In spite of having no natural resources, a country like _____ was able to make itself one of the wealthiest countries in the world because it allowed private ownership.

Question

​In spite of having no natural resources, a country like _____ was able to make itself one of the wealthiest countries in the world because it allowed private ownership.

Quizplus · Accepted Answer

Hong Kong is a classic example of a region with few natural resources but with an abundance of entrepreneurial spirit and a commitment to free-market policies. Hong Kong today is one of the most prosperous countries in the world, with GDP per capita on par with that of the United States, despite having virtually no natural resources. Its success is largely attributed to the government's commitment to a low-tax, free-market economic system that values private ownership and entrepreneurship. India, Poland, Hungary, and China all have some natural resources, so they are not suitable choices for this question.

​In Spite of Having No Natural Resources, a Country Like

In Spite of Having No Natural Resources, a Country Like