The paper "The Impact of Globalisation on Singapore" is a perfect example of a business case study. Globalization can be defined as the international integration that arises from the interchange of ideas, products, worldviews and culture. Globalisation allows the interchange of resources and culture across the world through either information technology or physically visiting the region. Globalisation affects a country differently and the purpose of this report is to discuss the impact of globalisation on Singapore. Economic Aspect Globalisation has played an important role in the economy of Singapore. The standards of living have improved because of policies and legislations associated with globalisation (Steger, 2009).
For example, free trade has allowed the residents to sample different international and local brands, and through the process, the Singapore government improves the economy because of increased levels of income, which the government utilises in improving health, infrastructure, education and defense. In addition, the presence of numerous products and manufacturers increases competition across the nations involved playing an important role in market and investment (Ritzer, 2011). Different countries across the world compete against each other with the aim of foreign trade investments and in turn, the country creates employment that improves the living standards of the citizens.
Moreover, foreign investments increase foreign exchange and other factors that are associated with international business operations (Daniels, Radebaugh and Sullivan, 2007). In addition, globalization in Singapore champions the maximization of talent in that persons can move from one country to the other in searching for employment and leisure activities (Steger, 2009). The people of Singapore can easily utilise this platform to search for employments that are beneficial while others would participate in extra curriculum activities that result in earning incomes (Daniels, Radebaugh and Sullivan, 2007).
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