StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Country analysis ( Singapore) - Research Paper Example

Cite this document
Summary
Country Analysis (Singapore) Author Institution Abstract Singapore can be categorized as a hi-tech, wealthy city state located in South-East Asia. Singapore possesses the reputation for the conservatism depicted by its leaders and its strict social controls…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Country analysis ( Singapore)
Read Text Preview

Extract of sample "Country analysis ( Singapore)"

Download file to see previous pages

Nevertheless, the country is criticized for running a system that churns out punishments for acts perceived to be anti-social; however, the country’s use of capital punishment that is applied mainly for drug trafficking offences hailed for stopping the growth of narcotics syndicates. A. Introduction to Country Analysis Singapore uses Singaporean Dollar (SGD) and has a total area of about 714 sq km. According to Singapore Department of Statistics, the 2009 population estimates stood at 5.18million (comprising of 3.

26 citizens 0.53 million permanent residents 1.39million other foreign residents) with the population density revolving around 6671.7 sq km. Singapore government represents republic and parliamentary democracy with the official Singaporean languages include Mandarin, English, Malay, and Tamil. The major religions in Singapore include Buddhism (33%), Christian (11%), Taoism (11%), Catholicism (7%), Islam (15%), Hinduism (5%), other religions 1%, and no religion at17% (Jancloes-Schneider, 2012).

Chinese make up the bulk of Singapore population (more than 75%) while Malays (13%) and Indians (9%) make up the rest. Singapore has also a significant composition of foreign workers. This diversity has translated into a distinct mix of religions, languages, cuisines, and cultural traditions. The successful integration of these elements has fashioned stable, accommodative relations depicted by mutual respect and that promotes social cohesion (World Trade Organization, 2000). Although Singapore is predominantly a multi-party nation, the People’s Action Party has dominated the political scene since independence from Malaysia in 1965.

Singapore’s vibrant economy remains largely propelled by financial services and electronics industry (Parker, 2012). B. Economic Indicators Singapore possesses a developed market-based economy that has historically centered on extended entrepot trade. Singapore GDP (constant prices, National Currency) in 2010 stood at SGD 284.561 billion (and US $238.2 billion in 2011) while GDP (current prices, US dollars) in 2010 stood at US $222.699 billion. As per 2010, Singapore GDP growth ranged around 14.

471% while GDP (PPP) in 2010 stood at US $291.937 billion (GDP PPP was US $327.557 billion in 2011) (Healy Consultants,2012). Singapore’s GDP per capita (constant prices, National currency) in 2010 stood at SGD 55, 093.67 while GDP per capita (current prices, National currency) in 2010 stood at SGD 58,790. 97. In 2011, the GDP per capita stood at SGD 63,050, which amounted to US $50,123 (Jancloes-Schneider, 2012). The inflation rate in 2010 stood at 2.823% while, in 2011, the inflation rate stood at 5.

2% and is estimated to be 3.5% in 2012. Unemployment rate in Singapore decreased to about 1.9% within the third quarter of 2012 right from 2% registered in the 2nd quarter of 2012. In 2011, Singapore enjoyed an annual growth of around 5.2% with the benchmark interest rate last recorded by the Monetary Authority of Singapore standing at 0.1%. After an outstanding rebound in 2010, the Singapore economy slowed down a bit in 2011 owing to tighter economic policies and the slowdown witnessed in international trade (Jancloes-Schneider, 2012). C. Main exports and Imports Singapore’s geostrategic location, plus its developed port facilities means that a significant volume of Singapore’s merchandise exports involves entrepot trade with close to 47% of exports comprising of re-exports.

