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10 Countries with Most Economic Freedom
By siliconindia
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Thursday, 03 November 2011, 00:48 IST |
1 Comments
2. Singapore:
Singapore remains the second freest economy in the world but ranks first in labor freedom in the 2010 Index of Economic Freedom. Singapore was ranked the second least corrupt country in the world, with a score of 92 out of 100. Flexibility and openness have been the foundation of Singapore's transformation into one of the most competitive and prosperous economies in the world. An efficient regulatory environment encourages vibrant entrepreneurial activity. Singapore's very competitive tax regime and highly flexible labor market encourage investment, attracting global companies and enhancing innovation. Foreign and domestic investors are treated equally, and Singapore's legal system is efficient and highly protective of private property.
