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

Economics of Development: Country Singapore - Research Paper Example

Cite this document
Summary
Much of these transformations had a lot to do with the development of trade and manufacturing. This is without forgetting the financial sector where the intention was to come up…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Economics of Development: Country Singapore
Read Text Preview

Extract of sample "Economics of Development: Country Singapore"

Download file to see previous pages

In this study, I intend to evaluate the case of political economy of development in Singapore and examine the role of cold war tensions, the state and various economic institutions. In additions to examining this institution, I would also like to examine how these variables have contributed towards the attainment of favorable growth rates and economic prosperity. The rapid growth rates in Singapore can be attributed to the various economic and political factors such as the role of the state, extended cold wars between states and countries and effect of the international environment.

What we expect is that, at the end of an influential cold war there will be many changes in the international environment which may end leading to huge effects related to globalization in production. Singapore is a unique city state without a rural population (Shatkin, 2014). The implication is that it will be difficult to examine the relationship between secondary and primary sector or the difference in the situation between rural and urban sector, which are important prerequisites in the study of the performance of an economy.

The history of political economy of development in Singapore can be traced back in 1862 where at this time Singapore acted as an imperialist interest promoter as well as a distribution centre. During this time, the British had a lot of influence on international markets and therefore worked towards seeing to it that there was free flow of goods and that investment and international trade moved on smoothly. During this time, Singapore still showed some reliance on the West. This is evident since the country relied on the West’s entrepot trade and their strategic harbor.

The country used this link to unite with countries in South East Asia. The success of this project can also be attributed to the powers by the Europeans that promoted the supply of the required raw

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics of Development: Country Singapore Research Paper”, n.d.)
Economics of Development: Country Singapore Research Paper. Retrieved from https://studentshare.org/miscellaneous/1630934-economics-of-development-country-singapore
(Economics of Development: Country Singapore Research Paper)
Economics of Development: Country Singapore Research Paper. https://studentshare.org/miscellaneous/1630934-economics-of-development-country-singapore.
“Economics of Development: Country Singapore Research Paper”, n.d. https://studentshare.org/miscellaneous/1630934-economics-of-development-country-singapore.
  • Cited: 0 times

CHECK THESE SAMPLES OF Economics of Development: Country Singapore

Political World Leaders of World War II

The paper tells that both leaders have left significant different memories, one of which is the unforgettable holocaust initiated by Fuhrer Adolf Hitler and a successful giant leap of economic redemption of singapore from a Third World country to become another Asian Tiger country within the three decades of Lee Kuan Yew's rule.... Adolf Hitler who was the reason for the outbreak of World War II and Lee Kuan Yew who transformed singapore from a Third World country to another Asian Tiger country, have been chosen and juxtaposed to learn the similarities and contrasts of their qualities and styles as leaders as well as how their reigns brought impact to the world....
6 Pages (1500 words) Research Paper

The Impact of the Singaporean Culture on Starting a New Business

The impact of the Singaporean Culture on starting a new business singapore is amongst the fastest growing nations in Asia and has a very healthy economy.... “singapore has a free trade policy where most of the goods except certain items like fish, medicines, cosmetics, arms, coffee and animals and birds among others can be imported without any quota restrictions” (Moveandstay.... Two socio-cultural factors that have an impact on their desirability are the value of innovativeness and the entrepreneurs' social status, which indicates that the socio-cultural environment of singapore favors entrepreneurship....
3 Pages (750 words) Research Paper

Economic Policy and Global Environment

Over the span of the last decade, singapore's economy has shown growth at an average rate of 5 percent per annum (Ministry Of Manpower, 2013).... The broad range of the citizens of singapore also enjoyed the benefits of increasing real wage rate.... The government of singapore has a sound finance system.... Unlike those other governments, singapore does not face the threat of deep slashes in public expenditure or raising tax rates as an aftermath of the financial crisis....
6 Pages (1500 words) Assignment

Economic for Business: Monopoly and Oligopoly

This study will explore the issues in economics and will focus on the article of Sloman and Sutcliffe entitled Economic for Business.... The article explores two main issues in economy particularly in political economy and these are monopoly and oligopoly.... According to the study Monopoly is a market situation characterized by: 1....
7 Pages (1750 words) Essay

Summary on Review of Literature

Several important studies have been conducted on the issue of Government intervention in relation to singapore's SMEs survivability during the recession.... According to the release from the singapore's Prime Minister's Office, most of the categories of singapore's SMEs… This has been a disturbing scenario for this small Asian country as Bjerke (1998) strongly believed that SMEs are considered to be the backbone of Some Discussion of the Relevant Literature Several important studies have been conducted on the issue of Government intervention inrelation to singapore's SMEs survivability during the recession....
2 Pages (500 words) Essay

Importance of global trade in Singapore

This is in the interest of understanding more the effect singapore has on the global trade.... This is in regard to the world's economy dynamics and strong competition from other countries when it comes… According to the financial freedom 2013 index report, singapore was ranked second out of 41 countries in the Asia-Pacific (Financial Development Report, 2012.... singapore is among the top four financial centers in the world and forms the largest corporate banking Importance of global trade in singapore affiliation Global trade in singapore Key term The key term for this paper is ‘the importance of global trade in singapore....
2 Pages (500 words) Essay

The Singapore's Economic Model

This essay "The singapore's Economic Model" is focused on the history and economic situation of singapore.... It is stated that at a time when singapore gained independence, it was a poor and a small country, which had to import even building sand and fresh water.... nbsp;… Countries neighboring with singapore were set unfriendly.... While singapore cannot take a certain place in the international market such as Hong Kong, which relied on the support of the Bank of England....
4 Pages (1000 words) Essay

Singaporean Economy in Recent Years

The economy heavily depends on elements of foreign trade in port activities and exports of components of… singapore is a leading foreign direct investment recipient because of its status.... singapore has more relevance as a financial center through its The paper "Singaporean Economy in Recent Years" is a great example of an assignment macro and microeconomics.... singapore is a leading foreign direct investment recipient because of its status....
3 Pages (750 words) Assignment
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