Singapore

Description

Mind Map on Singapore, created by Jia Jun Neo on 04/04/2018.
Jia Jun Neo
Mind Map by Jia Jun Neo, updated more than 1 year ago
Jia Jun Neo
Created by Jia Jun Neo over 6 years ago
54
0

Resource summary

Singapore
  1. Open
    1. No/Low Barrier
      1. a) G&S
        1. b) K flows
          1. c) Labour flows
          2. Necessary
            1. X- Competitiveness
              1. e.g a) unit labour cost
                1. b) inflation
                  1. c) productivity
                    1. d) price of raw materials
                    2. Resources
                      1. EG
                        1. Necessities
                      2. Small
                        1. Popln
                          1. Dom mkt
                            1. Lack natural resources
                            2. Stats
                              1. 1) X/GDP
                                1. E.g 172% in 2016
                                  1. Used to calculate the % of international trade in the economy of a country
                                2. 2) X-M/GDP
                                  1. E.g 339% in 2016
                                3. Implication
                                  1. 1) Heavy dependence on Ext DD
                                    1. 2) Heavy dependence on Imports
                                      1. 3) Vulnerable to ext shocks
                                        1. EG/Recession
                                          1. Trading partners are in recessions -> fall in exports revenue
                                            1. e.g 2008 global financial crisis
                                          2. Changes in competitors' interest rates
                                            1. Volatility of hot money
                                            2. Inflation rates
                                              1. Importing raw materials -> cost-push infln
                                                1. e.g rise in oil prices due to political uprisings in the Middle East
                                          Show full summary Hide full summary

                                          Similar

                                          HOW DO WE DECIDE WHAT IS GOOD FOR SOCIETY?
                                          wongxiuyan
                                          Geography (Elective): Global Tourism Gateway 1
                                          kaylynntanner
                                          Greetings and Self-Introduction
                                          Natasha Siow
                                          Social Studies Notes: Governance in S'pore
                                          kaylynntanner
                                          Greetings and Self-Introduction Quiz
                                          Natasha Siow
                                          Tourist destinations
                                          kaylynntanner
                                          Venice
                                          kaylynntanner
                                          PWoR Singapore Population Problems
                                          Blackbirdsinging
                                          June Holiday Programme 2015: Heritage of Singapore
                                          chaiyun.chua
                                          Factors that contribute to flooding in SG
                                          Deborah Khoo
                                          CI chapter 4 Culture intelligence at workplace
                                          matthew ng6282