NEW YORK ( TheStreet) -- As doubts continue to swirl around Europe and the U.S., other corners of the globe have had the chance to rise to the occasion, threatening to upend the long standing dominance of these economic leaders.The World Economic Forum announced this week that Hong Kong had surpassed both the U.S. and UK to score the top spot on the group's Financial Development Index. The WEF's rankings were based on a number of factors, including financial access, stability, efficiency, and size. Previously, the Chinese city-state held the fourth place spot.
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