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Today, Singapore has a highly developed market-based economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest,[59] most innovative,[60] most competitive,[61] and most business-friendly.[62] The 2011 Index of Economic Freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. According to the Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with New Zealand and the Scandinavian countries.

 

 

:lol: :lol: :lol: :lol:

 

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:lol:

 

 

 

 

 

 

Either the government regulates and encourages the economy e.g. capitalism/mixed economy, or the government controls some or all of the means of production e.g. socialism/communism.

Never denied it but in order for a COUNTRY to be considered socialist, the government has to own MOST of the means of production.........

 

 

If they're one of the most business friendly countries in the world????? They aren't overly regulatory......

 

 

I haven't changed anything.

 

 

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Today, Singapore has a highly developed market-based economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest,[59] most innovative,[60] most competitive,[61] and most business-friendly.[62] The 2011 Index of Economic Freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. According to the Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with New Zealand and the Scandinavian countries.

 

 

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