Singapore has continued to establish itself within the international community as an internationally viable economy worthy of both respect and recognition. This has a lot to do with the manner in which Singapore has very wisely chosen to design both their political and economic infrastructures. The geographic location of Singapore has also aided with the rapid rise in both development and standard of living within the city-state. A prime location for international trade within and around the Southeast Asian region, Singapore has taken the opportunities provided by such a location and maximized the benefits to the population and national economy.
A brief look at the history of Singapore reveals that the nation has consistently established itself as a center of trade and, perhaps more importantly, an entry point to the entire Southeast Asian region for vast amounts of trade and commerce. (Wong 1981, 434) After the colonization by the British and the ensuing Japanese occupation during World War II, is when the city began to truly make a name for itself as its own true entity. In the aftermath of its separation from the Malaysian conglomerate that became comprised a large portion of the peninsula, Singapore became its own independently governed entity. The steps which followed were the ones that put Singapore squarely on the track to the position it currently holds as one of the wealthiest and most successful nations on the continent.
The governing authorities in Singapore at first attempted to establish an ISI (import-substitution industrialization) policy within the nation. ISI policies are structured in order to attempt to protect the industries within a given nation by... [continues]
Cite This Essay
(2007, 04). The Development of Singapore. StudyMode.com. Retrieved 04, 2007, from http://www.studymode.com/essays/Development-Singapore-113693.html
"The Development of Singapore" StudyMode.com. 04 2007. 04 2007 <http://www.studymode.com/essays/Development-Singapore-113693.html>.
"The Development of Singapore." StudyMode.com. 04, 2007. Accessed 04, 2007. http://www.studymode.com/essays/Development-Singapore-113693.html.