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Essay text:
As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).
The discussion of this article (extracted from “The Straits Times” on 29th Dec 2007) focus on the low employment rate, booming of property and stock markets, inflation as well as the economic growth of Singapore concluding the year of 2007.
Economic growth of Singapore
Quoting from Senior Minister Goh Chok Tong in the National Rally 2006, he said that “to sustain growth and vitality in our economy, we need a growing population in Singapore with talents in every field...
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