Hong Kong ranked as the country's first free economy, while Indonesia is ranked 108 of 185 countries

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Hong Kong ranked as the country's first free economy, while Indonesia is ranked 108 of 185 countries



Hong Kong ranked as the country's first free economy, while Indonesia is ranked 108 of 185 countries. The study was conducted conservative U.S. think tank, the Heritage Foundation and the Wall Street Journal, which is published on Thursday (01/10/2013).

Australia occupied the third rank, this position is the fifth in a row in the last five years. Economic freedom is described as freedom of citizens in the country to work, produce, consume, and invest in a way that he maui and freedoms are protected and not prevented the country.

According to reports news.com.au, Friday (11/01/2013), Australia recorded a score of 82.6, a half figure lower than in 2012, due to decreased labor freedom and governance in spite of increased government spending freedom from corruption and business . This figure puts Australia as a country that is considered truly "free" along with four other countries, namely Hong Kong, Singapore, New Zealand, and Switzerland.

For Hong Kong, ranked first for the 19th consecutive year. Economic freedom index measures 10 criteria: property rights, freedom from corruption, fiscal freedom, government spending, efficiency regulations for business, labor, monetary policy, freedom of the market, trade, investment and finance. Indonesia, which is ranked 108 and into the category of "mostly unfree", received a score of 56.9, up half the number of last year.

Australia was ranked best in terms of financial freedom (1), the right to property (2), and freedom from corruption (8). Australia was ranked worst fiscal freedom (148), government spending (102), and trade (38).

Index of Economic Freedom 2013: 1. Hongkong 2. Singapore 3. Australia 4. New Zealand 5. Switzerland 6. Canada 7. Chile 8. Mauritius 9. Denmark 10. United States 56. Malaysia 61. Thailand 97. Philippines 108. Indonesia 119. India 136. China.