Free Essays on Singapore

Republic of Singapore History The Republic of Singapore was under British control from the early 1800’s until Britain made Singapore a separate crown colony in 1946. In 1959 Singapore had it’s own government, but Britain still responsible for it’s defense and foreign affairs. Singapore joined the Federation of Malaysia in 1963, which included Malaya, and the Borneo territories of Sabah, and Sarawak. This relationship between the members of he federation and Singapore soon dissolved due to political and economic differences with the rest of Malaysia. In turn Singapore withdrew from the federation and became a sovereign, democratic and independent nation. Independent Singapore was admitted into the United Nations on September 21, 1965. Singapore became a republic on December 22, 1965, with Yusof Bin Ishak as the republics first president. In 1967 the British government decided to withdraw its armed forces from Singapore by 1971. Singapore set out to build it’s own defense forces. The Singapore Armed Forces Training Institute was established in 1966 and compulsory national service was introduced in 1967. A Singapore Air Defense Command and a Singapore Maritime Command were set up in 1969. In August 1967, Singapore joined Indonesia, Malaysia, the Phili ppines and Thailand to form the Association of Southeast Asian Nations. With The Republics new independence there were new challenges. Singapore had to figure out how not only to survive, but also how to prosper on it’s own. What Singapore planned to do was take advantage of its strategic location and the favorable world economy. The new government set forth a plan for massive industrialization. In 1968 the Economic Development Board was developed. In 1970 the Monetary Authority of Singapore was established to formulate and implement Singapore’s monetary policies. These polices are very favorable to the financial industries such as Fleet’s. The Republic of Singapore is politi... Free Essays on Singapore Free Essays on Singapore Republic of Singapore History The Republic of Singapore was under British control from the early 1800’s until Britain made Singapore a separate crown colony in 1946. In 1959 Singapore had it’s own government, but Britain still responsible for it’s defense and foreign affairs. Singapore joined the Federation of Malaysia in 1963, which included Malaya, and the Borneo territories of Sabah, and Sarawak. This relationship between the members of he federation and Singapore soon dissolved due to political and economic differences with the rest of Malaysia. In turn Singapore withdrew from the federation and became a sovereign, democratic and independent nation. Independent Singapore was admitted into the United Nations on September 21, 1965. Singapore became a republic on December 22, 1965, with Yusof Bin Ishak as the republics first president. In 1967 the British government decided to withdraw its armed forces from Singapore by 1971. Singapore set out to build it’s own defense forces. The Singapore Armed Forces Training Institute was established in 1966 and compulsory national service was introduced in 1967. A Singapore Air Defense Command and a Singapore Maritime Command were set up in 1969. In August 1967, Singapore joined Indonesia, Malaysia, the Phili ppines and Thailand to form the Association of Southeast Asian Nations. With The Republics new independence there were new challenges. Singapore had to figure out how not only to survive, but also how to prosper on it’s own. What Singapore planned to do was take advantage of its strategic location and the favorable world economy. The new government set forth a plan for massive industrialization. In 1968 the Economic Development Board was developed. In 1970 the Monetary Authority of Singapore was established to formulate and implement Singapore’s monetary policies. These polices are very favorable to the financial industries such as Fleet’s. The Republic of Singapore is politi... Free Essays on Singapore As you may well know, Singapore is a social-democratic country. What this worked out to in terms of the economy would be a strong hand from the Government in terms of economic direction, infrastructural support and even participation in commerce and trade, but the spirit of free economy is still dominant. In practice, there had been instances of over-zealous managers exceeding the bounds of their responsibilities and giving rise to complains of government intervention or monopoly of certain sectors in the private sector. Such complaints are being reduced as both sides come to understand their symbiotic relationship and focus on their own activities. Let's look first at the role of the Government and then our role in the private sector THE ROLE OF THE GOVERNMENT Economic and trade policies in Singapore are managed by the Ministry of Trade and Industry (MTI). It may be unknown to many in Singapore that MTI do more than just set trade and economic policies. It is an active participant in ensuring the economic competitiveness and business continuity of Singapore. We hope the following statements, taken from the home pages of MTI, would provide a better picture of the role of MTI and, through her various agencies, a better understanding of how MTI is assisting local businessmen get a bite of the world economy. Vision : for Singapore to become an advanced and globally competitive knowledge economy within the next decade, with manufacturing and services as its twin engines of growth. Management : Economic management is undertaken at the macro level to identify problems or opportunities, and to set broad growth directions and strategies....