Singapore

Descripción

Mapa Mental sobre Singapore, creado por Jia Jun Neo el 04/04/2018.
Jia Jun Neo
Mapa Mental por Jia Jun Neo, actualizado hace más de 1 año
Jia Jun Neo
Creado por Jia Jun Neo hace más de 6 años
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Resumen del Recurso

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
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