Competitive Regulation for Glorious Economy Singapore Competitive Regulation for Glorious Economy Su-Chiu Liu Stanley Chou Deh-Juan Wu Min-Hui Lin

Singapore's independence from Malaysia in 1965. Introduction Singapore is an island nation located in Southeast Asia with poor natural resources. Singapore's independence from Malaysia in 1965. Since then it has had a massive increase in wealth, and is one of the Four Asian Tigers. The World Bank notes Singapore as the easiest place in the world to do business. A world leader in several areas A multi-cultural and multi-ethnic country.

Global Competitiveness Index 2011-2012 rankings GCI 2011-2012 GCI 2010-2011 Country/Economy Rank Score Change Switzerland 1 5.74 Singapore 2 5.63 3 Sweden 5.61 -1 Finland 4 5.47 7 United States 5 5.43 Germany 6 5.41 Netherlands 8 Denmark 5.40 9 Japan -3 United Kingdom 10 5.39 12 Hong Kong SAR 11 5.36 Canada 5.33 -2 Taiwan 13 5.26 Qatar 14 5.24 17 Belgium 15 5.20 19 www.weforum.org/gcr

Relation between Politics and Regulation The president can examine the government's exercise and investigate any cases of corruption. Singapore’s political structure is centralized authoritarian. Singapore government possess the right to do anything because of regulations. The judiciary is independent of the executive and the legislature.

Economy and Regulation Goal / Impact Reduce tax rates Regulate tax regulation and policy to appropriate with global economic situations Open immigration policy Offers corporations the opportunity to find the best staffs from worldwide Decline tariff and non-tariff barriers FTAs are the major factors to attract FDI Optimize investment laws They are effortless for foreign investors to start business Protect intellectual property It has a robust regulation to defend proprietary innovation and knowledge Infrastructure The Singapore Economic Development Board (EDB) plan and promote vast cases of infrastructure competent and sufficient for FDI

SWOT Analysis of Singapore Regulation Strength Weakness High quality, stable and efficient government Well-educated labors and human resources High-skilled workforces Structured regulation Comprehensive infrastructure Small island with limited resources One democracy party politics Limited freedom of speech Over depended on the import and export Opportunity Threat Utilize FDI to attract foreign companies such as low tax rate and minimum tariff and non-tariff barriers A strong supporter of the ASEAN free trade area World economic recession Port may be replaced by other city and port, eg. China Relation with neighbor country, eg. Malaysia

Singapore is a country with regulations and national competitiveness. Conclusion Singapore is a country with regulations and national competitiveness. Regulation is necessary for national competitiveness. And the regulations must be GOOD regulations. (Charles-Henri MONTIN, 10.03.2011) Suggestions for Taiwan Singapore language education is more internationalized. In politics, Singapore government is more efficient and stable than Taiwan. Comprehensive Infrastructure and transportation system.

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