Singapore, officially named the Republic of Singapore, is an island country, composed of 63 islands, and city-state in Southeast Asia, located just off the southern tip of the Malay Peninsula and only 85 miles north of the equator. Singapore has made a name for itself as one of the world 's most important commercial hubs, financial centers, and busiest ports.
The economy of Singapore primarily depends on trade, particularly manufacturing. “Singapore’s economy is vibrant, competitive, and innovative. It is a mixed economy with government providing most of the infrastructure and exercising noticeable control over the pace and direction of development. This is no small feat in an economy so internationally dependent that its foreign trade is
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After tossing his crown into the water, the storm abated, and on the shores of nearby Temasek island, he sighted a good omen: a lion. Coming ashore, he established a thirving settlement and renamed the island Singapura, after the Sanskrit for lion (Singa) and city (Pura).” (Rae, 119) Recent excavations found evidence indicating that Singapore was an important port, even in the 14th century, and it still is one today. “Once the premier port in colonial Southeast Asia and one of the foremost in the British Empire, Singapore now ranks as the world’s fourth busiest port, tonnage-wise, with the second highest per capita G.D.P. in Asia.” (Ken, …show more content…
A Chinese traveler, Wang Dayuan, visited the island around 1330 and described the places he’d seen. “Here lived and roved the notorious “Tan-ma-hsi (Temasek) barbarians”, the Orang Laut of the region. The most striking feature of this description is the statement that “the natives and the Chinese dwell side by side”, which seems to be the first record of a Chinese community in Malaya.” (Colless, 2) This shows that the multiculturalism of Singapore dates all the way back to when the area had just been discovered.
Between the 16th and 19th centuries, the Malay Archipelago, composed of Brunei, East Timor, Indonesia, Malaysia, Papua New Guinea, Philippines, and Singapore, was gradually taken over by European colonial powers, staring with the arrival of the Portuguese. Later on, in the 17th century, the Dutch came to control most of the ports in the region and established a monopoly over trade within the Malay
Singapore is a city-state main island that is in Southeastern Asia, located off the southern tip of the Malay Peninsula, north of Indonesia between latitudes 1º 09´N and 1º 29´N and longitudes 103º 36´E and 104º 25´E. The Malay Peninsula is about 85 miles (137 kilometers) north of the Equator and consists of the diamond-shaped island called Singapore. Singapore lies directly between the South China Sea and the Indian Ocean with the makeup of 63 separate islands. The total land area of Singapore is 704 square kilometers (272 square miles). The lowest point on Singapore is sea level and the highest point is Bukit Timah at the lofty elevation of 162 meters (531 feet). (Szczepanski,) Nearly two-thirds of Singapore’s island is less than 50 feet (15 meters) above sea level. The eastern part of Singapore Island is a very low plateau cut by erosion into an intricate pattern of hills and valleys.
a) Portuguese & Dutch merchants enjoyed a rich & active trade until the early 1800s.
Most of the countries in the world had used trade to help in expanding and advance their economies and trade markets. Singapore also used the aspect of globalization which has increased communication in her own advantage to improve the economy and trade. The positive effect of globalization is that it has caused rapid changes in trade relations, financial flows, and mobility of labour across the world. The development has brought the economies of developed countries closer together and strongly interrelated to each other. Trade is the most common across the countries and people are able to move from one place to another more conveniently and frequently than before the globalization has happen in this world
The Singapore government attracts foreign business to invest in the country by offering trade agreement practices and their open economy. The advantage of having foreign business
One caveat to the strength of Singapore’s is the amount of foreign investments there. Its economy is not as diverse as the United States. Recently, the government has invested in diversifying the economy. As a result, the tourism, pharmaceutical, and many other industries have flourished. However, competition among financial institutions, particularly in banking, is significant and should be considered as it is one of Singapore’s core elements in its economy. PESTLE analysis also reflects this and others such as labor shortages, rising labor costs and a decline in
Singapore was built as a British trading state in 1819. It joined the Malaysian Federation in 1963 yet separated two years sometime later and got self-governing. Singapore thusly transformed into one of the world's most prosperous countries with strong worldwide trading associations (its port is one of the world's busiest the extent that tonnage dealt with) and with for each capita GDP equal to that of the heading nations of Western Europe. (Kingston,
According to Berdzenadze (2013), Singapore had been ranked highest among all the asian countries in political stability ranking and top in Global Competitiveness Report as the leading Asian country for competitive economy by the Word Economic Forum (2013).
Wilson, Constance, Dr. "Colonialism and Nationalism in Southeast Asia." Colonialism and Nationalism in Southeast Asia. Himself, July 2005. Web. 02 Dec. 2013.
The world is compiled of countries with a thriving and growing economy and countries with poor and receding economies. Not every countries economy is the same and they all have their own unique ways of going about trade and investments and their attempt to grow as a country. Singapore has a thriving economy and it will just continue to grow as they prosper through vast exports and imports and their big businesses that are there.
Among the largest economies, Singapore is the 3rd most globalized economy and ranks 3rd among the wealthiest of nations.
Singapore acts as a role of an entrepôt for Southeast Asia due to their strategic location, port infrastructure and highly skilled workforce. Singapore also purchases raw materials from other country and then refine the product into a better product to re-export. The reason for Singapore to do this is because of the lack of human and natural resources.
Objective history is purely factual and totally uninfluenced by feelings or opinions. By this definition, the Singapore Story is not an objective history.
Singapore government main focus is on technology and chemical, but they are lacked in raw resources, because Singapore does not have land to this mean you cannot build a farm. Also, they have the ocean around them they cannot use it because it is salt water, this make water a very precious resource. The reason, Singapore is a top world ranking for economics, they have the government creating and helping company to grow. While, America are the ninth richest country in the world for GPD per capita, they can create demands. Google, Apple, Microsoft, etc. these companies have headquarters in America, which give them the advantage over other countries for their technologies. In addition, they create jobs for people, which means people can afford things, to create demands.
In The Art of Charlie Chan Hock Chye, local artist Sonny Liew explores the history of Singapore through the eyes of protagonist Charlie Chan Hock Chye, a comic artist who lives from the Colonial era to post-independence Singapore. Using his under-rated artistic genius, Chan depicts Singapore’s transforming landscape through various comic strips that allegorizes cornerstones of the Republic’s history. With Singapore’s colonial history and evolution into an independent nation-state, Singapore’s nationalism parallels Thai scholar Thongchai Winichakul’s belief that Asian nationalism is distinct from European nationalism, writing in his book Southeast Asian Historians and Postnational Histories that “[T]he experiences of Western Europe” (17) should
An economic powerhouse, Singapore 's highly educated and employed populace is vaguely reminiscent of a Western society, at least more so than Malaysia 's. There is no prominent, let alone state-managed, system of racial or religious discrimination. In fact, Singapore seems to go out of its way to make identity a non-issue for Singaporeans (Lecture 7), who seem more concerned about the influence of foreigners than about racial divisions amongst themselves (Lecture 10). However, I argue that the very act of attempting to make racial and ethnic identity a non-issue is in and of itself an act of identity politics. Singapore 's fastidious management and extensive urban planning, carried out in large part by Lee Kuan Yew and the People 's Action Party, is a prime example of identity politics at play in Singapore. Singapore 's architects designed the island-nation carefully, its small size putting a premium on developmental space, encouraging extensive forethought (Lecture 7). For instance, Singapore was made to be equally accessible to all residents via the mass-transit SMRT system, with no region more economically or socially desirable than another (at least in theory) and this in part discouraged the formation of ethnic ghettos (Ibid). Similarly, Singapore 's highly coveted public housing units are designed and managed by the PAP, and their ethnic compositions are carefully managed so as to be representative