Country analysis ( Singapore) Research Paper Example | Topics and Well Written Essays - 1250 words

pastoral analysis ( capital of capital of Singapore) - Research Paper ExampleNevertheless, the country is criticized for running a dodging that churns out punishments for acts perceived to be anti-social however, the countrys use of capital punishment that is applied mainly for drug trafficking offences hailed for stopping the growth of narcotics syndicates. A. Introduction to Country Analysis Singapore uses Singaporean Dollar (SGD) and has a total area of about 714 sq km. According to Singapore Department of Statistics, the 2009 population estimates stood at 5.18million (comprising of 3.26 citizens 0.53 million invariable residents 1.39million other foreign residents) with the population density revolving around 6671.7 sq km. Singapore government represents republic and parliamentary democracy with the official Singaporean languages include Mandarin, English, Malay, and Tamil. The major religions in Singapore include Buddhism (33%), Christian (11%), Taoism (11%), Catholicism (7%) , Islam (15%), Hinduism (5%), other religions 1%, and no religion at17% (Jancloes-Schneider, 2012). Chinese make up the bulk of Singapore population (more than 75%) while Malays (13%) and Indians (9%) make up the rest. Singapore has also a significant composition of foreign workers. This diversity has translated into a distinct mix of religions, languages, cuisines, and cultural traditions. The roaring integration of these elements has fashioned stable, accommodative relations depicted by mutual respect and that promotes social cohesion (World Trade Organization, 2000). Although Singapore is predominantly a multi-party nation, the throngs Action Party has dominated the political scene since independence from Malaysia in 1965. Singapores vibrant economy remains largely propelled by financial services and electronics industry (Parker, 2012). B. Economic Indicators Singapore possesses a developed market-based economy that has historically centered on extended entrepot trade. Singapor e gross domestic product (constant prices, National Currency) in 2010 stood at SGD 284.561 billion (and US $238.2 billion in 2011) while GDP (current prices, US dollars) in 2010 stood at US $222.699 billion. As per 2010, Singapore GDP growth ranged around 14.471% while GDP (PPP) in 2010 stood at US $291.937 billion (GDP PPP was US $327.557 billion in 2011) (Healy Consultants,2012). Singapores GDP per capita (constant prices, National currency) in 2010 stood at SGD 55, 093.67 while GDP per capita (current prices, National currency) in 2010 stood at SGD 58,790. 97. In 2011, the GDP per capita stood at SGD 63,050, which amounted to US $50,123 (Jancloes-Schneider, 2012). The inflation come out in 2010 stood at 2.823% while, in 2011, the inflation rate stood at 5.2% and is estimated to be 3.5% in 2012. Unemployment rate in Singapore decreased to about 1.9% within the troika quarter of 2012 right from 2% registered in the 2nd quarter of 2012. In 2011, Singapore enjoyed an annual growth of around 5.2% with the benchmark interest rate give way recorded by the Monetary Authority of Singapore standing at 0.1%. After an outstanding rebound in 2010, the Singapore economy slowed down a bit in 2011 owing to tighter economic policies and the slowdown witnessed in international trade (Jancloes-Schneider, 2012). C. Main ex looks and Imports Singapores geostrategic location, plus its developed port facilities means that a significant volume of Singapores merchandise exports involves entrepot trade with close to 47% of exports comprising of re-exports. The total value of exports in Singapore in 2010 stood at