Social and economic impacts of globalization in Singapur

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THE ECONOMY AND ITS SECTORS

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Social and economic impacts of globalization in Singapur

Economic impacts

Singapore's economy is driven primarily by exports of machinery and electronics manufacturing.

consistently positive surplus

high government revenue

without external debt

Today, Singapore's economy is one of the most stable in the world.

Singapore, a major financial center in the Asia Pacific region, has long earned a reputation as one of the most advanced economies in the world.

A tight monetary policy

a lagging construction sector

Vulnerable to the structural slowdown of the Chinese economy and U.S.-China geopolitical tensions.

Limited freedom of speech.

Skilled labor and housing shortages, aging population.

Dependent on exports and imports (energy and food)

Social impacts

Positive impacts

Excellent public services

More progress in the country

More knowledge of the country

All people can have the same resources

Sustainable country economy

More work

Negative impacts

Much abuse in child labor

Increasing poverty rate

Chronic diseases

Environmental pollution

Risks of poor

More poblation