NAMA : WENNY

NIM : 045269909
PRODI : AKUNTANSI
UPBJJ : MAKASSAR

Exports are one of the important efforts to enhance cooperative relations. A country that
does not have certain products needs to import these products from abroad, and vice versa. These
activities will be governed by regulations that link from one country to another. It is this
international trade agreement that enhances cooperative relations between countries.
In healthy economic conditions, exports and imports usually have a balanced level or an
export surplus.This shows that the country is able to produce quality and competitive products in
the international market, and is able to meet its domestic needs through imports.
An export surplus basically results in an inflow of funds from abroad into a country's economy,
which has a positive impact on economic growth, infrastructure development, improvement of
people's welfare, and so on.
Singapore is a country with the largest export value of goods and services in ASEAN,
reaching US$ 642.29 billion. Singapore can become a developed country even though it has few
natural resources. This is because Singapore relies on all sectors of its economy on industry and
services. Some examples include tourism, banking, and electronics. Quoted from the World
Bank, an estimated 17 percent of Singaporeans work in the industrial sector. Meanwhile, another
12.4 percent of the population works in the service sector. This figure could continue to increase
in line with the growth of Singapore's population. Quoting from Warjio's book Democracy in
the Era of Covid-19: Issues, Problems and Recommendations (2019), Singapore can become a
developed country because this country is able to develop its economic activities, without having
to own mining resources. This means that Singapore really relies on the industrial and service
sectors to increase state revenues. Examples of this type of industry are fish canning, packaged
beverages, meat, fruit, and wood processing. While in the service sector, for example tourism
and banking.