Abstract
Singapore is becoming the second financial place in Asia and the fourth in the world. Moreover, it is the first port in the world with a flow of raw materials and merchandise in transit.
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Thanks to such a business environment and the status of a global city, the City-State of Singapore is becoming in 2019 the most competitive economy in the world, only 54 years after its independence.
Extract
[...] According to the World Economic Forum Index, Singapore ranks 124th on the Freedom of the Press Index. 1.6 Environmental Singapore has few natural resources. Despite a very strong urbanization (with more than 400 skyscrapers), it has a luxuriant vegetation in its city center with many green areas. In addition, the western part of the island has remained virgin and is a natural area, ideal for capturing fresh water. The State has implemented a very effective policy (called "New Water") in terms of water supply and reprocessing and recycling of wastewater, In addition, owning a car is very expensive (two to three times more expensive than in Europe) because of the high level of the import taxes on this good. [...]
[...] Global Cities: The Primary Nodes in the Global Economic Network - Strategic PESTLE Analysis on Singapore Name: Global cities are the primary nodes in the global economic network; SINGAPORE Table of contents Summary Introduction 1. Strategic PESTLE Analysis on Singapore 1.1 Political 1.2 Economic 1.3 Social 1.4 Technological 1.5 Legal 1.6 Environmental Conclusion References Summary We show that Singapore is a global city because of its location in the heart of the South-East Asian, as a regional hub on the sea route between Asian countries (China, Japan, South Korea), India, Australia, Middle East and Europe. [...]
[...] It is a very open economy that occupies a strategic place in international trade and finance linking Asia, the Middle East and Europe. Its economy is based on banking and financial services. It is the fourth largest financial center in the world, and the second largest in Asia (notably concerning the FOREX market), after Japan banks operate in Singapore. It has two sovereign funds: Temasek Holdings since 1974 and GIC Private Limited since 1981. In addition, it is one of the largest commercial and maritime places in the world. [...]
[...] Some human progress is necessary in such topics and at the political side to obtain a model of participative democracy. Finally, Singapore needs to face new challenges, such as a more equal society, notably for the low-income groups, or the demographic change induced by the population ageing. An alternative approach could be necessary for the future Singapore economy by taking into account the durable development challenges. [...]
[...] Its port is the first in the world, in terms of export and maritime traffic. It has an important sector in shipyards and in petroleum refining (it ranks as the world's third-largest refiner). Finally, its electronics industry is one of the most dynamic in the world, just like the armaments sector because of public spending in the area. Singapore is also a tourist destination with over 17 million visitors in 2017. Singapore is one of the founding members of the Association of Southeast Asian Nations (ASEAN) in August 1967 and leading countries of the Association for Asia-Pacific Economic Cooperation (APEC), which includes 10 States. [...]
