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

Ever since gaining independence in 1965, Singapore has been facing challenges.

Extracts from this document...


Challenges in the 21st Century Ever since gaining independence in 1965, Singapore has been facing challenges. Communal problems while in Malaysia, the British withdrawal from their Singapore bases in the late 1960s, the 1973 oil crisis, the 1985 recession, the 1997 Asian financial crisis are all challenges which we have resolved and emerged from the battle stronger. As Singapore enters the 21st Century, she has to face several new problems and uncertainties in all key dimensions of national life. The unfolding events following 11 September carry grave security implications for Singapore, testing our social cohesion and deepening our economic problems. Politically, Singapore faces the major challenge of combating the threat of global terrorism. The September 11 terrorist attack awakened the world to the serious nature of the threat of terrorism. Since September 11, as a result of numerous investigations and arrests of terrorist detainees all over the world, the extent and depth of the global terrorism has come to light. ...read more.


Eventually, they pulled water out of a package of bilateral issues, which have been outlined by SM Lee and PM Mahathir in Dec 1998, to be discussed as one deal of its own and without prior notice to Singapore. These acts from Malaysia have worsened the bilateral ties between both countries. Furthermore, the recent Pedra Branca Issue only serves to aggravate the situation. Therefore, it is vital that Singapore's government can resolve this as quickly and peacefully as possible so that they can concentrate on other pressing issues. Economically, Singapore is striving to restore its economy to robust growth. After good growth in 2000, our economy turned down in 2001 with negative growth. This turndown has been the convergence of several adverse developments, which include the September 11 terrorist attack, stagnation of the regional economies and possible war with Iraq. ...read more.


Besides the challenge of maintaining social cohesion, Singapore faces the conundrum of a graying population. With the increased level of literacy in Singapore, many Singaporeans are marrying at a later age and having fewer children. Most couples wish to provide the best for their children, so they will have only one or two children, resulting in a low birth rate. Life expectancy of Singaporeans is high due to improvements in medical care and technology. Consequently, the number of elderly will constitute a greater proportion in the population pyramid, causing a graying population. Having an aging population will mean that the burden on the working population will increase, resulting in a strain on the economy. We will have to pay more taxes for the health care services of the elderly and an increasing proportion of country's resources will have to be used for the elderly. Therefore, it is essential that couples are to have more children and the government well prepared for the challenge of a graying population. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics 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 GCSE Economy & Economics essays

  1. PEST and competitive analysis facing by confectionery organisations

    Always in the forefront of production developments, Cadbury has introduced the most advanced processing technology and management information control techniques to its business. Cadbury's brand has a wide consumer base with all ages and types of people buying it. This means that Cadbury's Dairy Milk was never really targeted at a specific market.

  2. Economic Solutions to the Problems Facing Sudan

    However they are failing to produce the masses of natural gas available to them. The next step towards development would be to mine this great resource, as it will help the country finance the education system and a more modern health system.

  1. Globalisation in Malaysia

    The manufacturing sector has been slowly declining in growth whilst the services sector has shown to be the highest growing industry since 2005, contributing to higher GDP growth (see appendix 2 for table of the origin of GDP in Malaysia).

  2. Citigroup has successfully faced the challenges of the 19th and 20th centuries and has ...

    Societal 14 3.2.1 Terrorism 14 3.2.2 Population growth 14 3.2.3 Changing Societal values 14 3.3 Technological 15 3.3.1 Internet and knowledge based society 15 3.3.2 The nano-world 15 3.4 Political 15 4 Stake Holders' Responses 16 5 Strategies in the face of short comings 18 5.1 Emphasis on Core values

  1. Discuss the role Singapore can play in helping her ASEAN neighbours develop their economies, ...

    Therefore in recent times when the Malaysian ringgit has depreciated with the devaluation of the US dollar, exports to Singapore have risen as a result and served to improve Malaysia's balance of payments. Similarly during the Asian Financial Crisis of 1997, the strength of the Singapore economy acted as a booster to ASEAN countries through their export markets.

  2. What were major problems facing the UK after World War II? What policies did ...

    Efforts were made in 1961 to effectively slow down the rise in wages. A 'pause' was called for in July 1961 by the Chancellor and later through a compact with the unions negotiated by George Brown in 1964. This 'pause' did not last long and the compact didn't help to slow down the rise in wages.

  1. Scarcity and Unlimited Wants.

    * Expanding industries. The energy crisis and discovery of North Sea oil has increased the output of the mining industry, dramatically. However, the collapse of oil prices in 1986 may see a reversal of this trend. Service industries including banking, communications and insurance have expanded rapidly.

  2. The un-utopian issue

    a larger scale economy where monetary power becomes essential, therefore changing its nature. 1.b) Centrally Planned Economy: Differing with a traditional economy, a planned system is at an enormous scale. It is administrated by the State (which acts as a high command), and is possibly the most complicated economic system to manage.

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