“are two remarkable real world experiments of economies closer to resembling an ideal (true laissez-faire, true socialism) than any other in the world. … in the late 1950s, both economies had a GDP per capita of around $4,500 in today’s money. By 2018 Cuba had slightly more than doubled its GDP per capita to around $9,000 per person. But Hong Kong reached $64,000 per capita—seven times Cuba’s, and even exceeding the UK’s as well … Hong Kong’s secret lies in the rule of law and in the strict separation of the state and the economy.”
Alberto Mingardi in Law and Liberty. (https://www.lawliberty.org/2020/01/21/a-story-of-economic-contrasts/)
See also: Hong Kong and Argentina.