Singapore -One Of the Best Countries of the World
The Singapore is a strong country due to its financial infrastructure and its political will to become one of the role model among nations of the world. Its political stability make it as one of the best business friendly Country.
Singapore gross national income was $52000/- in the year 2016. Its average GDP was 7.2 % in the first 25 years of independence. It is a corruption free country with low Taxes. Hence it has attracted 7000 multinational corporations from USA, JAPAN and EUROPE. There are 1500 Companies from China and India. Singapore economy is heavily depending upon Export i.e. The Export of Consumer Electronics, Information Technology and Pharmaceutical products. It also provides services relating to international Banking, Trade/ Maritime Lending and Insurance. The manufacturing and service sectors are also playing major role in the Economy of Singapore. Besides that most of the Imported items in Singapore are meant for one or other forms for Export. Hence it has very large Foreign Reserve.
Singapore have the finest Roads in the world and its Port stands among first five busiest ports of the world. It is clean State with very Green Environment. The Law and Order system are very much effective. Hence there is total security in the State.
Following are some of the Important Features of Singapore
1) It stands First for 'Ease of doing Business'.
2) Singapore is the 'Second Most Competitive Country of the World' according to Global Competitiveness Report of 2013-2014
3) One of the Three Countries of the world for' Best Protection of Intellectual Property'
4) Singapore Stands' Number Three in Global Innovation'.
In short Singapore is role model for the best managed Country of the World
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