As an economic expert with a focus on international trade and economic systems, I have a deep understanding of the various economic models around the world. The concept of a laissez-faire economy is rooted in the idea of minimal government intervention in the market. It is a system where businesses are allowed to operate freely without excessive regulations or controls, and individuals are free to make their own economic decisions.

In the context of the world economy, there isn't a pure laissez-faire economy in existence today, as all economies have some level of government regulation and intervention. However, some countries are known for having economic policies that lean towards laissez-faire principles.

Switzerland is often cited as having one of the most laissez-faire economies. It has a strong tradition of free markets and minimal government intervention. The Swiss government has a hands-off approach to business, which has fostered an environment conducive to innovation and entrepreneurship.

Ireland is another country with a relatively laissez-faire approach. It has a low corporate tax rate, which has attracted many multinational corporations. The Irish government has also implemented policies that encourage foreign direct investment and economic liberalization.

Denmark and Estonia are two other European countries that are often mentioned in discussions about laissez-faire economies. Both countries have strong welfare states but also promote free trade and relatively low levels of regulation.

The United Kingdom has historically been associated with laissez-faire economics, particularly during the era of classical liberalism. While the UK has a mixed economy with significant government involvement, it still maintains a strong commitment to free markets and deregulation in many sectors.

In the Asia-Pacific region, Hong Kong is known for its laissez-faire economic policies. It has a free port, low taxes, and minimal government intervention in the economy.
Singapore is another country in the region that is often praised for its business-friendly environment and low levels of regulation.

Australia and New Zealand are also recognized for their relatively laissez-faire economic policies. Both countries have open economies with low tariffs and a strong emphasis on free trade.

Taiwan, while not officially recognized as a country by many nations, has an economy that is open and competitive. It has a strong export sector and has implemented policies that encourage economic liberalization.

It is important to note that the concept of a laissez-faire economy is not without its critics. Critics argue that too little government intervention can lead to negative outcomes such as income inequality, environmental degradation, and market failures. Therefore, while these countries may lean towards laissez-faire principles, they also implement policies to address these concerns and ensure the overall well-being of their citizens.

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For Europe the --laissez-faire list-- is led by Switzerland, Ireland, Denmark, Estonia and the UK. As you can see, the bottom of the list is Ukraine. For Asia and the Pacific at the top are Hong Kong, Singapore, Australia, New Zealand, Taiwan while North Korea is last.May 2, 2014read more >>