Hong Kong Now Considerably More Prosperous than the UK

Hong Kong Now Considerably More Prosperous than the UK, by Dan Mitchell. Did you know that the Hong Kong government brags about how little it spends on redistribution programs and how few people are dependent on government? (Like the ABC would tell us that.) Hong Kong routinely is at the top of the rankings in both Economic Freedom of the World and the Index of Economic Freedom.

Hong Kong used to be much poorer than the United Kingdom. But after decades of faster growth (thanks to good policy), Hong Kong is now more prosperous than its former colonial master [by 37%, per capita].

This is tremendous evidence on the benefits of good policy and the importance of strong, long-run growth.

hat-tip Matthew