Population Growth In Singapore

885 Words4 Pages
Often when we talk about Population growth we refer to the increase of number of people who reside in a country. In order to determine growth rate in a country we use the following formula to calculate :( birth rate + immigration) – (death rate + emigration). Usually investors use this information to determine if it is worth to invest in the certain region or country. http://www.businessdictionary.com/definition/population-growth.html

(Image taken from https://en.wikipedia.org/wiki/Population_growth)

The above picture shows that in 1990 and 2010 China have been ranking 1st in the countries with as much as 1,341,335,000 in 2010. The global population has grown from 1 billion in 1800 to 7 billion in 2012. In mid-2030 we will be expecting
…show more content…
First I would talk about Singapore. Since independence in 1965, Singapore economy has experienced rapid progress. Singapore strong economic performance has reflect the success of its open and outward-oriented development. It has evolved from labor-intensive to high value-added products, such as electronic, chemicals and services which provide the main source of revenue for the economy. Singapore has also benefited from the inward flow of FDI from global investors and institutions due to her highly attractive investment climate and a stable political environment. From 2000 to 2010, the GDP of Singapore nearly doubled rising from S$163 billion to S$304…show more content…
Countries with first world GDP levels have better medicine, food, education and housing as compared to those that countries with lower GDP. However it is also said that GDP does not take into account into the working hours of a person, the leisure time available is equally distributed across the economy. http://www.debate.org/opinions/is-gdp-growth-a-good-indicator-of-improving-quality-of-life

On the other hand we will talk more about China economy, it is the world second largest economy. In 1978 when china started the program of economic reforms they were ranked ninth in nominal GDP with USD 214 billion. 35 Years later they jumped up to second place with a nominal GDP of USD 9.2 trillion. In 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable 45.0% of the country total output.
Open Document