Social and economic impacts of globalization in Singapur

Negative impacts

More poblation

Risks of poor

Environmental pollution

Chronic diseases

Increasing poverty rate

Much abuse in child labor

Positive impacts

More work

Sustainable country economy

All people can have the same resources

More knowledge of the country

More progress in the country

Excellent public services

Negative impacts

Dependent on exports and imports (energy and food)

Skilled labor and housing shortages, aging population.

Limited freedom of speech.

Vulnerable to the structural slowdown of the Chinese economy and U.S.-China geopolitical tensions.

a lagging construction sector

A tight monetary policy

Positive impacts

Singapore, a major financial center in the Asia Pacific region, has long earned a reputation as one of the most advanced economies in the world.

Today, Singapore's economy is one of the most stable in the world.

without external debt

high government revenue

consistently positive surplus

Singapore's economy is driven primarily by exports of machinery and electronics manufacturing.