1. SINGAPORE Student name: Pham Thi Xuan Trang Student ID : 13282356 Assignment 01 Subject: LB 5236

2. Content 1.Overview 2.Historical 3.Culture 4.Relationships between political and business 5.Relationships between economy and business 6.Foreign Economy System 7.Employment 8.Finance and banking 9.Legal system 10.Ethical 11.Conclusion

3. Overview Singapore officially the Republic of Singapore, and often referred to as the Lion City, the Garden City, and the Red Dot, is a global city and sovereign state in Southeast Asia and the world's only island city-state.Lion City, the Garden City, and the Red Dotglobal citySoutheast Asia Area: 719.10km2 Population: 5,353, 000 (2015) GDP (PPP) : Total : $452.686 billion Per capita : $82, 762 (3 rd )

4. Historical History Singapore undergoing major milestones such as: Foundation and early history: In 1299, the Kingdom of Singapura was established on the island as a trading port city. British colonies 1819–1942 World War II and Japanese occupation 1942–1945 Return of the British 1945–1959 Self-government 1959–1963 Merger with Malaysia 1963–1965 Independence 1965–present

5. Culture Singapore is a very diverse and young country. It has many languages, religions, and cultures for a country its size. Singapore culture is mixed culture between China and India, which is considered the source and commercial bloodstream for long time. Furthermore, the selection and using English as a primary language have been helped Singapore dealing with the world easily, this was able to impact more or less the economic development of Singapore.

6. Relationships between Political and business Singapore is a parliamentary republic with a Westminster systemWestminster system Singapore's governance model eschews populist politics, focusing on the nation's long-term interest, The legal system of Singapore is based on English common law, but with substantial local differences. Singapore’s Parliamentary House, beside Singapore River

7. A period of British colonial imprints left political culture Western make up the formation of modern political culture, a great influence on the economic development of Singapore. It is expressed through the development of infrastructure, the private sector holds a key position. Singapore is the form of government of the Republic Parliament, headed by the Prime Minister. Eventhough Singapore exist multi- party political system, but maintaining the principle of political principles, political power is dominated by a group representing the interests of the bourgeoisie.

8. The nature of political power is critical for the people who have great financial possibilities. Real political power is dominated by gigantic capitalist groups with traditional politicians. This is reflected by the Singapore Prime Minister Lee Kuan Yew, Goh Chock Tong, Lee Hsien Loong and senior officials of the government are directly or indirectly related to corporations, big capitalists companies. And one thing is undeniable, power of Lee families has dominated political life in Singapore. Political stability and improving infrastructure - especially the modernization of port facilities and upgrading of transport facilities have helped Singapore become an attractive investment market, contributing to created the outstanding growth, sustainable development of the island state, and to become a leading financial center of Southeast Asia.

9. Relationships between Economy system and business Singapore's Economic Development economies, embraced capitalism. Singapore implemented an open economic policy, low corruption, high financial transparency, price stability. Singapore has a highly developed market economy, based historically on extended transshipment port trade. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the original Four Asian Tigers, but has surpassed its peers in terms of GDP per capita.

10. Singapore attracts a large amount of foreign investment as a result of its location, skilled workforce, low tax rates, advanced infrastructure and zero-tolerance against corruption. Globally, Singapore is a leader in several economic sectors, including being 3rd-largest foreign exchange centre, 3rd- leading financial center. The economy is diversified, with its top contributors – financial services, manufacturing, oil-refining.

11. more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore. Approximately 1,500 companies from China and a similar number from India. Foreign firms are found in almost all sectors of the country's economy. Singapore is an important TPP Partner for U.S exports of Industrial and consumer goods.

12. Employment Singapore traditionally has one of the lowest unemployment rates among developed countries. The unemployment rate did not exceed 4% from 2005 to 2014, hitting highs of 3. 1% in 2005 and 3% during the 2009 global financial crisis; it fell to 1.8% in the first quarter of 2015.

13. Finance and banking system The rapid development of Singapore have closely related to the management of financially viable. The conservative policy on financial and currency has created a high level of savings, with the large number of foreign investment helped Singapore grow without being accumulated foreign debt. According to The Global Financial Centre Index (GFCI) has announced, Singapore surpassed Hong Kong to become the financial center 3rd largest in the world and No.1 in Asia. Development Bank of Singapore was established in 1968 to provide financial services to support the cause of industrialization and economic development in general.

14. This is a form of joint ventures in which the state owns 49%, and the rest of the shareholders of the individual areas. When economic growth flourished in Southeast Asia, the demand for foreign investment funds was increasing, and since then people need a center in this area with capable about making financial intermediary mission. Singapore has met this demand. The government of Singapore has become an international banking system to focus on external financial markets and foreign exchange operations. The monetary fund has managed in Singapore by foreigners used to invest in the domestic market or abroad are exempt.

15. Foreign Economic Policy 3 main points in Foreign Economic Policy of Singgapore: Security and prosperity of Singapore associated with the Southeast Asian region. Singapore is a small country, so they are always looking to expand economic space, not only in the region but in the whole world. Supporting the international system in order to implenment economic. Singapore is currently the coordinator Conversation China - ASEAN and tough stance rejected China on the issue of the South China Sea.

16. Legal System Singapore is one country with strict legal system in the world. Stating to the Anti-Corruption Law. Singapore Anti-Corruption Law has some differences with anti-corruption laws in many countries.  First, this law allows anti-corruption agencies investigating corruption in both the public and private sector.  Second, this law provides that citizens of Singapore will be prosecuted if they commit acts of corruption abroad and handled just like corruption in Singapore.  Third, Singapore's anti-corruption law has provisions speculation corruption  Last, this law prohibited to abuse the practice, traditional for bribery Singapore has eliminated corruption to economic development is sustainable development, balanced.

17. Ethical Singapore is one of the five countries "cleanest" in the world, thanks to strict legal system, handsomely salaries of public servants and politicians and anti-corruption bodies have very high power. This has prevented victims of human capital fight, corruption has been eradicated root. Transparency International had announced Corruption Index 2012 (Corruption Perception Index). Accordingly, Singapore's national "clean" 5th out of 176 countries surveyed. This country got 87 points out of 100. 100 is the level ladder is absolutely no corruption.

18. Ethical

19. Conclusion  Singapore is developed country with sustainable economy and politics.  Singapore is also considered to be a leader in the transition to a knowledge-based economy. Singapore is implementing the plan to 2018 will transform Singapore into a leading global city, a focal point of the new network in the global economy and Asia,