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Economic Freedom: U.S. Ranked 10th Place

August 16, 2012 0 Comments

Why Does Economic Freedom Matter?

Economic freedom is a crucial component of liberty. It empowers people to work, produce, consume, own, trade, and invest according to their personal choices.

Why Does Economic Freedom Matter? – from The Heritage Foundation's Understanding America series – explores the framework America's Founders established for an economically free nation, and what economic freedom means for the United States and the rest of the world.

Hong Kong’s economic freedom score is 89.9, making its economy the freest in the 2012 Index. Its overall score is 0.2 point higher than last year, with improvements in freedom from corruption and the control of government spending partially offset by a small decline in monetary freedom. Hong Kong is ranked 1st out of 41 countries in the Asia–Pacific region.

The top ten countries in the Heritage Foundation 2012 Index are:

1.  Hong Kong

2.  Singapore

3.  Australia

4.  New Zealand

5.  Switzerland

6.  Canada

7.  Chile

8.  Mauritius

9.  Ireland

10.  U.S.

The complete list may be found here: http://www.heritage.org/index/ranking/

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