Monday, 8 October 2012

THE SINGAPORE ECONOMY.
Singapore is a country knows for highly developed and successful market economy. It is located at the South-East Asia. It business environment is relatively open and low tax rates. The economy is corrupt-free and transparent to a reasonable level. The economy has a stable price comprise to other developed countries and with one of the highest per-capital gross domestic products in the world.  Singapore main exports provide revenue for the economy. Singapore purchases raw goods and refining them for re-export such as the oil refining.  It education policy provide the skill needed to refine imports into export. The port of Singapore is known as one of the busiest in the world surpassing Rotterdam and Hong Kong. 
As a result of the high standard of living in Singapore the level of unemployment is very low; on 20 February 2009 Singapore unemployment rate was 2.2%.  On 11 March 2011, the Singapore government announced it foreign reserves as $233.368billion. The Singapore economy is known as one of the fast growing economy in the world

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