Singapore MACRO environment
Singapore Macro-environment
PESTLE Analysis
Political
Singapore is relatively unique in terms of its political environment. There are very few opposition parties, and the main political group is the People’s Action Party (PAP) that governs Singapore since it achieved its independence in 1965.
Singapore, under the leadership of the PAP, possesses a distinct political culture: authoritarian, pragmatic, rational and legalistic. Singapore’s power structure is highly centralised, regarded as a top-down style. Although elections are being held often, the offices are mostly assigned instead of elected. Economic growth and political stability were maintained by the paternal guidance of the PAP. Therefore, Singapore is not administered by politicians, but by bureaucrats, in a meritocracy where power is gained through skill, performance, and loyalty to the nation and its policies.
Dominance of government-controlled companies exists in the local economy. However, in spite of its powerful position, the Singapore government has maintained a clean, corruption-free image. Conflicts within the leadership in Singapore are rare. The mode of decision making is by consensus, and the leadership style is collective.
The formal Head of State of the Republic of Singapore is the President. The current President, Tony Tan Keng Yan, sworn in on 1 September 2011. The Prime Minister and Head of Government is Lee Hsien Loong, who was sworn in on 12 August 2004.
The independent business of the Economist Group, Economist Intelligent Unit, classified Singapore as a Hybrid country for adapting a mixture of bureaucracy and democracy. The U.S.-based non-governmental organisation Freedom House, ranked Singapore as “partly-free.” Some people considered Singapore government to be social democratic that pay attention to the opinion and feedback on policies and lawmaking process instead of purely according to the will of government. However, some of the policies consist
PESTLE Analysis
Political
Singapore is relatively unique in terms of its political environment. There are very few opposition parties, and the main political group is the People’s Action Party (PAP) that governs Singapore since it achieved its independence in 1965.
Singapore, under the leadership of the PAP, possesses a distinct political culture: authoritarian, pragmatic, rational and legalistic. Singapore’s power structure is highly centralised, regarded as a top-down style. Although elections are being held often, the offices are mostly assigned instead of elected. Economic growth and political stability were maintained by the paternal guidance of the PAP. Therefore, Singapore is not administered by politicians, but by bureaucrats, in a meritocracy where power is gained through skill, performance, and loyalty to the nation and its policies.
Dominance of government-controlled companies exists in the local economy. However, in spite of its powerful position, the Singapore government has maintained a clean, corruption-free image. Conflicts within the leadership in Singapore are rare. The mode of decision making is by consensus, and the leadership style is collective.
The formal Head of State of the Republic of Singapore is the President. The current President, Tony Tan Keng Yan, sworn in on 1 September 2011. The Prime Minister and Head of Government is Lee Hsien Loong, who was sworn in on 12 August 2004.
The independent business of the Economist Group, Economist Intelligent Unit, classified Singapore as a Hybrid country for adapting a mixture of bureaucracy and democracy. The U.S.-based non-governmental organisation Freedom House, ranked Singapore as “partly-free.” Some people considered Singapore government to be social democratic that pay attention to the opinion and feedback on policies and lawmaking process instead of purely according to the will of government. However, some of the policies consist