Singapore-The Problem of Plenty
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Case Code: ECOA101 Case Length: 20 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : Various Countries : Singapore, Asia Pacific Themes: - |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
Economic Policies
Manufacturing, dominated by electronics, chemicals (including oil refining) and information technology-related products, accounted for 24% of Singapore's GDP in 2002. Multinational companies accounted for 84% of new investment commitments...
Financial System
Singapore had made various efforts to liberalize the financial sector. MAS (Monetary Authority of Singapore), an inflexible institution till the early 1990s and famous for its tight regulations, had been revamped and a more pro-business team of executives brought in...
Infrastructure
Most international experts opined that Singapore had a world-class infrastructure that could be compared with any of the developed nations in the West. The country's information technology and telecommunications infrastructure was particularly well developed...
Foreign Trade
A small country, with a very limited domestic market, Singapore was heavily dependent on external trade. Trade accounted for more than two and a half times the country's GDP in 2001...
Foreign Investments
Attracting foreign investment into the country had been an important point in the government's agenda since independence in 1965. Consequently, the country's legal framework and public policies had always been foreign investor friendly...
Human Resources
Since the 1960s, Singapore had attached great importance to the training and development of technical manpower. In 1967, the Science Council of Singapore (SCS) was set up to promote scientific and technological activities...
The Agenda Ahead
Singapore's Confucian values that emphasized savings, discipline and hard work had stood the country in good stead as it had rapidly evolved from a Third World country into one of the richest nations in the world. But, these values were being challenged, as Singaporeans were exposed to western thoughts and ideas especially in the wake of the Internet revolution...
Exhibits
Exhibit I: Singapore: Macro Economic Indicators
Exhibit II: Singapore: R&D Profile
Exhibit III: Singapore: International Trade Profile
Exhibit IV: Investment Incentives from 2000
Exhibit V: Major Foreign Investments after 2000
Exhibit VI: Overview of some important industries in Singapore
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