Royal University of Phnom Penh

Institute of International Study and Public Policy

Department of International Relations

SINGAPORE'S
ECONOMIC MIRACLE

Presented by Group 4
 1. Endogenous
Content
2. Exogenous
Culture Singapore is an emerging global economy, with a
GDP of over $270 billion in 2016. The country is
well-positioned to benefit from the global growth
Singapore's trend and its strong human resources.
culture Singapore’s culture has helped contribute to the
relate to the country’s economic development in a few ways:
miracle of The country’s long history and unique culture
Singapore has a very educated and skilled
economic
workforce
The country’s stable political environment
and well-developed
 Geopolitic
The Strategic Importance

Geography
Singapore, the city-state, is strategically located at a crossroads between the
Indian and Pacific oceans. This fact enables the country to play a vital role in
multilateral geopolitics by possessing one of the world's most crucial ports since
the maritime period and the colonization era in which Singapore or previously
Malaya was under the silhouette of the great European dominance and entrepôt.

Importance
This commonwealth nation-state had become a substantial center of global
trade, finance, logistics, and innovation, and a key component of global
distribution networks with the binary international capitals despite retaining
scarce natural resource reserves. However, the internal relations among these
nations differentiated contrarily on the international platforms.

B XU AR CHI T E CT UR E CL UB | 20 20
United China
States

Neutrality Collaboration
 Market & export-oriented
industrialization
The role of the state

Exogenous
Factors
 Market & Export-Oriented Industrialization

What is EOI?
a commercial and economic strategy intended to hasten a
country's industrialization by exporting products for which
the country has a comparative advantage

In 2017, Singapore exported $515 billion dollars' worth of goods, but it has
also imported $452.1 billion dollars' worth of goods. This can be
approximately and roughly presumed that Singapore has made a profit
of $63 billion dollars.
 The Role of the State

Providing Efficient Business Environment for Foreign

Investment
Embracing "Economic Openness" Policy
Provided an efficient business environment for foreign
investment.
Attracted Multinational Corporations (MNCs) through
efficient and low-cost operating environment
2000s: "Foreign talent driven"
A creative workforce to help transform from an MNCs hub
to a Global City
To boost the local economy with the “skills, enterprise
and drive” of “high calibre and trained people
To replenish the numbers of skilled Singaporeans who
had emigrated
CONCLUSION
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