View at the entry of singapore.
Singapore has a highly developed market-based economy, which has historically revolved around extended entrepôt trade. Singapore has been rated as the most business-friendly economy in the world, with thousands of foreign expatriates working in multi-national corporations.
The per capita GDP in 2006 was US$29,474. As of September 2007, the unemployment rate is 1.7%, which is the lowest in a decade, having improved to around pre-Asian crisis level. Employment continued to grow strongly as the economy maintained its rapid expansion. In the first three quarters of 2007, 171,500 new jobs were created, which is close to the figure of 176,000 for the whole of 2006. For the whole of 2007, Singapore's economy grew 7.5% and drew in a record S$16 billion (US$10.6b, €8.3b)of fixed asset investments in manufacturing and projects generating S$3 billion (US$2b, €1.6b) of total business spending in services.
Whilst praise has been given to efforts to promote the Singaporean biotechnology sector, the traditional tech sector remains larger and could benefit from similar public-private sector efforts to promote Singaporean high-tech companies.
No comments:
Post a Comment