Saturday, April 20, 2019

International business Essay Example | Topics and Well Written Essays - 2000 words - 8

Inter interior(a) business - Essay ExampleIn this context, the realm that consists of one developed city is the new trend in global business and politics. Thus, it is interesting and all-important(prenominal) to investigate the way capital of Singapore manages to be so prosperous. For this aim, the presented essay overviews Singapores open cross-border accomplishment conditions and explains in detail both the effect of multinational corporations and domestic government on the development of this providence.In the essence of Singapore global business strategy, dependence on trade relations creates the core of its national economy. It is common to deal with this global city as the country that has a strong tradition of saved by government imports in combination with free market economy (Lin and Ewing-Chow, 2014, p. 6). In its essence, Singaporean economy concentrates on port, oil processing, multinational corporation manufacturing, some science-based high-tech, a service sector and a increase financial sector (Preston, 2007, p. 15). In general, Singapore has one of the highest trade to GDP ratio in the domain of a function and relies heavily on importing goods like food, energy, and industrial raw materials (Selvam, 2003, p. 69). According to the recent statistics, Singapore is in top-15 of largest merchandise exporter in the world and has a trade to GDP ratio of 404.9 (Starting a merchandise Company, 2015). Thus, global business scenario depends on the ability of this country to involve foreign investments effectively. In this context, it is evident that Singapore imports all the basic goods. As for the resource base of Singapore, it is similar to Japan in the inability to rely on natural resources. As Dunning (1997) noticed, since nineteenth century, when natural resources were the foundation of development, passed, the key to economic prosperity in the twenty-first century is in ability to create the new knowledge (p. 54). And

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