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Topic: Economy of Singapore

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	Economy of Singapore - Wikipedia, the free encyclopedia
		The Economy of Singapore is a highly developed and successful free market economy in which the state plays a major role.
		Singapore could thus be said to rely on an extended concept of entrepot trade, by purchasing raw goods and refining them for re-export, such as in the wafer fabrication industry and oil refining.
		In addition, Singapore's port infrastructure and skilled workforce, which is due to the success of the country's education policy in producing skilled workers, is also fundamental in this aspect as they provide easier access to markets for both importing and exporting, and also provide the skill(s) needed to refine imports into exports.
	en.wikipedia.org /wiki/Economy_of_Singapore (1802 words)

	Singapore economy 'to remain sluggish'
		For the whole year, Singapore's economy grew by 2.2 per cent, after a 2 per cent contraction in 2001.
		Singapore's central bank said it expected the economy "to remain sluggish" in the first half of this year, with a firmer recovery after that, if the global economy and electronics industry strengthen.
		Singapore emerged from its worst recession since 1964 in the second quarter of last year but global electronics demand - which accounts for over half of its non-oil exports - faltered in the third quarter and the Bali bombing in October further dented sentiment.
	www.singapore-window.org /sw03/030103ft.htm (335 words)

	CNN.com - Singapore's economy rebounds - Nov. 16, 2003
		Singapore's GDP forecast for 2004 is 3 to 5 percent.
		Singapore's economy grew much faster than originally estimated between July and September, expanding at an annual rate of 17.3 percent on a rebound from the SARS outbreak and a recovery in the global economy, the government says.
		Singapore suffered its worst contraction on record in the June quarter, when the economy shrank at an annualised rate of 9.8 percent -- revised Monday from a previous estimate of 11.4 percent -- as tourists shunned the city-state due to the deadly Severe Acute Respiratory Syndrome (SARS) outbreak.
	edition.cnn.com /2003/BUSINESS/11/16/singapore.economy.reut (421 words)

	Economy of Singapore
		The economy picked up after the 1997 regional financial crisis, with a growth rate of 9.4% for 2000, but then fell back in tandem with the economic slowdown in the United States, Japan, and the European Union (EU), as well as the worldwide electronics slump, so that GDP shrank by 2.4% in 2001.
		Malaysia was Singapore's main import source, as well as its largest export market, absorbing 15% of Singapore's exports, with the United States falling behind to 12%, from 15% in 2002.
		Singapore, a highly-developed and successful free-market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP equal to that of the four largest West European countries.
	infotut.com /geography/Singapore/Economy (2294 words)

	Singapore Economy
		The economy picked up after the 1997 regional financial crisis, with a growth rate of 9.4% for 2000, but then fell back in tandem with the economic slowdown in the United States, Japan, and the European Union (EU), as well as the worldwide electronics slump, so that GDP fell by 2.4% in 2001.
		The economy is expected to expand by 8%-9% in 2004, driven by the growth in world electronics demand and in the economies of its major trading partners, the U.S., EU, China, and Japan.
		Malaysia was Singapore's main import source, as well as its largest export market, absorbing 16% of Singapore's exports, with the United States falling behind to 13%, from 15% in 2002.
	www.nationbynation.com /Singapore/Economy.html (889 words)

	Singapore - The Economy
		As one of Asia's four "little dragons" or newly industrializing economies, Singapore along with the Republic of Korea (South Korea), Taiwan, and Hong Kong was characterized by an export-oriented economy, relatively equitable income distribution, trade surpluses with the United States and other developed countries, and a common heritage of Chinese civilization and Confucian values.
		Singapore lived by international trade, as it had since its founding in 1819, and operated as a free port with free markets.
		The economy in the 1980s rested on five major sectors: the regional entrepôt trade; export-oriented manufacturing; petroleum refining and shipping; production of goods and services for the domestic economy; and the provision of specialized services for the international market, such as banking and finance, telecommunications, and tourism.
	countrystudies.us /singapore/27.htm (926 words)

	Singapore - ECONOMY
		Singapore traditionally had a merchandise-trade balance deficit (in part at least because food was imported), which it customarily offset with a surplus on the services account.
		The increasing internationalization of the economy and the continuing centrality of external trade meant that world trade fluctuations and the state of the global economy were significant factors-- largely out of the country's direct control--in what happened to Singapore's trade and wider economy.
		All banks in Singapore were administered by the Monetary Authority of Singapore and were required to hold a statutory minimum cash balance against their deposit and other specified liabilities with the authority.
	www.mongabay.com /reference/country_studies/singapore/ECONOMY.html (13854 words)

