Why don't we model after Hong Kong?
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03-24-2014, 09:49 AM
Post: #1
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Why don't we model after Hong Kong?
Hong Kong's economy is the most free in the world:
There is virtually no poverty The GDP per capita (PPP) is 51,000, 87 times that what it was in the 1960's. One of the lowest tax rates globally No central bank/federal reserve equivalent In addition, Hong Kong has the world's highest average IQ according to IQ and wealth of nations, and is one of the best in average academic performance. Kitten/Kim: The policies in place in Hong Kong correspond with economic growth throughout the world. Places with the highest tax rates and government intervention, such as western Europe, tend to have stagnating or shrinking economies. Virtually all of the countries that have the highest growth rates also have relatively limited government intervention. India's economy quadrupled after economic liberalization. China was one of the poorest countries in the world per capita, but now has a gdp per capita over 30 times higher since the economic liberalization under deng xiaoping. Joshua: As previously stated, economic liberalization brought tremendous growth in both India and China, both extremely populous countries. Hilarious: The United States does not have the most economic freedom. Many countries-Singapore, Australia, New Zealand, Hong Kong, Switzerland, etc. Have considerably greater economic freedom. Also, Hong Kong is self-governing. G: Can you point out a larger country that did not benefit after economic liberalization? Kim: Even in western Europe, greater economic freedom correlates with economic growth. Countries like the U.K and Sweden rate higher in economic freedom than countries like France and Germany and similarly have higher growth rates. Are you arguing that a higher tax rate does not correspond with less economic growth? Ads |
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Why don't we model after Hong Kong? - Blawr - 03-24-2014 09:49 AM
[] - Rev. Hal Luya - 03-24-2014, 10:08 AM
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