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Report: Hong Kong Has the Most Economic Freedom; Burma the Least - 2004-07-16


A U.S. research institute says Hong Kong has the most economic freedom in the world.

The Washington-based Cato Institute, in its annual report on world economic freedom, says Singapore stands second, while the United States, New Zealand, Switzerland and Britain are tied for third.

The group said Burma had the worst rating among the 123 nations and territories reviewed.

The survey does not rank all nations because sufficient data is not available for some countries, including Cuba and North Korea.

The Cato Institute says the countries are ranked according to 38 variables, including personal choice, freedom to compete and protection of person and property.

The survey is published in conjuction with more than 50 other public policy research organizations.

Information for this report is provided by AP and CATO Institute.

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