Catos second freest country behind Hong Kong? Singapore. Notice a trend? Today, Singapore is the second-most unequal economy in the developed world, behind Hong Kong, having pulled in wealth over the past decade with investor-friendly and liberal immigration policies, according to United Nations data. More than 17% of the city-state’s resident households have at least US$1 million in disposable wealth, while its Gini coefficient—an income-inequality measure in which zero indicates total equality and one represents complete inequality—had risen to 0.478 last year from 0.442 in 2000, a faster increase than in other developed nations.
Posted on: Wed, 01 Oct 2014 00:30:00 +0000
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