Analysis of Singapore's Economy Recovery Essay

Analysis of Singapore's Economy Recovery Essay

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If I was the consultant of Singapore, the economy would continue to grow fast as the country will keep its focus on Technology, Communications and Media as Subsistence. The Republic of Singapore is the second-smallest country in Asia and consists of Singapore Island and several smaller islands off the southern tip of the Malay Peninsula. Singapore’s geographic location gives it strategic importance in the region. It is mostly low lying and hilly, with sections of rain forest, and mangrove groves. The tropical climate is characterized by heavy rainfall and high humidity. Average winter temperatures are 75°F and average summer temperatures are 88°F. The nation’s 4.6 million people are 77% Chinese, 14% Malay, and 8% Indian. They are 42.5% Buddhist, 14.9% Muslim, 8.5% Taoist, and 15% Christian. Roman Catholics represent the largest Christian denomination, claiming about 5% of the population. Singapore’s three official languages include Mandarin, English, and Tamil. While Mandarin is the most widely spoken (35%), English is used by the government and taught in schools. Malay, spoken by 14% of the population, is the national language. The entire population lives in urban areas, as the nation is virtually a city-state. The infant mortality rate was ranked as the lowest in the world in 2009. The average life expectancy of nearly 82 years is one of the highest in the world.
Singapore has a highly developed and successful free market economy thanks to its strategic location on the trade routes and to its industrious population. It is one of the world’s most prosperous economies, with strong international trading links. It is also one of the busiest ports in the world. Its per capita gross domestic product (GDP) is equal to that of major ...

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...nomy's strong first-quarter performance, we have revised up our GDP growth forecast for 2011 to 5.5%, from 4.7% previously. The economy is expected to move on to a more stable growth path during the remainder of the forecast period, with real GDP set to grow by an average of 4.7% a year in 2012-15.

Ghesquiere, Henri (2010) “Singapore's Success: Engineering Economic Growth”, Cengage Learning.
Gregory, Paul R. (2010) “Comparative Economic Systems”. Boston: Houghton Mifflin Co.
Losh, S. (2011). Group behavior in organizations. San Diego: Bridgepoint Education, Inc.
Singapore Stats, Retrieved 4/7/2014 from:
Wood, John H. (2009) "Monetary Policy in a Small Open Economy: The Case of Singapore." Economic Review Second Quarter 2009: 25-36.

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