Economic Environment of Singapore

International Marketing 560 Economic Environment of capital of capital of Singapore Laura L. Erwin-Hall October 12, 2007 Home to about 4.48 one million million million people (based on the last census in 2005 re sorted in 2006), Singapore is the fourth most dumbly populated country in the world and has one of the highest per capita vulgar domestic products in the world.1 The employment score is 2.40 million (June 2006), with unemployment at an all-time low at only 2.5 percent. The task force consists of mainly manufacturing, transportation and communication, construction, and financial, business, and other services. Singapore is pitchly, prosperous, and modern. tally to Richard H.K. Vietor, a Harvard Business School professor, Singapore, along with China and India argon best positioned to take advantage of a global economy. Singapore is labeled the most developed state in southeasterly Asia. Hard work, incredibly efficient institutions, and great leadership cod made Singapore rich.2 Most people live(a) in high-rise apartment complexes and due to the high tax income on owning their own vehicles, most commute to work on public transportation systems. The dominant ethnic groups atomic number 18 the Chinese, Malays, and Indians The literacy rate of Singapore stands at 95 percent.

3 Every manly citizen is obligated at age 18 to fulfill multitude commitment and are required to complete reserve readjustment and attend refresher trainings approximately once per year until they are 35 to 40 years of age. Since the ethnicity of Singapore is so varied, at that place are many languages spoken in Singapore, but the organization recognizes four official languages: face, Malay, Mandarin, and Tamil. The national language is Malay, but English is used as the main business language. English was brought to Singapore by the British in 1819 when the British had a port and later a colony on the Island. When Singapore became free in 1965, the government decided to keep English as the business language.... If you want to get a full essay, order it on our website: Orderessay

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