	Singapore - Economy - PATTERNS OF DEVELOPMENT
		Although Singapore at first served only as a center for trade and transshipment, by the early twentieth century, primary goods, mainly rubber and tin from the neighboring Malay Peninsula, were being imported for processing.
		Singapore's reliance on multinational corporations of the world to provide the necessary investment meant less dependence on the Southeast Asian region generally and neighboring countries particularly.
		Singapore staggered under a year of negative growth (-1.5 percent), then recovered slightly in 1986 (+1.9 percent).
	countrystudies.us /singapore/28.htm (1078 words)

	BBC News \| The Economy \| Singapore's Asian hangover
		Singapore's economy has contracted for the first time in 13 years and its unemployment levels have nearly doubled.
		Singapore does not suffer from the serious weaknesses - especially in banking regulation - that left countries such as Thailand and South Korea so exposed when there was a loss of confidence in the financial markets.
		That is a critical problem; Singapore is one of the most export dependent economies in the world.
	news.bbc.co.uk /1/hi/business/the_economy/203859.stm (444 words)

	Singapore : Economy
		Singapore: Prentice Hall for Centre for Advanced Studies, NUS 1994.
		Singapore: Singapore University Press for the Monetary Authority of Singapore, 1981.
		Academic exercise - Dept. of Geography, University of Singapore, 1966.
	www.postcolonialweb.org /singapore/resources/sgeconbibl.html (457 words)

	BBC NEWS \| Business \| Singapore economy performing well
		The preliminary figure means Singapore is on course to record growth for 2005 as a whole of 5.7%, beating government forecasts of 5% expansion.
		Singapore has benefited from a recovery in global trade flows and its investment, in recent years, in developing its pharmaceutical and biotechnology industries.
		Singapore is forecasting growth of between 3-5% in 2006, a figure considered on the cautious side by economists.
	news.bbc.co.uk /2/hi/business/4576662.stm (266 words)

	Overview of Singapore Economy
		Singapore is almost a free port as the average tariff is below 0.5%.
		Singapore’s monetary policy is one of a pegged exchange rate.
		Although Singapore’s economy was definitely affected by the regional financial crisis, sound fundamentals have allowed Singapore to escape the worst of the crisis contagion.
	www.gwu.edu /~econasia/singapore.html (467 words)

	Singapore's battered economy show signs of recovery
		Crucially for the island's export-dependent economy, the November fall in electronics narrowed to 24 percent or 4.99 billion dollars, down sharply from the 30.4 percent decline posted the previous month.
		Electronics exports, which account for a major portion of Singapore's non-oil domestic exports, have been squeezed severely by the weak demand for electronics goods globally and the slowdown in the world's major economies, notably the United States.
		A survey of economists by the Monetary Authority of Singapore, the de facto central bank, found the economy was likely to contract 2.7 percent this year and post a 1.7 percent expansion next year.
	www.singapore-window.org /sw01/011223a2.htm (615 words)

	Information on Singapore Government and Economy by InterContinental Singapore (Site not responding. Last check: 2007-10-21)
		The Republic of Singapore has a parliamentary democracy led by President S R Nathan and Prime Minister Mr Lee Hsien Loong.
		Singapore's economy is based on the Japanese model and has grown rapidly over the last two decades.
		The capital city of Singapore occupies the largest part of the island with homes and business premises accounting for half the total land area of 646 square kilometres (252 square miles).
	singapore.intercontinental.com /sinhb/visit_04.html (245 words)

	About Singapore - Economy (Site not responding. Last check: 2007-10-21)
		Singapore's advantageous geographical position contributes to its importance as a world center for commerce and industry.
		Blessed with a natural deep harbour on one of the busiest trade routes between West and East, it has a market economy based on the principle of free enterprise.
		In addition, the Singapore Trade Development Board was set up in 1983 as a trade promotion agency to develop and expand international trade.
	www.regit.com /regitour/spore/about/economy.htm (151 words)

	Economy Of Singapore (Site not responding. Last check: 2007-10-21)
		Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a high per capita GDP.
		If you would like to use this flag of Singapore or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
		If you would like to use this map of Singapore or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
	www.appliedlanguage.com /country_guides/singapore_country_economy.shtml (502 words)

