STEEPLE analysisSingapore

Lisa van StenusPamoja: Business & Management

Singapore

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Quality of life

Singapore has recently considered to be the most expensive city in the world according to the EIU (Economist Intelligence Unit). Also according to Mercer’s quality of living survey, conducted this year, Singapore happens to have the highest quality of living amongst all of Asia.

Factors such as education, medical and health considerations, social-cultural environment and economic environment were considered while conducting the survey.

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Currency

Singapore’s official currency is Singapore Dollar (SGD). It is abbreviated with the $ sign and occasionally with S$ to see the difference between all the other dollars.

Exchange rate: American Dollar (USD): 0.80Euro (EUR): 0.62Chinese Yuan (CNY): 4.75British Pound (GBP): 0.49

http://therealsingapore.com/sites/default/files/field/image/SingaporeDollar2_0.jpg

Economy

Singapore has been ranked to have the most open economy in the world with not a lot corruption and with low tax rates. Also is Singapore considered a highly developed trade market economy.

Singapore is considered the 14th largest exporter. Singapore exports things as chemicals, electronics and pharmaceuticals the most.

Singapore is considered the 15th largest importer. Importing things as mineral fuels, consumer goods and machinery.

Primary export partners: Primary import partners:- China - United states- Malaysia - Indonesia- Japan - South Korea

Health and medical care

Singapore has been ranked 6th in the World’s health systems according to World Health Organizations (2000). As well as Bloomberg giving Singapore a rank of 2nd best health care world wide.

Singapore’s health care is mostly covered by the government. In Singapore’s health care system the government makes sure that it’s affordable for the people. However, every single medical service costs money. This way, the Singaporean government tries to prevent overuse of health care services.

Health and medical care

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Health care comparison between Singapore, Japan, France, Germany, Taiwan and the United States.

Statistics

The unemployment rate in Singapore: 1.9% (2013)

Labour force in Singapore: 68% (2012) GDP rate in Singapore: 297.9 billion USD (2013) Fertility rate in Singapore: 1.29 p/woman (2012) Life expectancy rate in Singapore: 82.14 years

(2012)

Geography

Singapore is located in South Eastern Asia. Singapore is an Island between Malaysia and Indonesia.

Singapore rarely has any natural resources so take advantage of the ones that they do own. Things such as petroleum, which gets exported to other countries. Singapore scarcely has agriculture and this is a reason why things such as vegetables and all meat sorts get important from several countries.

Singapore’s biome is mainly tropical rainforest as it is close to the equator. Singapore’s climate is very tropical; hot and humid. There is very little seasonal changes as well.

Recommendation

I personally think that Singapore is the right country to invest in as it first of all has low taxes, which would be beneficial for the companies. Secondly, Singapore is very central in Asia, so any company that would invest in Singapore could export and import goods all around Asia. Another reason is that the education in Singapore is very well. Singapore’s main language is English so it’s easy to find educated and English speaking employees here. Also is the standard of living in Singapore very good. It’s very safe with a low crime rate, infrastructure in Singapore is marvelous. As well as the fact that Singapore has great medical care. A downside of investing in Singapore is that Singapore is quite small and does not have a lot of natural resources. However, I strongly believe that Singapore is the perfect country to invest in for any country.

Works cited

http://justsaying.sg/singapore-quality-of-living/ http://

www.mercer.com/insights/view/2014/quality-of-living-rankings-spotlight-emerging-cities.html

http://www.bbc.com/news/business-26412821 http://www.who.int/whr/2000/en/whr00_en.pdf http://data.worldbank.org/indicator/SL.TLF.CACT.ZS http://darwin.bio.uci.edu/~sustain/h90/Singapore.htm http://

www.worldtravelguide.net/singapore/weather-climate-geography

http://www.tradingeconomics.com/singapore/gdp-growth-annual