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Economic environment of Singapore
Singapore rapid economic development
The economy of Singapore
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History, Geography and Demographics
The Republic of Singapore is a sovereign republic country that lies at the southern tip of the Malay Peninsula, between Malaysia and Indonesia. Singapore’s history can dates back to AD 1298-1299, which known as Temasek ("Sea Town"). The modern Singapore was founded during the 19th century. On August 9th, 1965, Singapore left Malaysia Federation and gained independence as the Republic of Singapore.
Singapore has 697 km2 area in total, including 687 km2 of land and 10 km2 of water. The country consists of 63 islands, and the largest offshore island is Pulau Tekong (2,442.6 ha). The public green areas of Singapore exceed 9,500 ha, which covered about 13.6% of the total land area of Singapore. The climate in Singapore is hot and humid, and due to the fact that Singapore is almost close to the equator, it has no distinctive seasons. Temperature is steady across the year, with average high temperature of 87.8 °F and average low temperature of 75.4 °F. The hottest weather occurs in April, and its average humidity level is 84.1%. Singapore is a relatively small country, and the natural resources are limited. The remarkable natural resources include fish and deep-water ports.
As of 2012, the total population of Singapore is 5,312.4 thousand, including 3,818.2 thousand Singapore citizens and permanent residents. The ethnic composition includes 74.2% of Chinese, 13.3% of Malays, 9.2% of Indians, and 3.3% of others. Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is widely used in business, government, and schools.
Economy, Political Environment and Culture
As of 2012, GDP in Singapore is about $346.5 billion. Compared with 1.9% in Australia, 4.4% in Japan, and 2.4% ...
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...om 4.5% to 7.5%, and regular drinking slightly increased from 2.9% to 3.1%. Drink drive will also receive several penalties. Based on the current law in Singapore, offenders may be punished with a maximum fine of $30,000 and a mandatory jail that up to 3 years. They may also receive up to six strokes of the cane. Caning is a form of punishment that existing in Singapore that may occur serious injury.
Based on my research, there is no designated driver service company existed in current Singapore market. The new designated driver service company will provide not only drink driver service, but also children pick-up/drop-off service or other appropriate forms of driver service. Customers can make the reservation through website, phone, or mobile apps. Because Singapore is a relatively small country, the company can serve their customers in a fast and inexpensive way.
Life is not always easy, at some point, people struggle in their life. People who are in the lower class have to struggle for a job every day and people who are in upper class also have their own problems to deal with. These ideas are very clear in Mary Oliver’s “Singapore”, Philip Schultz’s “Greed” and Philip Levine “What Work Is”. In "Singapore" a woman is likely lower class because she works at the airport and her job is to clean the bathroom. In both “Greed” and “What Work Is”, the speakers make the same conclusion about the struggle in the lower class. “Greed” furthermore discusses how Hispanics get a job first before whites and blacks because they take lower wages. All three poems deal with class in term of the society. The shared idea
The narrative of Carvey’s “Cathedral” and Mary Oliver’s “Singapore” shows the moment of enlightenment for a narrator and lady. Two different reading, yet the encounter of a visit and chance meeting transforms the characters. In “Cathedral”, the narrator is telling a story about a wife who had a friend call name Robert. The narrator, who also is the wife’s husband, meets Robert for the first time. He, judges Robert, because of his blindness. Therefore, the narrator feels superior over Robert. However, when the narrator draws a picture of the cathedral; Robert places his hand over the narrators. The narrator has an epiphany. The same is true for “Singapore.” A lady has a first-time encounter with a cleaning lady in the bathroom. The lady also
For instance, English is the official language, both in Singapore and Hong Kong. Moreover, Singapore and Hong Kong both became international financial and economic centers. The new technology, education systems and the Enlightenment ideas introduced by the British built a bridge between their past to their irreplaceable positions in the modern world. Yet, Singapore and China suffered severe economic distress for years. Also, the hardship of Chinese and Singapore citizens under the era of imperialism was inestimable. Imperialism could not be praised or blamed. It is the product of historical background and complex relationships among
When comparing GDP from different countries, the size of that country should be taken into consideration. There are countries with a huge population (ie. China), countries with medium population (ie. US), and countries with small population (ie. Singapore). Let hypothetically proposes that all 3 countries have the same GDP, then wouldn’t Singapore be the strongest economy since it produces the same amount of goods/services with less resources? Thus, just “tallying up gross domestic product [can]… yields a warped picture of China’s economic rises” (Levi). China population is more than four time the population of the US and technically, its GDP should be at least 3 time the US’s; yet it’s barely higher even after adjusting for P.P.P. By definition, China’s economy is still much weaker than the US’s economy. In addition, when dividing China’s GDP by its gigantic population size, the result is grim for a nation that boast of being the number one
Today Malaysia and Singapore are geographically the same rich tropical and dynamic economy, with the same geographic problems. A health problem, with some endemic malaria, has been checked, which transformed their economy and way of life by understanding their environment. Almost eradicating malaria from their land shows what an understanding of geography and history can do.