	The Economy of Singapore (Site not responding. Last check: 2007-10-21)
		Singapore has an open economy with strong service and manufacturing sectors and excellent international trading links derived from its entrepot history.
		A slump in global demand for electronics slowed Singapore's export growth in 1996, and as a result, real GDP grew 6.5%, down from 8.9% in 1995.
		Rising labor costs continue to be a threat to Singapore's competitiveness, and the government's strategy to address this problem includes increasing productivity, improving infrastructure, and encouraging higher value-added industries.
	www.postcolonialweb.org /singapore/economics/economy2.html (252 words)

	Singapore Economy back in Expansion Mode
		Following the largest economic contraction in the second quarter (April-June) in its history, the Singapore economy grew at a 15 percent rate in the third quarter.
		Pharmaceuticals and electronics manufacturing led Singapore’s third quarter growth and this is expected to go forward into the fourth quarter.
		Singapore stock shares raced to a 17-month high on Friday as investors greeted the good news affirmatively.
	www.bizasia.com /economy_/iv8cs/singapore_economy_back.htm (383 words)

	Singapore Economy shows Biggest Contraction
		The airwaves have been filled with the quirky news that Singapore was allowing bungee jumping as well as tabletop dancing to be conducted in the country.
		As the Us economy is expected to expand 3.5 percent in the third quarter, that’s good news for Singapore.
		The yearly outlook for Singapore is now that the economy will not grow faster than 0.9 percent this year compared to 2.2 percent in 2002.
	www.bizasia.com /economy_/bj9sj/singapore_economy_shows.htm (486 words)

	Economy - Singapore - Asia
		Because of its phenomenal economic growth since independence in 1965 and the continued robustness of its economy, Singapore is often referred to by economists as one of Asia’s “Four Tigers,” along with Hong Kong, South Korea, and Taiwan.
		In 2000 the gross domestic product (GDP) was estimated at U.S.$92 billion, or $22,960 per capita, among the highest per capita GDPs in the world.
		The economy centers around services, notably financial and business services.
	www.countriesquest.com /asia/singapore/economy.htm (73 words)

	Economy of Singapore
		The Singapore economy grew by a healthy 6.4% in 2005 and a strong 8.7% growth in the previous year.
		The economic activity in Singapore continued to pick up pace and showed strong momentum.
		The improvement is largely due to the better than expected growth in the manufacturing activity.
	www.ocra.com /solutions/singapore_economy.asp (133 words)

	Singapore Economy 2000 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
		Economy - overview: Singapore is blessed with a highly developed and successful free-market economy, a remarkably open and corruption-free business environment, stable prices, and the fifth highest per capita GDP in the world.
		Exports, particularly in electronics and chemicals, and services are the main drivers of the economy.
		As Singapore looks to a future increasingly marked by globalization, the country is positioning itself as the region's financial and high-tech hub.
	www.photius.com /wfb2000/countries/singapore/singapore_economy.html (344 words)

	Singapore Economy - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
		Economy—overview: Singapore has an open economy with strong service and manufacturing sectors and excellent international trading links derived from its entrepot history.
		Extraordinarily strong fundamentals allowed Singapore to weather the effects of the Asian financial crisis better than its neighbors, but the crisis did pull GDP growth down to 1.3% in 1998 from 6% in 1997.
		Rising labor costs and appreciation of the Singapore dollar against its neighbors' currencies continue to be a threat to Singapore's competitiveness.
	www.photius.com /wfb1999/singapore/singapore_economy.html (294 words)

	Labor - Economy - Singapore - Asia
		In 2000 Singapore’s labor force consisted of 2 million people.
		Manufacturing and construction employed 29 percent of the labor force.
		Agriculture and fishing employed just 0.3 percent of Singapore’s working people.
	www.countriesquest.com /asia/singapore/economy/labor.htm (71 words)

	GeographyIQ - World Atlas - Asia - Singapore - Economy
		Singapore Changi International Airport is a regional aviation hub served by 68 international airlines.It is being expanded with the construction of a third terminal, as well as a dedicated low-cost terminal for budget airlines, both slated for completion in 2006.
		The Port of Singapore is the world's busiest in terms of shipping tonnage and ranks in second place globally as a center for containerized transshipment traffic, after Hong Kong.
		For comments and feedback, write to us at info@GeographyIQ.com.
	www.geographyiq.com /countries/sn/Singapore_economy_summary.htm (1108 words)

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