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Impacts of globalization on the Singaporean economy
Member rating: No Rating | Words: | Submitted: Fri Jan 28 2005
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Impacts of globalization on the Singaporean economy Singapore consists of the island of Singapore and number of few tiny islands. It is located just north of the equator off the southern tip of Malaysia. Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and one of the highest per capita GDPs in the world. Since 1959, Singapore has been governed by the People's Action Party (P.A.P), and from 1990 up to now, the prime minister has been Lee Kuan Yew. In 1960 to 1992, Singapore has one of the fastest economic growth, and therefore is often referred to by economists as one of Asia's "Four Tigers," along with Hong Kong, South Korea, and Taiwan. In 1994 the GDP was estimated at US$75 billion, or $25,600 per capita, among the highest per capita GDP in the world. Singapore is an economy characterised by...
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