Singapore Economic Development
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About economic development Singapore
Singapore economic development focuses highly on manufacturing industry. Singapore’s national government is anxious to preserve it from possible threats like hollowing out as has happened in Hong Kong. In last twenty years, Singapore has increased scope of tertiary education for accentuating economic progress.
About economic development Singapore
Singapore economic development focuses highly on manufacturing industry. Singapore’s national government is anxious to preserve it from possible threats like hollowing out as has happened in Hong Kong. In last twenty years, Singapore has increased scope of tertiary education for accentuating economic progress.
Singapore has also fostered construction and maintenance of science themed parks. There are several stages of development in economic history of Singapore, where certain strategies have been adopted in order to look after peculiar economic issues as well as to maximize those opportunities that have presented themselves at that point in time.
Importance of governmental authorities in economic development of Singapore
As per noted economists, Singapore’s governmental authorities have an important role to play in economic development of this country. They feel that politicians should be working hard for economic uplifting of Singapore.
Important areas of Singapore’s economic development
There are certain areas that are extremely important as far as economic development of Singapore is concerned. As far as leading economists are concerned, offshore financial market and domestic financial system of Singapore are areas for national government to focus on.
Singapore’s economic development in 2007
According to official proclamation of Ministry of Trade and Industry Singapore, this country has recorded impressive growth statistics in last couple of fiscals. For example, gross national income of Singapore was SG $51,100, which is an impressive figure.
Singapore Economic Development Board
Singapore Economic Development Board is a leading name in context of economic development of this South East Asian country. It is responsible for promoting investments that have high value and are likely to boost Singapore’s economy. Its areas of focus include a few industries like manufacturing, exportable services and manufacturing services.
Singapore Economic Development Board works in close conjunction with corporate investors in order to bring about groundbreaking solutions that are in accordance with requirements of corporate clients. This body also works hard to update plans that have been formulated for ensuring economic benefit of Singapore over longer periods of time. These plans are also created to keep Singapore abreast with latest developments in world of industry and business.
