Economic Aspect from the PEST Analysis
The Economy of Singapore is a highly developed and successful free market economy in which the state plays a major role.
It has an open business environment, relatively corruption-free and transparent, stable prices, and one of the highest per capita GDP in the world.
Exports particularly in electronics and chemicals and services provide the main source of revenue for the economy, which allows it to purchase natural resources and raw goods which it does not have.
Since it's separation from Malaya, Singapore has combined it's advantages of a small concentrated urban city island state
Singapore's economic development explains that the country’s success so far is underpinned by , what it calls the core fundamentals Connectivity Openness Reliability & Enterprise
The Economy of Singapore is a highly developed and successful free market economy in which the state plays a major role.
It has an open business environment, relatively corruption-free and transparent, stable prices, and one of the highest per capita GDP in the world.
Exports particularly in electronics and chemicals and services provide the main source of revenue for the economy, which allows it to purchase natural resources and raw goods which it does not have.
Since it's separation from Malaya, Singapore has combined it's advantages of a small concentrated urban city island state
Singapore's economic development explains that the country’s success so far is underpinned by , what it calls the core fundamentals Connectivity Openness Reliability & Enterprise