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GeographySoutheastern Asia, islands between Malaysia and Indonesia. Administrative divisionsNone Economy – overviewSingapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and one of the highest per capita GDPs in the world. The economy depends heavily on exports, particularly in electronics and manufacturing. It was hard hit in 2001-2002 by the global recession and the slump in the technology sector. The government hopes to establish a new growth path that will be less vulnerable to the external business cycle than the current export-led model but is unlikely to abandon efforts to establish Singapore as Southeast Asia's financial and high-tech hub. Culture and mediaNewspaper: Berita Harian / Berita Minggu, Business Times , Hoshi Nippô , Liánhé Zǎo Bào , New Paper, the, Shipping Times. TV Stations: Channelnewsasia.com |
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