Category Archives: News

Singapore’s high level of economic

In the past years, there has been an increase in the economic growth and development of Asian continent economy. Consequently, there has been both a tremendous and steady expansion in the economies of not only Singapore but also Korea, Taiwan, and Hong Kong. All the economic planners of the government regarding economic prosperity, more so in Central and Latin America, Eastern Europe, Africa, and some areas of Asia, focus so much on the development ways used in the four Tigers mentioned, hoping to learn from their doings.

For Singapore to propel her economic development, she had invested close to S$ 1.9 billion from 1990 to 1996. The investment was made through the National Computer Board (NCB) which she formed to get improved training and knowledge of those in the industries linked to IT. Additionally, Singapore committed another S$ 3 billion starting from 1995 to 2001. The best technology centers were formed such as the National Singapore University, the school of Science Systems, and some tertiary institutions were responsible for the clustering of advanced technology facilities that spearheaded Singapore’s economic development. In the undertaking of this assignment, the discuss seeks to provide some of major the factors that have enabled Singapore to achieve a high level of economic development, and this form the thesis statement for this paper.

First, following the establishment of effective technological institutions, to achieve a high level of economic development, in the 1989s, Singapore increased her manufacturing and financial operations. Singapore operated as the primary financial midpoint and hub of the Asian economic cycle regarding the productions of goods. The Riau and Johor places offered the labor required force for the processes of manufacturing. The situation was great since most of the neighboring areas were still suffering from low wage assistants with fewer skills, and this was a problem that Singapore managed so well. In 1989, a strategy for the formation of a financial collaboration amidst Malaysia, Indonesia, including Singapore was first stated. The financial collaboration acted as a springboard that facilitated Singapore’s economic growth.

Second, the SIJORI initiative began just in the first 1991s, headed by the (EDB) Economic Development Board of Singapore. Its main people were from Riau area of Indonesia, Singapore, and Malaysia. In this context, Singapore could profit from the local support since both provinces provided it with the most needed raw materials, workforce, and space. To keep Singapore good looking in the presence of new investors, EDB persisted in reviewing its tax incentive structure. The inventor condition was agreed upon in 1969, increasing the tax respite to a permanent year time. The tax reprieve attracted many investors to Singapore consequently enabling it to achieve high economic development.

As time passed, the scheme was as far as supporting Singapore’s’ small firms for manufacturing. Moreover, the scheme resulted in the creation of profits to institutions who offer services to the existing businesses. Besides working from side to side with the provision of tax collection, the government looked forward to providing other supporting institutions. The same law ruled over savings in places with no private skilled people. Many approved companies emerged in the transportation and economy sectors. The Companies took care of establishment of budgetary services and ongoing of substantial progress and non-physical procedure promoted economic growth in Singapore.

Third and finally, the law of Singapore noticed the condition of labor in the area, focused on offering a safe working environment that could bring new investors closer. With the help of Labor Act, issues between employers and the employee would be solved, and disagreements prevented. In 1971, National Trade Union Congress was formed by law as the only whole county labor combination to supervise wage issues and employment. The facilitation of the employment processes and wage issues fueled economic growth in Singapore.

Does it Take Three to Tango? Russia, China and US Relations

Russia, China and US Relations

What does it mean “to tango?” Well, this metaphor can be seen in a good and a bad way. Technically speaking, the tango involves a variety of moves made by two partners. Sometimes, the moves may be in tandem – other times, they may be moving in the complete opposite direction.

Like when couples brawl, make up, fight again, someone sleeps on the couch, and then they get together again. This dance is tense – but at the same time, it makes you wonder: what will happen next?

The Political Tango

Since the first world wars, there were several tangos. Russia fought together with the Allies of World War I, making a team with the United States in their fight against Germany. In World War II, Russia once more fought alongside the United States – pushing back the Axis force.

During the Cold War, their tango started taking yet another direction. Russia and the United States were making different, opposite moves – this time, one against another. But this is also where the tango took a third “person” – namely, China.

At first, China danced with the United States – leaving Russia to watch their tandem dance. They were all in synch – until China started going through a civil revolution of their own. Russia started doing the “opposite” tango again with the United States.

A new republic was founded in China – and the country started to dance again. This time, however, it was Russia who stepped in. After China and Russia have formed an alliance, they were going after the United States with new forces. It was a “teasing” dance, where everyone showed off their moves – although there were also several “jumps” that made the war into a violent one.

The dance was long – and the moves were very complicated. The “dancers” became tired, and they decided that the dance should come to an end. This is when a summit was called to sign a truce. For now, the world should be at peace – at least, for a little while.

The Tango Continues 

Once more, these three powers show that the tango is not the same just with two “people” – and Russia, China, and the United States once more began  to dance. Russia had its presidential election in 2018, China had its 19th Party Congress, and Trump was beginning his second year as president.

This, obviously, paved the way for new relations between the nations. Vladimir Putin and Xi Jimping already had a close personal relationship – which means that they would dance in tandem at this point. They would do joint military exercises, energy agreements, and joint economic development to make both nations grow stronger.

Trump, on the other hand, started this tango again, in the opposite direction. The US saw Russia as a “rival force” – which is why the nation started working on its military power. It eventually became a dance of “my moves are much better than yours.”

At this point, you could say that the US moves make Russia and China dance much better together. The new trading taxes from China to the United States put China at an economical pressure – creating more common ground with Russia this way. The fact that US warships keep sailing through the South Sea of China doesn’t make things any easier.

At this point, however, Trump is at least trying to restore relations with Russia. When the two presidents met at Helsinki, they alluded to the possibility of an alliance. Talking about the past collaborations between the countries, they agreed that two nations with great military power should not be in conflict with each other – but in alliance with each other.

There are, however, people that believe this to be unlikely. During a discussion at Carnegie-Ttsinghua Center, several scholars discussed the future of the nations – as well as the future between them. They believed that Russia would always try to aim higher – with Putin mainly focusing on making Russia a leading power. While still trying to maintain a peaceful line, Russia and the United States are still in a rather tense relationship.

In the meantime, the relationship between China and Russia is getting stronger. While China may still fear the implication of an alliance, the fact that the United States is stepping on both their tails is actually pushing the two states closer and closer.

The Conclusion?

This is just as a tango should be: several moves in tandem, others in opposition. Each move is a consequent of the other – which will reach to the final dance. At this point, we can’t say for sure how their tango will end. China and Russia are in synch, and they are getting better. The United States is trying – but it still trips every now and again. What we do know is that every dancer is at least trying not to step too much on the other one’s toes.