When Vikram tells in the movie 'Anniyan' that Singapore is a very small country yet their growth is tremendous, I had always wanted to visit the Lion City to catch a glimpse of the flourishing development and immerse myself in the melange of cultural diversity that pervades this 697 sq km of rich heritage. Tiger Airways was the bestower of my fantabulous trip for a dirt cheap price @ 15K. The fact that it was a round trip was too good to believe as fares for a two-way trip to Delhi would be surely more than that!
So, what makes Singapore so special with few natural resources?
Simple. The people living in the country are very well-organized, systematic and highly disciplined with innovation that awestruck me and left me wondering as to why people in our country cannot follow such elementary rules. Despite the 120 crore population comprising several religions and castes to the significant length and breadth of India, the attitude of the people to be disciplined without hampering the creative freedom in the day to day activities could have been easily instilled had it been not for the power-hungry and money-laundering politicians who had rightly invested their time and effort in all the wrong places. According to Transparency.org, Singapore stands mighty tall handsomely at rank 7 with an overall score of 84 whereas India's rank of 85 is more than the score of overall score of Singapore!
But that still doesn't answer the question how come Singapore prospers so verdantly with limited natural resources?
Being subjugated under the British Empire, Singapore thrived to be one of the great entrepots under their regime.Then, during the late 1960s, Singapore persistently pursued export-centric industrialization by liberalizing their economy. With the advent of technology and developed countries progressing at a rapid pace, Singapore took the cue and transformed their labour-intensive industries to technology oriented firms like electronics.
But, the tourism and financial institutions are the mainstay of this blossoming economic centre of activity apart from being a major and dominant Entrepot in the Southeast Asia. Travel and Tourism has contributed 10.9% of total GDP in 2015. Although Singapore is heralded and touted as the global financial hub, issues and concerns have cropped up time and again for harbouring black money from other corrupt politicians. Despite the single blot on the face of Singapore, the government has ensured that inflation is between 1% to 2% and unemployment rate stands at 2% which indicates that the government in collaboration with management and unions have ensured that the right plan of action has been put in place for the welfare of the people.
But that still doesn't answer the question how come Singapore prospers so verdantly with limited natural resources?
Being subjugated under the British Empire, Singapore thrived to be one of the great entrepots under their regime.Then, during the late 1960s, Singapore persistently pursued export-centric industrialization by liberalizing their economy. With the advent of technology and developed countries progressing at a rapid pace, Singapore took the cue and transformed their labour-intensive industries to technology oriented firms like electronics.
But, the tourism and financial institutions are the mainstay of this blossoming economic centre of activity apart from being a major and dominant Entrepot in the Southeast Asia. Travel and Tourism has contributed 10.9% of total GDP in 2015. Although Singapore is heralded and touted as the global financial hub, issues and concerns have cropped up time and again for harbouring black money from other corrupt politicians. Despite the single blot on the face of Singapore, the government has ensured that inflation is between 1% to 2% and unemployment rate stands at 2% which indicates that the government in collaboration with management and unions have ensured that the right plan of action has been put in place for the welfare of the people.
--- to be continued & concluded ---
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