The Impact of Globalisation on Singapore

Over the past half-century, Globalisation has been imminent throughout the world. Globalisation can be defined as the movement of mainly economic activity around the world, within a borderless marketplace. In other words, the economies of countries are becoming increasingly integrated with one-another, and influences on one country will cause dramatic ripple effects on others. Globalisation brings both positive and negative effects. One country in which the positives of globalisation have far outweighed the negatives is …

…proportionally increase the standards of living for many countries. Globalisation brings both positive and negative effects on countries. Singapore is a country in which the positives of globalisation have far outweighed the negatives. The government accepts the positives with open arms and implements various policies to counter the negatives. This has led to a sound economic development and Singapore is now referred to as one of the "Asian Lions," in other words, an economic miracle.