All Posts Tagged With: "Hong Kong"
The Politically Incorrect Guide to Socialism
What do the following have in common: hungry Venezuelans, starving North Koreans, ecological devastation in the former Soviet Union, and functionally illiterate students in Washington, D.C., high schools? Give up? They are all consequences of socialism. In his book The Politically Incorrect Guide to Socialism, economics professor and National Review editor Kevin Williamson gives the [...]
4Jan2012 | George C. Leef | 4 comments | ContinuedIn Praise of Tax Havens
According to stereotypes, tax havens are little islands in the Caribbean, and indeed that’s true of some of the world’s premiere offshore centers. But to be more accurate, a tax haven is any jurisdiction that satisfies two criteria: First, its tax laws are attractive to global investors and entrepreneurs, and second, it protects its fiscal sovereignty by choosing not to enforce the bad tax laws of other nations, at least when they are trying to tax economic activity outside their borders. This means, of course, that individuals and businesses from high-tax nations have the option of using those jurisdictions as havens against excessive taxation.
10Jun2009 | Daniel Mitchell | 5 comments | ContinuedSay It Ain't So, Jackie!
From the Guardian: Speaking at the Boao Economic Forum on the southern Chinese island of Hainan on Saturday, [actor Jackie] Chan, who was born in Hong Kong, cited the territory as an example of the negative aspects of relaxed controls. “I’m not sure if it’s good to have freedom or not,” the 55-year-old action superstar [...]
20Apr2009 | Sheldon Richman | 0 comments | ContinuedFreedom Works: The Case of Hong Kong
Hong Kong has an impressive reputation for economic freedom and classical-liberal virtues. In a series of articles, Milton Friedman used Hong Kong to show how the power of free markets combined with little else can create wealth, pointing out that its per-capita income rose from 28 percent of Britain’s in 1960 to 137 percent of [...]
1Nov2008 | Andrew P. Morriss | 6 comments | ContinuedWhy Freedom Matters
The future of civilization depends on preserving and spreading freedom. As a moral principle, freedom means we ought to respect private property rights, broadly understood as the rights to life, liberty, and property. As a practical matter, when private property rights are protected by law, individuals will be free to trade for mutual gain and [...]
1Jul2005 | James A. Dorn | 0 comments | ContinuedEconomic Freedom: The Path to Development
Economic development has historically been exceptional rather than typical. As Peruvian economist Hernando de Soto has observed in The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, capitalism has been successful mainly in the West. Consequently, there are tremendous income disparities around the world. In 2000, real income per person [...]
1Apr2005 | Gerald P. O'Driscoll, Jr. | 0 comments | ContinuedBeijing Erodes Hong Kong’s Laissez Faire
While the rest of the world is debating the terms under which they might engage China, authorities in Beijing are busy trampling on its agreement with the British over Hong Kong’s return to Chinese sovereignty. In the handover agreement, both parties agreed on Hong Kong’s mini-constitution, the Basic Law, as a document that provided assurances [...]
1Mar2002 | Christopher Lingle | 0 comments | ContinuedPoverty and Wealth: India Versus Hong Kong
“The government of India regulates nearly everything, so there’s very little progress; whereas in Hong Kong the government keeps its hands off . . . and the standard of living has multiplied.” -JOHN TEMPLETON1 The mutual fund magnate John Templeton traveled around the world during the 1930s, noting in particular the extreme poverty in two [...]
1Feb2002 | Mark Skousen | 2 comments | ContinuedEconomic Freedom or Foreign Aid?
In a world of plenty want abounds. To blame are big corporations, international trade, and open markets, according to demonstrators who have been attacking the World Trade Organization. In fact, they couldn’t get it more wrong. Economic liberty and exchange offer the world’s poor the best hope of a better future.
1Jul2000 | Doug Bandow | 0 comments | ContinuedStatistics: A Vehicle for Collectivist Mischief
John Wenders is professor of economics at the University of Idaho. Sir John Cowperthwaite served in Britain’s administration of Hong Kong for over 25 years. From 1961 to 1971 he was Hong Kong’s financial secretary, a position that gave him vast power over that colony’s economic affairs. It was under his guidance that the theory [...]
1Jun1998 | John T. Wenders | 0 comments | ContinuedDemocracy Would Doom Hong Kong
John Wenders teaches economics at the University of Idaho. There is an important lesson to be learned from the Hong Kong economic miracle, the destiny of which is now in the hands of China. Too bad most commentators have missed it completely. The lesson is simple. This small patch of rocky land, devastated by war [...]
1Jan1998 | John T. Wenders | 0 comments | ContinuedRed Flag Over Hong Kong by Bruce Bueno de Mesquita, David Newman, and Alvin Rabushka
Chatham House • 1996 • 208 pages • $25.00 cloth; $17.95 paperback For decades, Hong Kong has been a favorite subject among those of us who teach economics. To demonstrate the importance of private property, economic liberty, and minimal, noncoercive government, Hong Kong was simply ideal. Here we have a small, rocky, resource-poor bit of [...]
1Aug1997 | George C. Leef | 0 comments | ContinuedBook Review: The Bamboo Network: How Expatriate Chinese Entrepreneurs Are Creating a New Economic Superpower in Asia by Murray Weidenbaum and Samuel Hughes
Free Press • 1996 • 272 pages • $24.00 Dr. Peterson is this month’s guest editor. A sharp turn in human events since the end of the Cold War is the emergence of a powerful new global economic force, one without fanfare, and in an unexpected place: Southeast Asia. The force is the Bamboo Network. [...]
1Mar1997 | William H. Peterson | 0 comments | ContinuedHow Real Is the Asian Economic Miracle?
The post-war Asian economic miracle has come as a great shock to the economics profession. In my review of the top-ten textbooks (Economics on Trial, Irwin, 1993), few economists tell the wonders of Japanese prosperity and none reveals the secrets of the Four Tigers (Hong Kong, Singapore, Korea, and Taiwan) or the newly industrialized economies (Indonesia, Malaysia, and Thailand).
1Jul1996 | Mark Skousen | 1 comment | Continued-
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