Why Hong Kong and Singapore are always in the top of the index's list of economic freedom?
Answer:
Index of economic freedom is not qualitative in nature but quantitave, so arab country can score well but it wont care whether women have no rights there therefore its rating system is not exactly understood well, even the IMF beleives that this index is skewed towards capitalism.
For Example
Scandinavians have ranks close 30s but there quality of life is the best like in human development index , canada is ranked much lower than USA because it has higher taxes but go to canada and you would realise that life is actually more peacefull there.
index has a big drawback countries tend to perform at a similar level so if they had top ranks for the past few years they are most likely to retain them future, I think you should look at HDI and GCI they are better indexes.
I hope you have understood my point , the heritage foundation is planning to make changes from this years report. Other Questions and Answers: