Preview
Preview

Analysis of Singapore's Economy Recovery Essay

:: 5 Works Cited
Length: 2593 words (7.4 double-spaced pages)
Rating: Green      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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 ...


... middle of paper ...


...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.


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



Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
Essay about Japan's Trade Policy and Economy - ... The recent years also registered a change in policies, emerging them to restrain exports in several industries. These have caused also some limitations, mainly due to the unfair competitive practices. As for the import policies, these were mainly implemented during the postwar period. The weak position that Japan experienced at that time and the deficits in trade balance justified the applying of these import policies. Therefore, there were many products which faced government quotas and high tariffs....   [tags: historical and commercial analysis] 1082 words
(3.1 pages)
Research Papers [preview]
Economic Analysis of India Essay - ECONOMIC ANALYSIS OF INDIA The Indian Economy is the tenth-largest in the world by nominal Gross Domestic Product and the third-largest in terms of PPP. India had a growth of over 9 % in 2005-2008 came down to 6.7 % in 2008-2009 because of the world financial crisis of the fiscal and monetary space there but with the time economy recovered to a growth of 8.4 per cent in 2010-11. Again the slowdown in the Indian economy began in the 2011-2012, when the growth rate declined to 6.70 % from a level of 8 percent....   [tags: trade, foreign exchange] 1034 words
(3 pages)
Strong Essays [preview]
Economy in Recovery? Not so Fast Essay - On CNNMoney.Com, the article “Economy in Recovery. Not So Fast” states that even though key players in the United States economy such as industry, manufacturing, and the job market have begun to make a small comeback, the chances of it completely turning around seem slim to none. With the fiscal cliff swiftly approaching in early 2013, the United States government may yet again take another economic blow in the form of budget cuts and layoffs after the Bush tax cuts expire. Although these hit close to home the United States is not the only economy that was damaged by the 2008 and 2009 market crash, it was a global event that affected all of the world’s markets in one way or another and espec...   [tags: CNNMoney.com article analysis]
:: 1 Works Cited
594 words
(1.7 pages)
Strong Essays [preview]
The Growing Economy of Singapore Essays - ... This has also effectively kept inflation levels low. (Mas.gov.sg 2014) Singapore Economic Overview Singapore is a wealthy, medium-sized economy located in East Asia. Singapore has a population of 5.75 million people. In 2013 Singapore's GDP was USD 370 billion. Singapore's GDP grew at 4.08% in 2013. GDP per capita, in purchasing power-adjusted dollar terms, is USD 64,584. Inflation in Singapore, as measured by the change in consumer price index, was 4.53% in 2012, versus 5.25% in 2011. Unemployment in Singapore in 2013 was 1.90%, versus 1.95% in 2012....   [tags: financial sevices, petroleum refining] 1162 words
(3.3 pages)
Research Papers [preview]
Economics Of Singapore Essay - Introduction The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14)....   [tags: Singapore Economy ] 1537 words
(4.4 pages)
Powerful Essays [preview]
Essay Singapore's Economy - Singapore’s recent economic history Singapore is well located for international industry and trading. The development of the Singapore economy depends heavily on foreign capital, foreign technology and foreign workers. Foreign companies are attracted by an interesting tax system. The foreign investors profit from the fact that they pay lower tax rates than local residents. The Singaporean government has a big influence on the social and economic development. The authorities organized for example trainings for Singaporean workers in order to obtain trained, highly motivated residents....   [tags: Singapore Business Economics] 1093 words
(3.1 pages)
Strong Essays [preview]
The Battle of Singapore Essay - Introduction The Battle of Singapore took place during World War II from January 31 to February 15, 1942. The two opposing forces were the British and Japanese. Lieutenant General Author Percival led 85, 000 men to defend the war while Lieutenant General Tomoyuki Yamashita commanded the invasion with 36, 000 men. The onslaught to invade British Malaya commenced in December 8, 1941. During this period, General Yamashita started invading this British colony from Indochina and subsequently from Thailand....   [tags: The Defence and Fall of Singapore]
:: 4 Works Cited
2567 words
(7.3 pages)
Research Papers [preview]
US Economy Today: The lackluster Recovery Essay - There has been a debate on whether the Fed should stop or further its expansionary monetary policy. In my opinion, if the Fed’s goal is to bring the economy back to the pre-crisis level as close as possible, the Fed should not exit from expansionary monetary policy. According to the Bureau of Labor Statistics, the unemployment rate in November is 7.0%, reaching the all-time low since 2009 but still higher than the pre-crisis level; according to the US Inflation Calculator, the inflation rate reached 1.0% in October, hitting the lowest since 2010....   [tags: Labor Statistics, Unemployment]
:: 8 Works Cited
895 words
(2.6 pages)
Better Essays [preview]
Water Needs In Singapore Essays - Water Needs In Singapore Singapore's water resources are limited and we should not take the availability of water for granted. Our demand for water is increasing each year. With increasing affluence, Singaporeans enjoy a good standard of living and now own many modern appliances which demand ever greater use of water. Water consumption is also increased by the setting up of more nuclear families and households. Today, we consume about 300 million gallons of clean water a day....   [tags: Water Use In Singapore] 1980 words
(5.7 pages)
Powerful Essays [preview]
Singapore Essay example - How might the Singapore society differ were it not for these technologies – would the society be more or less heavily regulated. Lee recommends analysing politics and society by addressing how power struggles and relations were played out in the pre-Internet era, namely the maintenance of political control via public support (2005: 74). Foucault defines ‘governmentality’ as the point of contact where the technologies of power interact with the governed. This spurs Lee to postulate that, in order to retain power in the Internet era, 'governments need to be actively involved in shaping the design as well as the societal, cultural and regulatory environment in which the Internet and other new...   [tags: Singapore Politics, Government] 1910 words
(5.5 pages)
Strong Essays [preview]