The economy of Singapore

Singapore is known for being an ideal tourist destinatImageion of this world. But in this section we will focus upon a different perspective related with this country. This great cultural hub of the world is very strong economically and serves as the center for many important business circles of this world. This country gained independence in the year 1965 from British rule. After that the government focused upon building a modern economy and it is worth mentioning that they were successful in their efforts. The present economy of Singapore is market based and extremely well developed as well. It is worth mentioning that presently Singapore, South Korea, Taiwan and Hong Kong are the main economy kings of the original Asian tigers. Experts regard the economy of this region as full of competition, possesses great innovation, liberal and ideal for businesses. The most noted part about this country is that Singapore is counted in those countries of the world that have a very low corruption rate. For this, a great respect and appreciation should be given to the local Government who has taken all the necessary steps to stop corruption sneaking into this country.

The obtained data based upon quality research suggests that Singapore is presently the 14th largest exporter of the modern world. The import rate is also very high and it is ranked 15. Businesses and investors from all around the globe are heavily attracted towards Singapore because of its excellent location, talent, lower taxes, and above all corruption free society related characters.

Will you believe that there are branches of seven thousand international businesses in this part of the world? For this reasoImagen, corporate events take place here on regular bases. All these characters along with many other qualities make Singapore an ideal destination for trade and business.

The bars in Singapore offer many quality entertaining options to the visitors and also contribute positively to the growth of economy. Behind this progress the credit goes to the skilled and dedicated people of this country who are morally strong as well. People are not only dedicated here, but also enjoy their lives to fullest.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s