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Essay / Research Paper Abstract
This 4 page paper examines issues pertinent to business in Singapore as well as other economies such as Malaysia and Taiwan. Government involvement is highlighted. Bibliography lists 6 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA714eco.rtf
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Unformatted sample text from the term paper:
items aligned with information technology as well as electronics in general ("Singapore," 2007). The recession that occurred in the early part of the twenty-first center did hit the technology sector
hard ("Singapore," 2007). SARS is another thing that affected the nation as it detracted from the tourist trade, thus reducing consumer spending ("Singapore," 2007). Yet, over the long haul, this
growing economy has fared well. Singapore did boast low interest rates coupled with a great deal of imports between 2004 and 2006, something that would lead to significant growth
and by this time, GDP growth would average about 7% per year ("Singapore," 2007). In the country of Singapore, there is a relationship between the government and the economy. Presently,
the government has plans to create a new path in terms of economic growth and render the economy less reactive to global demand as it respects information technology ("Singapore," 2007).
The government had further attracted significant investments in terms of medical technology and pharmaceuticals ("Singapore," 2007). For this group, Singapore would be established as a significant high technology and financial
hub ("Singapore," 2007). The government of Singapore has also played a negative role, which is rather typical. Some economists believe that government intervention is often detrimental. The country culture
is such that censors have to some extent hurt business, but things are changing. Network officials in Singapore are more stringent than in the U.S., as there are some standards,
but they are not extremely strict. For example, the HBO series Six Feet Under made it past Singapore censors, although Sex and the City did not (Osborne, 2002). It seems
as if the government is mostly in control and that there are no other institutions that control Singapores economy. That said, Singapore is vulnerable to market forces and sometimes, government
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