• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Industrial Development in Singapore

Extracts from this document...

Introduction

Industrial Development in Singapore 1.Draw a time line to trace the industrial development in Singapore from 1970s to 2000s (Do include short explanation at each junction) 2. Predict what will be the direction of the industrial development in Singapore in the next 20 years in the perspective of a) The government b) The investors c) The workers a) In the EDB's Industry 21 blueprint launched in June 1998, programs were designed to promote Singapore's economic growth into the next millennium aiming to develop Singapore into a leading competence centre for knowledge-driven activities and a hub for the headquarters and product charters of multi-national corporations. Thus in the next twenty years, we predict that the knowledge-driven industries would contribute more towards Singapore's GDP. As China is growing in importance as a major competitor those industries in which we are no longer competitive will be shifted out mostly secondary labour-intensive, producing low value products like the textile and, and promising sectors will be nurtured and grow. ...read more.

Middle

Current overseas joint ventured industrial parks will be expanded for example the Suzhou Industrial Park and Information Technology Park in Bangalore b) The government emphasis on R&D and the many incentives they offer would thus encourage more companies to venture into R&D work. Technology would become the key competitive factor Companies would need to enhance links to other global technological centres. They will embrace innovation to generate new businesses and growth. Thus innovation within companies and development of new knowledge-driven capabilities and activities will increase with the support of the government. Also with the governmental support, local enterprises to be more resilient in the face keener competition. Local enterprises pool of resources would have grown to achieve synergy and economies of scale, The leverage on external expertise will raise professional standards, their brands would have be developed and innovation and technology new and improved products will be developed and processes would also be re-engineered to increase productivity. ...read more.

Conclusion

To nurture the domestic manpower to their maximum potential. Twenty years in the future the government through the Ministry of Education would have developed Singapore into having nation". By starting at school and continuing throughout working life. Furthermore the government emphasis on R&D and innovation would mean Singapore would need a highly skilled and disciplined labour force. Workers by then would have inculcated life long learning and would go for self improvement courses on their own accord Learning would help workers aquire skills needed for new jobs or for growth within existing jobs, resulting in higher wages and better job security. For employers, training increases productivity and competitiveness. A skilled and adaptable workforce will enable employers to respond quickly to industry changes. Singapore will continue to have a leverage on foreign manpower at all levels to enhance the industrial growth of the nation. The employment of foreign manpower will help national to grow beyond what indigenous resources can produce. This however might bring stiff competition between foreigners and locals for jobs ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Global Interdependence & Economic Transition section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Global Interdependence & Economic Transition essays

  1. Investigating Travel and Tourism

    The number of UK Tourists going abroad - Outbound. This graph came from: http://www.statistics.gov.uk The graph shows the total number of visits made by overseas residents to the UK and by UK residents abroad. There has been an increase in almost every year in the number of visits overseas by UK residents, almost tripling from 20.6 million in 1982 to 59.4 million in 2002.

  2. Development of the leisure and recreation industry

    leisure activities The home based leisure activities are those that we use inside the home such as the television or the radio, this also includes gardening equipment and DIY. * Outside the home leisure activities Outside the home leisure activities are those that are usually done outside the home such

  1. How likely does it seem that the Millennium Development Goals will be met by ...

    UPS International has also pledged $2 million to the world association of girl guides and girl scouts to empower women through leadership and environmental programmes in 145 countries. In Uganda, signs of progress on MDG3, show that it is likely to be met due to legislation, e.g.

  2. `How important does the coal trade appear to have been in the development of ...

    I think coal could have played a big part in the development of the harbour because this was about the time when coal mining was becoming popular in Whitehaven. They also needed a way to transport the coal from Whitehaven to places where they needed it, so they kept developing the harbour as the coal industry was developing and growing.

  1. Successful Property Development.

    This introduction provides a resume of a typical development and the process can now be considered in more detail. The Developer The developer is the instigator of the scheme. He provides the entrepreneurial flair to identify the development opportunity and bring it to a successful conclusion.

  2. Why there is a need for world development?

    Iraqis never have electricity, reconstruction has been estimated to $53.5 billion and there has been 280 Non-Iraqis Kidnapped, including 45 killed, 141 released, 3 escaped, 3 rescued and 88 yet uncovered. Natural disasters could lead to the country spending billions and also being on debt.

  1. The crucial need for improving air connectivity between Singapore and India and the developmental ...

    China are testament to the need to diversify Singapore's economy especially investment wise. Increased air connectivity to India is widely beneficial because it would aid a shift from a very Sino-centric focus with regards to business and investment opportunity that is largely prevalent in Singapore and balance the scale by the increase of an Indo-centric factor.

  2. Many developed counties are paying increasing attention to the needs of the disadvantaged. How ...

    Therefore, I believe that the developed countries have, within the boundaries of their economic positions, contributed extensively in sponsoring actions and policies to improve the lives of the poor, especially for Singapore?s case. However, it would be too idealistic to say that the needs of all disadvantaged groups of people

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work