Friday, January 12, 2024

[Globe Newswire] Fraser Institute News Release: Hong Kong plummets to 46th spot in latest Human Freedom ranking

This is a collaboration post with Globe Newswire which provides earnings update and salient financial news globally. Please click on the links after the introductory excerpts for their full articles.

TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- As a result of increasing restrictions on liberties in Hong Kong—once among the freest places on earth—it now ranks 46th in the latest Human Freedom Index report, released today by Canada’s Fraser Institute and the U.S.-based Cato Institute.

As recently as 2010, Hong Kong was the 3rd freest jurisdiction on earth. Mainland China has always been less free than the territory and this year, China ranks 149th out of 165 jurisdictions.

“Freedom has suffered a precipitous decline in Hong Kong, but its tragic descent into oppression provides important lessons about the value of freedom,” said Fred McMahon, resident fellow at the Fraser Institute and co-author of this year’s report.

The index measures personal freedom—the rule of law, safety and security, identity and relationships (i.e. the freedom to choose your relationship partner), freedom of movement, speech, assembly and religion—alongside economic freedom, the ability of individuals to make their own economic decisions.

This year’s report ranks 165 jurisdictions around the world. It finds that from 2019 to 2021 (the latest year of available data), 89.8 per cent of the world’s population experienced a decline in freedom.

Full article:

https://www.globenewswire.com/news-release/2023/12/19/2798336/0/en/Fraser-Institute-News-Release-Hong-Kong-plummets-to-46th-spot-in-latest-Human-Freedom-ranking-as-China-continues-to-violate-one-country-two-systems-pact.html

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