| 87.4% free. singapore, a city-state of 4.5 million, is the most well developed, prosperous country in southeast asia. while nominally a democracy, the island nation has been ruled by the people's action party since gaining its independence from malaysia in 1965. singapore boasts the freest economy in southeast asia, with a well-earned reputation for efficient administration and clean governance. while the service sector dominates the economy, the country is also a major manufacturer of electronics and chemicals. the most heavily trade-reliant country in the world, singapore has led the global trend toward bilateral and multilateral free trade agreements. |
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