macroeconomic position and discuss what policy options have been adopted by the monetary and fiscal authorities in the past years in order to correct any inflation‚ unemployment or growth problems that exist. In this paper‚ Singapore ’s economy will be discussed. Like most other countries‚ Singapore wants growing living standards‚ high employment and low unemployment‚ as well as avoidance of recessions and inflation. These things are known as the targets of policy. Instruments are the policies used to achieve
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My Singapore with Cruise (July – Sept’13) 5 Nights & 6 Days Destination: Singapore Singapore Blessed with a tropical climate‚ Singapore is warm throughout the year and anytime is a good time to visit this vibrant place. The wettest months are November and December while the hottest are May and June. However‚ to capture the true essence of the city‚ the festival season is considered by many as a good time to explore Singapore. Whether it is culture‚ cuisine‚ arts or architecture‚ Singapore
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Developments in Singapore‚ 2011). Inflation leads to a rise in the general price level hence money loses its value (Haikal‚ 2005). Consumers cannot buy as much as they could previously‚ thus consumer spending will fall‚ and companies will lower production as demands for goods and services decrease. In addition‚ there is growing uncertainties in the global economy‚ which undesirably affects the GDP growth in Singapore. With a highly developed and successful free-market economy‚ Singapore depends heavily
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sites of trade‚ steady workplaces‚ and overall international hubs. One must consider all aspects of a city’s well-being when deciding what type of urban area fits into this specific category. With a GDP of $2.8 billion and 100% urban development‚ Singapore is a city that is impossible to leave out on the list of what constitutes a metropolis.[i] The time they spent under British rule is what initially prompted the urbanization that led to the economic miracle we see today. They eventually became
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Dimension of Diversity Race and/or gender are not the definition of diversity. Diversity is all of us and how we are so different. To better understand diversity it can be broken down into four different dimensions and classifications. These points will help you begin to pick apart the complex topic of diversity. Dimensions 1. Dimension may be hidden/ visible a. Race‚ gender and possible age or wealth index may be a visible dimension that / would classify people into one group. b. Intelligent
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Masterplanning Individual Assignment Read: Ministry of Trade and Industry - The Economic Planning Committee‚ the Strategic Economic Plan: Towards a Developed Nation‚ Singapore National Printers‚ 1991. 1. What are the vision and goals of the Singapore’s Economic Strategic Plan? (2 marks) Vision A DEVELOPED COUNTRY IN THE FIRST LEAGUE Goals Enhancing Human Resources Promoting National Teamwork Becoming Internationally Oriented Creating a Conducive Climate for Innovation
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FOUR PERFORMANCE DIMENSIONS Operations and supply chains can have an enormous impact on business performance. Experience suggests that four generic performance dimensions are particularly relevant to operations and supply chain activities. These are; • Quality. Quality is defined as the characteristics of a product or service that bear on its ability to satisfy stated or implied needs. The concept of quality is broad‚ with a number of sub dimensions‚ including performance quality (What are
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a country’s spending in any given year need not to equal its output of goods and services. A country can spend more money than it produces by borrowing from abroad‚ or it can spend less than it produces and lend the difference to foreigners. Singapore as an Open Economy Quick Facts * Population: * 5.3 million * GDP (PPP): * $314.9 billion * 4.9% growth * 5.7% 5-year compound annual growth * $59‚711 per capita * Unemployment: * 2.0%
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MUHD AZHAR ABDUL KARIM The Evolution of Markets in Singapore Contents Introduction............................................................................................................................................ 2 2. The Local Wet Market ..................................................................................................................... 2 3. Changing landscape................................................................................................
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immigrants‚ Singapore began to open itself up as a centre for entrepot trade. It began to import and export goods for different areas to different parts of the world. These immigrants also provided important support services such as workers in the dockyards‚ plantations‚ factories and some even provided daily necessities for traders all over the world. All these contributions of the immigrants helped to maintain Singapore as an attractive trading centre and kept it competitive. Without them‚ Singapore would
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