Singapore Singapore country analysis Singapore has a

Singapore

Singapore: country analysis Singapore has a business friendly environment, its pro-business policies are expected to continue to attract foreign investors and business entrepreneurs. • № 1 rank in World’s bank 2011 Doing business report • № 2 rank in Wall Street Journal’s 2011 Index of Economic Freedom • Low level of corruption • Low corporation tax rates 2

Singapore: country analysis Singapore is an export-oriented economy. Overreliance on external trade might be a future challenge, due to possible decrease in demand. Global economic crisis 2009 had a drastic effect on Singapore’s GDP 3 Source: Data Monitor country analysis

Singapore: country analysis Singapore has one of the highest standards of living in the world, one of the highest GDP per capita, but it suffers from high degree of income disparity. GINNI Coefficient comparison, 2009 4 Source: CIA World Factbook 2009

Singapore: country analysis Singapore will face the problem of aging population, and government expenditure on social welfare will have to increase dramatically. Old-Age Support Ratio 5 Source: Singstat

Singapore: country analysis Singapore will face competition from emerging nations as developing countries tend to increase government expenditure on R&D while cost of labor remains low. Expenditures on R&D in developing countries and Singapore Rank country/region expenditures on R&D(billions US$) % of GDP Year …. . 296. 80 1. 97% 36. 10 0. 9% 19. 40 0. 9% 19. 0 2. 3% 6. 300 2. 2% 2 China …. . 8 India …. . 11 Brazil …. . 13 Taiwan …. . 26 Singapore 2011 2011 6 Source: http: //royalsociety. org

Singapore: country analysis Banking services, pharmaceuticals, oil refining, chemicals and electronic products are the most profitable industries for FDI in Singapore. 7 Source: Singstat

Singapore: country analysis Singapore is a multinational country , where Chinese individuals account for 74 % its population. Racial tensions remain high, and business in the country could be affected. 8 Source: Singstat

Singapore: country analysis Singapore will have to overcome the problem of land shortage. 9 SOURCE: CIA World Factbook 2012

Singapore: country analysis Singapore high economic performance remains stable over the past 20 years. 10 SOURCE: Heritage, Index of Economic Freedom