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Discuss the socio-economic impacts of globalization on Singapore.  

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MNCs & Industrialisation in Singapore 1a. Why is Singapore attractive as a location for new factories owned by foreign companies This is because firstly Singapore have exceptional infrastructure in communication and transportation. Singapore has the world's busiest port with efficient cargo and container handling and the airport Changi International Airport has the most air-links in the Asia-Pacific region. Singapore has a strategic location together with its state-of-the-art communication facilities. This thus enables MNCs to conduct their business transaction from Singapore to any county in the world with great efficiency. Singapore is also close to the expanding Asia-Pacific markets, for example Malaysia, thus this would attract MNCs to Singapore to set up their headquarters here before venturing into this new markets. Also Singapore has many industrial facilities and specialised parks. They have also served to attract MNCs to Singapore. For instance, the international Business Park and Changi Business Park have...

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