Video 2 eco

Video 2 eco - Corey Hill Video#2 Is America one 1 The video...

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Corey Hill Video #2 2/14/08 Is America # one?  1.          The video asked the question of whether or not America is number one in the  economical sense. The video compared three countries and their way of doing business.  First they looked at India, which has a high poverty rate and a poor standard of living.  The reporter found that India had more restrictions on economy and businesses . If an  entrepreneur wants to open a business there is a lot of red tape and waiting period they  have to go through.  It was found out that while the politicians debate whether or not to  allow a business to proceed people are suffering because there is already poverty in the  country. Also it was found that once Indians went to countries where the government  separates they flourished in business and in making money. One of those economic free  economies was Hong Kong. Described as the most economically free, Hong Kong used  to be poor in the 1950’s. However when the Brits took over and allowed laissez faire   capitalism  to occur Hong Kong prospered. Today, Hong Kong is rich and similar to the 
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Video 2 eco - Corey Hill Video#2 Is America one 1 The video...

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