Singapore's Trade Pattern

capital of Singapores Trade Pattern (Year 2004 2008) The economy of Singapore is a developed country and highly developed state capitalist mixed economy. It has an open business environment, relatively corruption-free and transparent, stable prices, and ace of the highest per capita gross domestic products (gross domestic product) in the world. Its innovative yet potent form of economics that combines economic planning with free-market has given it the call the Singapore Model. Exports, particularly in electronics and chemicals, and services provide the of import source of revenue for the economy, which allows it to purchase natural resources and raw goods which it does not have. Singapores strategic location on major sea lanes and its industrious population have given the country an economic importance in Southeast Asia disproportionate to its small size. The Singapore Government adopted a pro-business, pro-foreign investment, export-oriented economic policy framework, have with state-directed investments in strategic government-owned corporations. Singapores economic strategy turn out a success, producing real growth that averaged 7.8% from 1965 to 2009 Data Analysis Year| 2004| 2005| 2006| 2007| 2008| GDP (current US$ Billion)| 109.66| 120.94| 139.18| 166.95| 181.

95| Exports of goods andservices (current US$ Billion)| 246.14| 285.96| 338.80| 384.26| 426.38| Imports of goods andservices (current US$ Billion)| 218.36| 251.40| 296.74| 331.38| 391.68| Exports of goods andservices (% of GDP)| 224.45| 236.45| 243.44| 230.17| 234.34| Imports of goods andservices (% of GDP)| 199.12| 207.87| 213.21| 198.49| 215.27| Trade (% of GDP)| 423.57| 444.32| 456.65| 428.66| 449.61| (i) Exports of goods and services (current US$) From the table above, we see that the export value of 2004 grew from $246,139,915,991.24 in course 2004 gradually into $426,378,465,616.26 in year 2008, indicating a 173% increase in value over the period of 5... If you want to get a full essay, order it on our website: Orderessay

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