The World’s Freest Economies: America Barely Cracks the Top Ten

Young_ChitlinYoung_Chitlin YCN Chief/FCC Member/#RedVelvetSquad Member/IC Task Force General/Future LawyerASUville, PhoenixPosts: 21,141 ✭✭✭✭✭
By: Robert Kessler

The Heritage Foundation has released its annual list of the world's freest economies and, wouldn't you know it, the Asia-Pacific region is number one. Hong Kong, Singapore, Australia and New Zealand are all on top while the world's largest economy, America's, barely cracks the top ten.

The ranking is based on 10 indicators like government spending, trade and labor market freedom. The top ten are:

Hong Kong
New Zealand
United States

No members of the financially-troubled Eurozone can be found in the top ten. Ireland, however, comes in the 11th spot.

The United States' overall score is 76.0, down from 76.3 last year. America lost points in all categories of regulatory efficiency, but actually picked up points in government spending.

But, hey, it could be worse. North Korea, Cuba, Zimbabwe, Venezuela, Eritrea, Burma, the Democratic Republic of Congo, Equatorial Guinea, Turkmenistan and Iran received the ten lowest scores.


  • twatgettatwatgetta Posts: 6,718 ✭✭✭✭✭
    Slave country Slave wages. nothing new.
  • SionSion Moderator, Legion of Trill, AHH Content Producer, AHH Editor Posts: 42,274 Regulator
    LOLOL @ Canada being up there, yall have no idea how hard it is to start businesses in Canada shit is fucking bullshit. Not surprised at Switzerland or Hong Kong tho. Switzerland has to be really flexible, they sit in between Germany, Italy, Spain & France and people looooove the tax incentives they have out there.

    I was surprised to see Australia up there tho. If America wasn't dealing with the fiscal cliff issue before this was published they'd probably have been in the top 5.
  • UnderMiSensiUnderMiSensi Posts: 951 ✭✭✭✭✭
    nPG1h.png at that position
  • UniversalmindstateUniversalmindstate Posts: 569 ✭✭✭✭
    There is a bigger percentage of American companies running Canada than Canada companies, so United States anonymously governs Canada, I'm sure.
  • The Lonious MonkThe Lonious Monk Man with No Fucks Given Posts: 23,790 ✭✭✭✭✭
    How is this a bad thing? If you notice most of the countries above us are much smaller and have far less complexity to worry about. They are more comparable to one our larger state economies than that of the entire U.S.
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