The Progress of Singapore

8 May


In a matter of just half a century, Singapore has developed at such a pace that it is hard to tell if you it is an Asian city torn apart by racial strife 50 years ago or in a highly developed Scandinavian country. There are many reasons that make Singapore so attractive for businessmen. It is not surprising to see entrepreneurs from as far apart as the US and India getting attracted and gravitating towards the idea of setting up their business ventures in the city state of Singapore.
Not many people know the fact that this small country is the 14th largest exporter and the 15th largest importer in the world. It becomes clear that the sea port is being utilized as an entry and exit point to other major destinations of the world. Even when one looks at the workforce in this country, it becomes clear that it is mostly made of skilled professionals and labor from foreign countries. What may surprise many is that Singapore has the 10th largest foreign reserve among the nations of the world. This is enough to give an indication of the economy of the country.

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