The Wall Street Journal and the Heritage Foundation released its annual 2010 Index of Economic Freedom. Of the world's 20 largest economies, Hong Kong ranked first while the U.S. came in at number eight. According to the Wall Street Journal article, The U.S. is Not as Free as It Used to Be, a number of factors contributed to the United States’ … [Read more...]
Hong Kong to Remain International Arbitration Hub in Asia
On a recent trip to Hong Kong, I noted several newly built skyscrapers filling up the remaining voids of the city’s skyline. From my perspective sitting in the Felix restaurant, perched atop a high rise on the other side of Victoria Harbor, it was easy to see how global economic and financial activity had shifted from west to east, especially to markets connected to … [Read more...]