“Real wages rose by 50 percent and the portion of the population in acute poverty fell from 50 to 15 percent.”
Although not exactly the economy I would plan–they have light income tax and no sales tax–Hong Kong nevertheless remains the exemplar of free-market economics in the world today. Especially when compared to it’s Socialist mother country, and the living conditions there.
Unfortunately, I seem to be having an issue with inserting links today, so here is the URL for the article to which I am referring:
http://www.fee.org/freeman/detail/the-man-behind-the-hong-kong-miracle
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Reblogged this on Kyesha.