The total value of exports in Singapore in 2010 stood at

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Country analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Country analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/macro-microeconomics/1464783-country-analysis-singapore
(Country Analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 Words)
Country Analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/macro-microeconomics/1464783-country-analysis-singapore.
“Country Analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1464783-country-analysis-singapore.
  • Cited: 0 times

CHECK THESE SAMPLES OF Country analysis ( Singapore)

Singapore - Recruitment and selection

Section 1 Starbucks is Fortune 500 Company that operates in singapore.... hellip; A closer analysis of the advertisement for the position of Store Manager at Starbucks in singapore shows that the structure and content of the advertisement are not very different from those in America.... Starbucks America and singapore are not very different since they have the same vision and they operate using the same business principles and models.... There are different recruitment firms and agencies in singapore and they use their websites to headhunt for talented employees for different placements....
4 Pages (1000 words) Assignment

History of Financial Regulatory System in Australia and Singapore

hellip; Besides the structure and functions of the financial regulatory system in Australia and singapore it discusses the disclosure and corporate governance in both the countries.... The paper also brings forth the evolution of financial markets in Australia and singapore.... After thorough study of sources like International Monetary Fund's report on Australia's and singapore's financial system, the report of Monetary Authority of singapore (2006), Perkins, J....
11 Pages (2750 words) Essay

Disparity in Economic Growth and Development between Singapore and Kenya

singapore is classified as an industrialized nation, and categorized as one with a rapidly growing economy (Blomqvist, 2005).... What has created the great disparities in their level of economic growth and development in the present day In two chapters, the paper examines what hindered Kenya's progress and what helped singapore in building itself into a success story.... Chapter one examines Kenya's shortcomings in its bid for development and economic growth while chapter two analyses what earmarks singapore's success....
16 Pages (4000 words) Case Study

The Potential for Energy Savings Firms in Singapore

This essay demonstrates that singapore is country leading the world in its highly efficient energy systems.... With liberalized electricity markets singapore offers competitive and affordable prices for energy for its citizens.... singapore has gone a long way from being a small British trade post-island.... hellip; This essay discusses that the singapore's energy system is largely based on imported oil and natural gas.... In order to sustain their economic growth and support civilization, singapore must take serious consideration of their energy sector and should have a clear view on energy security....
15 Pages (3750 words) Essay

Global Business Cultural Analysis: Singapore

This Business paper utilizes the opportunity to take a deep look into the Global Business Cultural Analysis of singapore.... hellip; The Port of singapore has a strategic location and therefore, is the busiest in the world.... In addition, the skilled workforce of singapore along with its port infrastructure signifies the easy access to importing and exporting business.... This shows that singapore is a land of opportunities waiting to be availed by the west....
7 Pages (1750 words) Research Paper

Global Business Cultural Analysis: Case of Singapore

singapore is a rising economic powerhouse in Southeast Asia, with a vibrant mix of ethnic cultures, in addition to a tremendous business climate that is increasingly attracting the interest of global partners throughout the world.... In addition, singapore has a Besides the business aspect, singapore benefits from a relatively stable, albeit extremely hot, climate, numerous leisure and entertainment options, world class health care facilities, and internationally renowned and recognized educational institutions and opportunities (Ong & Serwe, 2013)....
24 Pages (6000 words) Research Paper

Analysis of Singapores Open Cross-Border Transaction Conditions

This paper overviews singapore's open cross-border transaction conditions and explains in detail the effect of corporations and government on the development of this economy.... In the essence of singapore global business strategy, dependence on trade relations creates the core of its economy.... In general, singapore has one of the highest trade to GDP ratio in the world and relies heavily on imported goods like food, energy, and industrial raw materials (Selvam, 2003, p....
8 Pages (2000 words) Literature review

Private Education Institutions in Singapore in the Past Five Years

… The paper "Private Education Institutions in singapore in the Past Five Years" is a wonderful example of a dissertation on education.... The paper "Private Education Institutions in singapore in the Past Five Years" is a wonderful example of a dissertation on education.... Thus in this dissertation, the author takes a descriptive approach to explore factors that influence foreign students in their decisions to pursue foreign education in private institutions in singapore....
35 Pages (8750 words) Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us