Globalization Singapore

Singapore has evolved today as one of the flourishing nations of the world and it is regarded to be a global business nation as it is the home to about 7,000 multi- national companies. The credit for it goes to Sir Thomas Stanford who set up a trading post at this place and in due course of time the people who belonged to the Malay community and the people who belonged to the Chinese community settled at Singapore for a better future. The port of Singapore became the busiest port of this region in the year 1989.

The fact that goes to Singapore's advantage is that it is strategically located at the South East Asia and this factor has encouraged the industrial companies, the foreign investors, the reputed companies to set up their own business or their own company as they were confident of the fact that the nation of Singapore would not allow them to face disappoint or taste failure.

The infrastructure of the city/island/nation of Singapore has also arrested the attention of the foreign investors. The other factors that are responsible for establishing Singapore as a global nation is the fact that Singapore is a corruption free nation, machines are of high international

standard, well trained workers, a good world culture and an environment aptly suited for trading or business purpose.

The multinational companies that have their base in Europe, United States and Japan have established their hold to a certain extent over the nation of Singapore.
At most of the work sectors of Singapore you are bound to come across foreign establishments. Though it is a fact that the corporations that are run by the Singapore government control the service sector, it is the multinational companies that account for the direct export sales and two thirds of the total output of Singapore.

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