Comparative advantage means that an industry, firm, country or individual are able to produce goods and services at a lower opportunity cost than others which are also producing the same goods and services. Also, in order to be profitable, the number in exports must be higher than the number in import. From the diagram we seen above, Singapore is seen to have a comparative advantage in some services. The services are Transport, Financial, business management, maintenance & Repair and Advertising & Market Research, etc. These export services to other countries improve the balance of payment. On the other side, Singapore is seen to have a comparative disadvantage in some services. The services are Travel, Telecommunications, Computer & Information,
Singapore’s education journey can be divided into three broad phases namely the Survival-Driven Education (1959 – 1978), Efficiency-Driven Education (1979 -1996) and the Ability-Based, Aspiration-Driven Education which Singapore has adopted since late 1990s. The education policies have evolved to address the context of the country’s stage of development and the challenges it faces at each point. More recently, we are transiting into a knowledge-based economy to face external challenges such as market volatility, increasing globalisation and rapid technological advancement. As Singapore does not have its own natural resources, it is a necessity to develop the people to their fullest to survive. And as the future becomes more volatile with rapid
Using Singapore to debate has an interesting point of view. After it separation from Malaysia at 9 of August 1965. The nation became an independent state. Singapore was on her own, a tiny island lack of natural resource such as oil and rubber plantation, and on the other hand Singapore own a strategic harbour location.
Since Singapore gained sovereignty in 1965 from Malaysia, its politics has been dominated by the People Action Party. Under the leadership of People Action Party, Singapore has a “distinct political culture: authoritarian, pragmatic, rational and legalistic.” Economic growth and political stability were maintained by the People Action Party’s guidance. Thus, Singapore is corruption- free government where power is gained through skill and performance that attracted investments from other countries (“Introduction to Singapore’s political system”, 2011). Singapore scored the point of 1.33 in the 2009 World Bank’s governance indicators for the factor political stability. The government also opens a number of sectors such as financial services o, telecommunications, power generation, and retail to increase competition and foreign firms (eStandardsForum, February 2010).
Singapore gained its independence after the separation from Malaysia to become a sovereign state due to the different political reasoning and principles between the ruling parties of Singapore and Malaysia. A sovereign state has the ability to go into relations with other sovereign states and practices internal control over the country through laws and rules. Singapore is no different from other sovereign states that would inevitably be dealt with obstacles that seek to undermine the sovereignty of states. Without sovereignty in Singapore, Singapore would never have the opportunity to make decisions, take up roles and beliefs that we currently uphold now. Being remarkably fruitful is deliberately basic for Singapore's sovereignty. Achievement
Singapore had exported 200.7% of GDP goods and services in year 2012 and this is equivalent to $435.8 billion. 178.5% of GDP of goods and services has imported to Singapore in year 2012. From these data, Singapore is highly demand on importation and exportation for the economic growth.
There are legal consequences due to drinking also. The more a person drinks, the more their ability to make important decisions becomes impaired. After just one drink, a driver can lose their ability to perform the tasks necessary to drive a car. At a certain point, a driver will become illegally intoxicated and can be arrested for attempting to operate a moto...
Looking back on the history of Singapore its hard not to sit back and rivet at all the progression and improvement that have made Singapore a more relaxing and astonishing haven and must-see destination. Starting chronologically, from the Sanskrit words “simha” (lion) and “pura” (city) Singapore or Singapura, the “lion City” shows the rich history and the beginning of a new era that Singapore went through, and describes the city-state and the city life of people whom live or visit Singapore. We then move into how the city-state flourished as a trading post for a lot of sea vessels, which include Chinese junks, Portuguese battleships, and Indian vessels. The nineteenth century was an important time for Singapore because it was when modern Singapore was founded. On January 29, 1819 Sir Thomas Raffles (the...
Singapore gained its independence in 1965.It has been growing gradually and increasingly in the economy. I is now included among the world’s most competitive economies. This was made possible by being an public business globally, with a good business environment and a substantial political market, making it a popular country to invest in globally.
Wee, L. (2010). ‘Burdens’ and ‘handicaps’ in Singapore’s language policy: on the limits of language management, Language Policy (9), 97-114