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illegal_in_ca | 8 years ago

According to Index of Economic Freedom, Hong Kong has had the highest degree of economic freedom in the world since the inception of the Index in 1995.[0]

Hong Kong is the 32nd largest export economy in the world and the 12th most complex economy according to the Economic Complexity Index (ECI).[1]

Hong Kong’s unemployment rate was 3.3% as of January 2017 according to Trading Economics.[2]

I think these metrics Trump the photos.

[0] https://en.wikipedia.org/wiki/Economy_of_Hong_Kong [1] http://atlas.media.mit.edu/en/profile/country/hkg/ [2] http://www.worldstopexports.com/hong-kongs-top-10-exports/

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zhemao|8 years ago

It also has one of the highest levels of income inequality, which is what this article highlights.

legulere|8 years ago

Those pictures show that economic freedom, a high export rate, a complex economy and a low unemployment may not be good goals to optimize for.

crdoconnor|8 years ago

This is essentially the result of what happens when a country prioritizes "economic freedom" (investor supremacy).

awkwarddaturtle|8 years ago

It's actually a result of colonialism. The british and the elite hong kongers lived like kings and took the lion share of land/wealth and relegated the ordinary hong kongers to poverty.

ximeng|8 years ago

Don't Be naive about HK's economic freedom. The monopolisation of real estate and the rigidity of the political system means actual competition to the elite families is minimal.