Laissez-faire City
From The Economist:
Singapore is the second freest economy in the world, according to an American think-tank. In its 2008 Index of Economic Freedom the Heritage Foundation ranked the city-state a close second after Hong Kong, which topped the list of 157 countries for the 14th year running. Singapore’s efforts to cut taxes and attract foreign investment helped it increase its 2007 score by 0.2 points to 87.4. But the report also criticised Singapore’s financial and banking sector, which it claimed suffers from too much government intervention.