Korea has the largest tidal energy station in the world (see below). 6.8 Thailand: Hydropower Like wind power, hydropower has great potential in Thailand, however it has been underutilised to date. There is an estimated capacity of 700MW, with just 56MW installed as of 2008. Wind energy Just 7.28MW of a potential 1.6GW of wind power generation has been developed. Central, western and coastal regions of Thailand have been investigated as possible turbine sites.
The current economic paradigm in Indonesia has been set after the financial crisis 1997-1998 deeply hit the social, political and economic structures of the country. Indonesia was affected by the economic crisis, and consequently many people suffered from that. The IMF and the US stepped in to support the Indonesian economy. The IMF promise to help Indonesia only that it had to adjust its economy according to the Washington Consensus criteria . However the aid from IMF is not enough and economic condition were getting worse.
CHAPTER I INTRODUCTION 1.1 Background When Indonesia got independent, their economic system was still a mess. Due to the sudden governmental system, they were not prepared to handle their economic system. Moreover, with some other countries still trying to take away their independence, Indonesia used to become a very poorly managed country. In addition, with the leadership of Suharto, the second president of Indonesia who was considered as the most corrupt leader, it had faced the greatest economic crisis for Indonesia in history. However, despite all that, Indonesia keep struggling and strive through all the challenges and obstacles.
Lastly, recruitment of foreign workers could possibly be the easiest way to help overcome the shortage of local labor at construction sites . It is well understood that the major cause of manpower shortage is the employers’ reluctance to pay higher wages to the locals, which would consequently increase their expenditure (Abdul Rahim Abdul Hamid, Bachan Singh, Aminah Md Yusof & Nur Ahikin M. Abdullah, 2011) . For this particular reason, the number of local workers keeps lessening each year, resulting in a massive employment of foreign workers instead. The former Minister of Human Resources, Datuk Seri Dr Fong Chan Onn stated that despite Malaysia currently having about 1.8 million foreign workers, there are still hundreds of applications submitted every month by local companies to the Home Affairs Ministry, requesting to hire more foreign workers (Bernama, 2006) . The statement evidently proves that the demand for foreign construction workers is tremendously high, due to the shortage of local workers.
Singapore is the smallest country compared with other Southeast Asian countries. Singapore island with a total land area of 682 square kilometres and surrounded by 63 islets. According to the Department of Statistics Singapore (2014), the total population of Singapore is 5.47 million in the end of June 2014. Singapore seen as a multi-racial country were consist of largest group of Chinese who made up of 76% and followed by the Malay 15%, Indians 7% and others 2%. Although Malay is the national language of Singapore but English is the common language of administration.
Chapter 1.0 1.1 Overview of foreign worker in Malaysia Malaysia is one of the countries that have multi-ethnic society which is such as Malay, India, Chinese, and other races. The early of migration of labor from Indonesian archipelago has been started when there are the interaction and exchange with Malay Peninsula and during that period, it has been called as Indo-Malay World. British and Malay authorities welcomed the migrant of Indonesian labor to Malay Peninsula during the most recent colonial past. The reason British and Malay authorities want the Indonesian migrant to Malay Peninsula is because want to meet the manpower to fulfill the requirements of colonial enterprise. There are another reason that Malay Peninsula welcomes the Indonesian migrant to here which is because Indonesian shared the racial and some of the cultural trait with Malay Peninsula.
Poverty has become a main problem in development issues. It is so pervaded so the United Nations put eradication of poverty as the first and foremost objective to be achieved in the Milenium Development Goals (MDGs) in 2000. Although the number of poverty in Indonesia has been declined from 2010 to 2014, the income disparities between the richest and the poorest has been widened as indicated by the Gini Coefficient which increased from 0.38 in 2010 to 0.41 in 2014 . The increased of Gini ratio in the last few years implies that Indonesia has become more unequal in terms of income distribution. Chatib Basri, the former of Indonesian Finance Minister, stated that the increased of Gini coefficient is due to the fact that Indonesia middle class-up
This paper presents Singapore’s economic and socio-cultural position in the world and how current world events and trend might affect Singapore directly or indirectly. Impacts and opportunities of globalisation towards Singapore are also discussed. As the West starts to shut itself off and with China opening up, it is timely to question the role globalisation plays for Singapore. Upon examining the impact of globalisation and opportunities it provides for Singapore, we believe that Singapore should remain globalised to maximise its potential. Singapore’s Economic and Socio-cultural Position Singapore today can be considered as an economic powerhouse, having experienced remarkable growth since independence.
The problem of an aging population and shrinking workforce in Singapore in the recent years has become a significant problem. Meanwhile, high unemployment rates in developing countries such as China and India have led to a migration of immigrants to developed countries like Singapore. This movement has resulted in an influx of foreign workers in Singapore. Although the Singapore government welcome foreign immigrants and talents to increase our workforce so as to maintain a competitive edge in the global economy, this phenomenon has led to brain drain in