Business is an important force in the diverse political and ethnic environment that is Singapore. The economy is both industrial and international in nature. Unemployment is low-below 3%, the majority of the population is employed in manufacturing jobs, managerial positions, and the financial sector.1
Business growth in Singapore is fueled by the Singaporean tendency to push for progress. The country’s citizens are competitive because of a natural inclination to be the best possible at whatever they do. They like to outperform each other by nature and always want to excel at whatever they take on.
The momentum toward excellence and achievement trickles down to encourage business growth and general prosperity as citizens continuously seek to improve themselves and their business affairs.
Despite the impact of ethnic groups within Singapore, there is a strong western influence in business as well as social matters. Although there is a strong Asian influence, the fact that Singapore was formerly a British colony, means that its early affiliation with a Western nation causes a strong Western influence to remain today despite the passage of time and the increasing general global influence everywhere.
Focused on business growth in Singapore has led to an increased import/export business within the manufacturing sector. Increased trade and commerce are positioning the country as a major player in the Asian markets.
The citizens of Singapore will continue to strive for increased business growth for their country. Increases in their influence in the financial world and their manufacturing exports continue to position their financial success to increase and take on greater significance.
As their manufacturing output continues to increase, economic growth will proceed at an equal rate. National prosperity will continue to grow as Singaporeans find themselves at the forefront of modern Asian business growth. For a small island nation, business growth has helped it turn from being someone else’s colony to being an economic force in its own right.