Singapore is one of the most important important trading hub in South East asia, comment
Answers
Explanation:
For many years Singapore has been considered by the business world to be a safe, thriving and efficient entry point into the Asian Market. Singapore’s importance as a gateway to South East Asia is set to increase further however with the launch of the Association of Southeast Asian Nations (ASEAN) Economic Community on 31 December 2015, which will combine a population of over 600 million people and GDP of £1.2 trillion. Businesses, investors and professional-service providers alike will seek to use Singapore as a gateway to Southeast Asia’s markets, none more so than those from the UK. The Prime Minister, David Cameron, visited the region in July 2015 and amplified the awareness of these markets, claiming that a deal between the EU and ASEAN has “the potential to benefit the UK economy by £3 billion every year – nearly £120 per household – by creating one of the biggest free trade areas in the world with combined GDP of over $20 trillion.”[1]
The former British colony has developed into a hub through which some of the world’s largest companies reach across South East Asia by utilising the city-republic’s location, infrastructure, workforce, legal system and business-friendly environment. The ‘Small little dot’ has a remarkable sphere of influence across the region given its modest size of 697 sq. km and a population of under 6 million people. But why?
Highly connected
Singapore’s strategic position at the confluence of the East and the West has established the city-state as an important hub for global trade. Its geographic location enables easy access to markets in Thailand, Vietnam, Cambodia, Malaysia, Indonesia, the Philippines and Myanmar. Even back in 2011, Singapore’s sea port was linked to 600 other ports in 123 countries via 200 shipping lines and Singapore’s Changi Airport was ranked amongst Asia’s top five for air cargo, being served by over 6,100 weekly flights connecting to 210 cities in 60 countries.[2]
Technologically sophisticated infrastructure
In order for a city to develop into an efficient and advanced business hub, it must have both a sophisticated socio-economic framework and the physical structures to complement it. Singapore’s desire to create the world’s first ‘Smart Nation’ highlights the emphasis placed on infrastructure by the governing authority. The ‘Smart Nation’ program is envisaged, created and delivered by the Government with the aim of harnessing technology to the fullest to “improve the lives of citizens, create more opportunities, and build stronger communities”.[3] Utilising technology to better serve citizens’ and expatriate workers’ needs manifests itself in many innovative creations such as the Beeline App, which creates new transport routes based on commuter’s demands, or organised hackathons designed to offer young technologists the challenge of solving technologically advanced problems.
On a purely pragmatic level, the city’s physical infrastructure is also exceptional with a highly-developed integrated transport system consisting of Mass Rapid Transit (MRT) trains, buses and taxis. Singapore was voted as having the world’s best infrastructure in a 2013 survey undertaken by consulting firm Mercer for the Wall Street Journal, surveying 221 cities and using factors such as: traffic congestion, availability of flights from local airports, quality of public transportation and availability of water.[4]
Yes, Singapore is one of the most important trading hubs in South East Asia.
Explanation:
- The strategic position of Singapore at the eastern and western confluence has established the city-state as an important hub for global trade. Its geographical location provides easy access to Thailand, Vietnam, Cambodia, Malaysia, Indonesia, the Philippines, and Myanmar markets.
- To transform a community into an effective and developed business center, it has to be complemented by both a complex socio-economic framework and the physical frameworks. Singapore's ambition to create the world's first Smart State underlines the governing authority's focus on connectivity.
- The 'Smart Nation' program is planned, created and delivered by the government with the goal of making full use of technology to improve citizens' lives, create more opportunities, and build stronger communities.
Learn more about Singapore
Singapore on the equator experiences 12 hours of daylight and upernavik on 72 degree north experiences six months of continuous daylight yet upernavik is much Cooler Than Singapore.Give reason
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Singapore which is closer to the equator is hotter than london which is at a larger distance from the equator
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