Economic freedom isn't worth squat if you have no human rights.
On the other hand, they have little corruption and low crime rates, so hey, if it works for them...
They attempt to get a broader view of freedom by including other indices.
Their tops, from 2006: Estonia, Ireland, Canada, Switzerland, Iceland, Bahamas, United Kingdom
And then, finally, United States
Singapore is ranked 49th, on account of being ranked 95th in the "individual freedom" category.
Without any of these, there can be no economic freedom.
Do you mean that economic freedom is meaningless without broader human rights?
This is an insightful analysis of HK and Singapore's so-called high degree of economic freedom: http://www.nytimes.com/2006/01/08/opinion/08iht-edbowring.ht...