Trade in Singapore

1901 Words4 Pages
bulb-icon

Recommended: I need introduction to the development of singapore

Singapore is a small island in the south of Malaysia, and in relation with other islands it is more urbanized. It has an area of 7232 square kilometers. Most of its land was reclaimed from its sea, hills and the neighboring areas. It is 15 meters above sea level on most parts of its territory and 165 meters above the sea level on Bukit Timah region that comprises of igneous rocks and granite (Bowen, 1993). Despite the absence of any natural lake, the country has good supply of water from its constructed reservoirs. Development is a dynamic process that needs fundamental transformation in different spheres of the country’s economy. It ranges from the traditional economy based on subsistence food production; development in any economy requires a dramatic mobilization of energy resources, an upgrading of rural agriculture and increased investment in the transport industry, education and human capital (Tremewan, 1994). The greatest problem in any economy is how to get started, making the required changes from the low levels of subsistence, and low savings to an economy that is generating surplus that can be invested and be devoted into the building of human capital and infrastructure. This has been witnessed in Singapore, as it has been able to come up with the best strategies to use its resources to develop and generate surplus capital to invest in its development strategies. This development has been encouraged by its geographical and institutional characteristics, which have made great contributions to the economy. Singapore’s economy is of a good reputation, and its stability in growth has earned the country the title “Asian tiger.” With a high dependency on exports, the country faces international crises. Its location serves... ... middle of paper ... ... Meaning of the ‘Singapore Model’: State Capitalism and Urban Planning. International Journal of Urban and Regional Research, 38, 1, 116-137. The economy of Singapore. Retrieved from website: http://www.internations.org/singapore-expats/guide/16061-economy-finance/the-economy-of-singapore-16045 The worldwide governance indicators (wgi) project. Retrieved from website: http://info.worldbank.org/governance/wgi/index.aspx Tremewan, C. (1994). The political economy of social control in Singapore. New York: St. Martin's Press. U.S. library of congress. Trade: Foreign Trade. Retrieved from website: http://countrystudies.us/singapore/36.htm Wong, A. K. (1980). Economic development and women's place: Women in Singapore. London: Change International Reports Google, (2012). Public data. Retrieved from World Bank website: http://www.google.ca/publicdata/directory?hl=en&dl=en

Show More
Related

  • Scientist, Jared Diamond, Explains How Europeans Gained Power with Guns, Germs, and Stee

    631 Words  | 2 Pages

    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.

    Read More

  • The Batek of Malaysia

    1536 Words  | 4 Pages

    Endicott, E., & Lampell, K. (1984). The Batek De’of Malaysia. Women in the Changing World. Retrieved from hhpt://culturalsurvival.org/publications/cultural-survival-quarterly/Malaysia/batek-de-malaysia.

    Read More

  • False Consciousness: Perspectives of Althusser and Tan

    777 Words  | 2 Pages

    If Tan were to examine Althusser’s argument, he would not agree that ‘ideology has a material existence’ (Ferretter, 2006). For Althusser, ideology is accompanied by actions and it is evident through rituals and practices. He claims that these practices of a person would give rise to his or her beliefs, and that ideology exists in apparatuses. Hence, ‘it is because of the Ideological State Apparatuses that we hold certain beliefs’ (Ferretter, 2006). As oppose to Althusser, Tan’s critic of Singapore’s culture industry highlights his point of view that ideology is materialized through ideas rather than actions. He argues that the ‘ideological division of Singaporeans into cosmopolitans and heartlanders’ (Tan, 2008) is a disguise by the PAP government to assert control. They do so by crafting new policies in the name of its citizens. For example, censorship is a hotly debated issue in Singapore and the government has restricted contents, which they deem unsuitable, from reaching the public’s eye. This is done in the name of the heartlanders, who are traditional and conservative. As such, this reiterates Tan’s argument that the ideology of the government is manifested within an idea of exercising their power in a subtle way, in contrast to Althusser’s thesis that ideology is followed by rituals and practices. Tan’s theory is more hopeful in comparison to Althusser, who focuses his arguments on the hypothesis that ‘ideas are not the property of individual subjects but the results of the situation of those subjects, in class society, within a set of ISAs (Ferretter,

