The Index of Economic Freedom for 2014
According to the economic freedom index, Singapore is the second "free"st economy in the world behind Hong Kong. The index marked the country with a score of 89.4 which is 1.4 points ahead of last year.
This figure represents the labour and investment freedom in the country that overshadows any small monetary and business freedom decline. Singapore has been ranked as being second among 42 countries in the Asia Pacific region.
In the index’s 20 year history, Singapore has successfully surged up by 3 points owing to limited government and market openness that has advanced in the past years in double digits.
Singapore’s competitiveness has been powered by high trade freedom levels and the regulatory efficiency that contribute largely to the ensuring of a resilient growth of the country’s economy. With a record of continuous high achievements from the ...
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