SINGAPORE

SINGAPORE

Singapore, officially they Republic of Singapore, is an island country off the southern tip of the Malay Peninsula, 173 kilometers (85mil) north of the equator , in southeast Asia. It is separated from Malaysia by the straits of Johor to its north, and from Indonesia’s Riau island by the Singapore strait to its south. Singapore is the world’s fourth leading financial center and a cosmopolitan word city,playing a key role in international trade and finance. The port of Singapore is one of the five busiest ports in the world.

Singapore has a long history of immigration. It has a diveres population of close to 5 million people made up of Chines, Malay, Indians, Asians of various descents, and Caucasians. 42% of the population in Singapore is foreigners who work and study there. Foreing wokers make up 50% of the service sector. The country is the second most densely populated in the world after Monaco.A.T Kearney names Singapore the most globalised  country in the world in its Globalization Index.

Before independence in 1965, Singapore was a vibrant trading port with a GDP Per capita of $511, the third highest in East Asia then. After independence, foreing direct investment and state-led drive for industrialization based on plans by former Deputy Prime Minister Dr.Goh Keng Swee created a modern economy.

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