    Read More

  • The Future Of Currency

    3255 Words  | 7 Pages

    World War 2 drew a hard blow and left a serious and lasting effect to many Asian countries. This however, did not hamper the growth of countries such as China, Japan and Vietnam as their governments were taking serious steps to recover economically. Thus, the global market cannot deny a place for these 'Asian Dragons', because these countries are growing at a tremendous pace to the extent of being capable in emerging as global market leaders.

    Read More

  • Gender Roles In Southeast Asia

    1009 Words  | 3 Pages

    Manufacturing and services are becoming more important. . Newly industrialised countries include Indonesia, Malaysia, Thailand, and the Philippines, while Singapore and Brunei are affluent developed economies. Industrialization and urbanization have shaped the role of gender in Southeast Asia. In Thailand, women migrant workers in big cities challenged the old family dynamics. Daughters are now leaving home, having failed to fulfill their obligation of taking care of their parents and the independence of daughters’ income in the urban areas tend to weaken the parents’ control and authority over their daughters (Mills, 1999). The same situation was found with regard to Malaysian women working in the factories (Ong, 2010; Wolf, 1992). In Java, Diane Lauren Wolf studied the dynamics of gender in domestic life during the period of strong industrialisation in rural Indonesia in the last decades of the 20th century. She focuses on the dynamics of

    Read More

  • Foreign Trade with China

    2820 Words  | 6 Pages

    From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.

    Read More

  • Singapore And Singapore: A Comparative Advantages Of Singapore

    1143 Words  | 3 Pages

    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,

    Read More

  • Women in the Workforce

    1494 Words  | 3 Pages

    ...." Women, Men and Development. March 2004: 1-27. SIRS Government Reporter. Web. 11 Mar. 2014.

    Read More

  • The Third Runway in Hong Kong International Airport (HKIA) is Essential

    904 Words  | 2 Pages

    Sassen, S. "The Global City: introducing a Concept." Brown Journal of World Affairs. 11.2 (2005): 40. Print.

    Read More

  • Economy of Singapore

    1064 Words  | 3 Pages

    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.

    Read More

  • The Country of Singapore

    1415 Words  | 3 Pages

    Tremewan, C. (1994). The political economy of social control in Singapore. New York: St. Martin's Press.

    Read More

  • Factors That Contribute To Economic Growth

    1280 Words  | 3 Pages

    In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.

    Read More

  • Public Housing Living In Singapore Case Study

    1143 Words  | 3 Pages

    This thesis is to understand and study the public housing system that has been sustaining in Singapore. Singapore is one of the country that has suffered from Housing crisis in the past, however, now they have 90% home ownership. “In 1960, the Housing and Development Board (HDB) was set up to solving the nation’s housing crisis, and important goal of the HDB was also to push home ownership in order to foster a stronger sense of Singapore as the home country.” (HDB, s.d.). Within this thesis the argument about how the public housing in Singapore differs from other

    Read More

  • The Debate Over Internet Censorship

    1546 Words  | 4 Pages

    In conclusion, it is my belief that there is a bright future for Singapore and every other country that allows the freedom of choice for their people. After all it is the people that make a nation, not the governing-few. The governing-few work for us, we do not work for them. And in reality, that is not only true for countries, but states, cities, companies, and industries.

    Read More

  • Special Education vs Inclusive Education

    893 Words  | 2 Pages

    Wee, L. (2010). ‘Burdens’ and ‘handicaps’ in Singapore’s language policy: on the limits of language management, Language Policy (9), 97-114

    Read More

More about Trade in Singapore

Open Document