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01-14-2005, 09:55 AM
http://english.aljazeera.net/NR/exeres/1049E17F-AA74-46E3-BFDF-D65F7E6C4310.htm
US falls off top free economies' list
The United States has dropped out of the list of the world's 10 freest economies in a ranking released by the conservative Heritage Foundation.
The organisation, which promotes low taxes and limited government regulation, said on Tuesday the US was tied for 12th place with Switzerland in the 2005 Index of Economic Freedom.
Hong Kong retained its top ranking in the survey, followed by Singapore, Luxembourg and Estonia. Ireland and New Zealand tied for fifth place, followed by Britain, Denmark, Iceland and Australia in the top 10. Chile ranked 11th.
"Perhaps the greatest surprise in this year's index is the failure, for the first time, of the United States to make the top 10," the Washington-based research group said.
US falls off top free economies' list
The United States has dropped out of the list of the world's 10 freest economies in a ranking released by the conservative Heritage Foundation.
The organisation, which promotes low taxes and limited government regulation, said on Tuesday the US was tied for 12th place with Switzerland in the 2005 Index of Economic Freedom.
Hong Kong retained its top ranking in the survey, followed by Singapore, Luxembourg and Estonia. Ireland and New Zealand tied for fifth place, followed by Britain, Denmark, Iceland and Australia in the top 10. Chile ranked 11th.
"Perhaps the greatest surprise in this year's index is the failure, for the first time, of the United States to make the top 10," the Washington-based research group said.