China and Singapores economy Free Essay

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China and Singapores economy

Small countries with no natual resources usually have to fight harder than most to survive. Singapore has taken a carefully-planned approach to economic development- a global warehousing and distribution centre for the Asia-Pacific region. Along with these, Singapore's entrepot trade in rubber, petroleum products, spices, timber, manufactured goods and machinery has grown over the decades. In addition, Singapore is the major shipbuilding, ship-repair and oil-rig building centre in South East Asia. Although Singapore has no indigenous energy resources, its eleven refineries have made it the third largest oil refining centre in the world (by capacity) after Houston and Rotterdam. Singapore has also become a leading financial and business cen

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