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How did rubber and tin in the Malay States affect the Singapore economy in its global dimensions?
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How did rubber and tin in the Malay States affect the Singapore economy in its global dimensions? Singapore thrives on its strategic geographical location where lying at the crossroads of main shipping lines, it is one crucial factor that turned it into one of the world's greatest commercial centre. Other contributory factors such as a strong and stable government, good infrastructure and a transparent legal system could perhaps be traced back to the development of the tin and rubber industry in the Malay States during the 1870s and the l900s. The advantageous position of Singapore fully capitalized by the two proliferating industries thus marked the beginning in its gradual transformation into the global trading power that it is today. Singapore's emergence as a staple port began with tin. Tin was Singapore's main import during the period 1874 and 1896. The demand for tin took off as a result of two product innovations:...
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