International Business

Using ostiarys Competitive Advantage of Nations: rhomb Factors: Discuss the competitive advantage of peachy of capital of capital of capital of capital of Singapore. Use theories & examples to illustrate your answer. To Porter (2001), Singapore is one of the most impressive frugal winner stories of the 20th century. Even though it was bequeathed with political unrest afterward its independence, Singapore has managed to achieve remarkable economical growth in the last four decenniums. In 1965, Singapores per capita gross domestic product stood at a mere US$512. By 1998, it had blush to US$28,200, the second highest in the world after the USA, surpass even Japan, Germany and Switzerland (Low, L. & Johnston, D. M., 2001). A check on website Statistics Singapore shows the up-to-the-minute per capita GDP figure to be at US$35,163 in 2007. The growth of this little red dot could not encounter been more remarkable. Late Chinese leader Deng Xiaoping was so move by the country during his visit in 1978 that he send hundreds of Chinese delegates to study the island so as to plant thousands of Singapore in China. Dubai, one of the seven emirates and the most thickly settled city of the United Arab Emirates (UAE), also dumbfoundled after Singapore on how it welcomes multi-national enterprises (MNEs) with generous incentives and tax rebates.

Till date, thousands of planners have been sent from all over the world to study about the Singapore model so that it could be replicated back in their home country. Singapores Economic Development The rapid economic growth of Singapore was achieved through industrial restructuring and upgrading. While labour-intensive manufacturing was responsible for Singapores economic growth in the first decade after its independence, technological upgrading in manufacturing propelled its high sustained economic growth in the subsequent two decades. Foreign accept investment (FDI) has been and still is the principal source of external capital for growth in Singapore. With more intense competition from Singapores... If you want to get a full essay, order it on our website: Orderessay

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