MILLER JOHN A BAO-IL
BSE SOCIAL SCIENCE
1ST world country
SINGAPORE
HISTORICAL BACKGROUND
Located at the southern tip of the Malay Peninsula, Singapore is the
largest port city in Southeast Asia and one of the busiest in the world.
It owes its growth and prosperity to its position at the southern
extremity of the peninsula, where it dominates the Strait of Malacca,
which connects the Indian Ocean to the South China Sea. Once
a British colony and now a member of the Commonwealth, Singapore
first joined the Federation of Malaysia on its formation in 1963 but
seceded to become an independent state on August 9, 1965. Singapore
has experienced remarkable economic growth and diversification
since the 1960s. In addition to enhancing its position as a world trade
centre, it has developed powerful financial and industrial sectors.
SIZE AND INCOME LEVEL
In 2022, the gross national income of Singapore amounted to
approximately 539.96 billion Singapore dollars
(39,622,528,286,663.91 US Dollars)
RESOURCES
Some of Singapore's most important natural resources include arable
land, the country's beautiful scenery, and fish.
Singapore is a major oil refining and distribution center, major
supplier of electronic components and a leader in shipbuilding and
repairing. It is also a leader in precision engineering. It produces the
world's best ball bearings. Singapore is also a leader in chemicals,
especially petrochemicals.
ETHNICITY AND RELEGION
43.2 percent of Singapore's population is Buddhist or Taoist, making
this the largest religious group in the state. Christianity accounts for
18.7 percent, Islam 14 percent, Hinduism five percent, other religions
0.6 percent
Chinese ancestry make up 75.9%, Malays make up 15.4%, Indians
make up 7.4%, and residents of other descent make up 1.6%
INDUSTRIAL STRUCTURE
Which Singapore industries drive the economy? Singapore's largest
industry by far is the manufacturing sector, which contributes 20%-
25% of the country's annual GDP. Key industry clusters in Singapore's
manufacturing include electronics, chemicals, biomedical sciences,
logistics and transport engineering.
IMPORTANCE OF PRIVATE PUBLIC SECTOR
In the private sector, a business's primary objective is to make a
profit. In the public sector, the primary objective is to provide goods
and services that benefit the public.
EXTERNAL DEPENDENCY
As a small island nation, Singapore lacks natural resources — it
imports more than 90% of its food from more than 170 countries and
regions.
3rd world country
PHIPPINES
HISTORICAL BACKGROUND
The Republic of the Philippines is a sprawling archipelago set in
the western Pacific Ocean.The Philippines is an incredibly
diverse nation in terms of language, religion, ethnicity and also
geography. Ethnic and religious fault-lines that run through the
country continue to produce a state of constant, low-level civil
war between north and south.Beautiful and fractious, the
Philippines is one of the most interesting countries in Asia.
SIZE AND INCOME LEVEL
The Philippines has been growing in recent years accelerating
from 5.6 percent in 2021 to 7.6 percent in 2022. With continued
recovery and reform efforts, the country is getting back on track
on its way from a lower middle-income country with a gross
national income per capita of US$3,640 in 2021 to an upper
middle-income country (per capita income range of US$4,256-
US$13,205) in the short term.
RESOURCES
`The Philippines has a bounty of minerals, cropland, timber, and
coastal and marine resources. These natural resources make up
an estimated 19% of the nation's wealth, contributing to the
country's consistent GDP growth.
ETHNICITY AND RELEGION
At least 84% of the population is Christian; about 79% belong to
the Catholic Church while about 5% belong to Protestantism
The Philippines is inhabited by more than 182 ethnolinguistic
groups, many of which are classified as "Indigenous Peoples"
under the country's Indigenous Peoples'
INDUSTRIAL STRUCTURE
The major industries of the Philippines include manufacturing
and agribusiness. Within manufacturing, mining and mineral
processing, pharmaceuticals, shipbuilding, electronics, and
semiconductors are the focus areas.
IMPORTANCE OF PRIVATE PUBLIC SECTOR
In the Philippines, the private sector has dominated the
economy, contributing about 95 percent of GDP
EXTERNAL DEPENDENCY
The country's economy has become increasingly reliant on
services, which now make up more than 61% of its GDP.
Remittances sent home by Filipino workers abroad now account
for roughly 10% of the country's overall GDP.