Singapore’s economic model

Andek AidanaRegional Study

Passport of the project

The name of the project: Singapore’s economic model Teacher: Shukizhanova A.N. The subject: Modeling of regional policy Project group: Andek A., Auanova D. (311 gr., regional studies) The idea of the project work: search the Singapore’s economic

success, prospective and relevance The aim of the project work: to study the Singapore’s economic model. The objectives: to study the political system of Singapore’s, its role transforming

Singapore into a financial and commercial center of Southeast Asia Consider the People’s Action Party (PAP) , To identify main characteristics of Singapore’s economic model Also show prospective of this economic model, Talk about the relationships between Kazakhstan and Singapore,

identify major sphears of cooperation. Project implementation period: 5.12.13 – 6.12.13 Microsoft Word document (20pg.), Power Point presentation (25pg)

Content:

Introduction Political system and political parties in

Singapore. Characteristics of Singapore economic

model. Singapore and Kazakhstan

relationships Conclusion

The Republic of Singapore — the city-state located on islands in

South East Asia

Independence date

- August 9, 1965

Capital- Singapore

Form of government

- The parliamentary republic with dominating party

President -Tony Tang

Singapore –is an industrialized country. One of the world's leading financial centers,the

largest trading power in the region

Singapore City - one of the largest ports in the world in the Singapore Strait between the Straits of Malay and the South China Sea

Since 1959 , Singapore became a self-governing state within the British Empire, Lee Kuan Yew served as prime minister after the elections. In 1963 as a result of referendum

Singapore joined the Federation of Malaysia , together with the states of Malaya , Sabah and

Sarawak . August 7, 1965 as a result of conflict , Singapore was expelled from

Malaysia, August 9, 1965 it declared its independence

After day of official finding of the sovereignty Singapore on August 9, 1965 to his politician the party of national action (People’s Action Party - PAP) headed. In 2006 on elections of PAP took 82 of 84 places in country parliament.

Economic growth and political stability of Singapore were supported under the direction of leading PAP party. Thus, Singapore doesn't cope neither politicians, nor officials, being in a meritocracy where the power comes through skill and experience, and also productivity and fidelity of the nation and its policy.

Singapore, being under the direction of People’s Action Party, possesses separate political culture, namely: authoritative, pragmatic, rational and legal.

There is a prevalence of the companies controlled by the government, in local economy. But, despite the powerful situation, the government of Singapore supports an image of the pure, free country from corruption. Except that disagreement in the management of Singapore are the extremely rare.Political system of

Singapore

Constitution of Singapore The constitution of Singapore is the

supreme law of the Republic of Singapore. She establishes the basic

principles and a framework for executive, legislative and judicial

authority — three bodies of the state.

Parliament

The supreme body of legislature — unicameral parliament. It is chosen by direct vote for 5 years the citizens who have reached 21 year. The structure of parliament is formed of the elected deputies, and also 6 parliamentarians appointed the head of state. The speaker elected from members of parliament presides over meetings.

The parliament of Singapore carries out three main functions:

creation of laws

control of public

finances

execution of a

critical, accusatory role, for

the purpose

of to check

actions of ruling

party and the

ministries.

Structure of parliament

of Singapore

Parliament secretariat

Principal of parliament

Government

Members of parliament

"The principal whip", the main parliamentary party organizer

– a party

Speaker of parliament

The supreme body of executive power — the cabinet. The office is responsible before parliament and consists of 13 ministers. The prime minister — Guo Chuok Tong is assigned in November 1990

The judicial system of Singapore reflects the British legal practice and traditions, excepting jury institute

Supreme Court

Appellate court

The supreme

court

Court of the lowest of instance

Political parties of Singapore

The people's party of action (People’s Action Party - PAP) is ruling party of Singapore which was created on November 21, 1954.

The ideology the batch which was initially based on the principles of anti-colonialism and a democratic socialism, gradually underwent transformational change towards the principles of neoliberalism and market economy.

Economic model

At the time of independence finding Singapore represented the small poor country

With 1959 on 1990, during board Lie Kuang Yu, Singapore deprived of resources, could solve many internal problems and made a saltus from the Third World country to the advanced country with the high level of life

Today Singapore - the most successful and young sovereign state of South East Asia

The economy of Singapore remains to one of the most open and still depends on foreign investments and world trade. The distinctive feature of a social and economic policy of the country ability timely and adequately to respond to calls of an industrial and post-industrial era, permanently and flexibly to enhance both the traditional and new created institutes, to follow the accepted strategy, thus is constant it adjusting

In June, 1998 start was given to movement "Singapore - XXI" which included as one of the purposes implementation of "The industrial plan of XXI", begun in 1999. Installations of the plan provided: annually the industry shall provide 25% of gross domestic product, and services in service of export of 15%. The annual gain of 20 thousand workplaces was outlined

At the beginning of the XXI century in economy of Singapore about 7

thousand multinational corporations operated

Council of

development of the trade, founded in 1983, actively cared of extension of foreign economic relations of the country. The private companies were especially supported

In August, 2001 the prime minister Guo Chuok Tong published "New economic

strategy". For a sample the development of the United States

of America recognized as more dynamic and rational, than experience of the European

countries and Japan was accepted

"New economic strategy" consolidated the main maintenance of a macroeconomic policy of the

government to five directions.

The second task declared support of business and

transformation of the Singapore

companies with assistance of the government, first of all represented

by Council for trade

development, in the company of the international

level.

The third task was laid to the same Council

further development of "an external wing"

economy also.

Now first of all it was provided to provide for the

Singapore goods new sales markets

in a radius of seven-hour overfly,

and also to conclude

agreements with the next neighbors about creation of free trade zones

on a double-sided basis

It is supposed to turn Singapore into center of the oil-processing and petrochemical industry of a world class also. By 2012 of this kind of production it shall be made on 75 bln. dollars of the USA. Trebling of production of a methylene will provide the petrochemical industry with the initial raw materials that will allow to increase sharply the value added created in branch. Singapore considered in time sharply a growing demand for the difficult modern equipment necessary for oil production on a sea shelf. In many respects exactly thanks to the income from export of sea platforms and boring installations the city-state managed to withstand demand recession in the world market on production of electrotechnical and electronic branches

Singapore - large financial center. By number of banks, the international financial organizations and representations it takes the third place in a pattern. On the volume of an annual turn the Singapore currency exchange concedes only to London, New York and Tokyo

Relations between Kazakhstan and Singapore

On the economic arena there is

an increasing interest among the Singapore businessmen to research opportunities in Central Asia in a certain Kazakhstan. Singapore was signed with the governments of Uzbekistan and Kazakhstan, different economic agreements to promote double-sided trade and investments.

Also there were new areas of cooperation in the field of education and potential solidifying between Kazakhstan and Singapore. Lie Kuen's yew School of the State policy signed the long-term cooperation agreement with Nazarbayev's university in August 2012

Kazakhstan and Singapore possess the active business connections, expand their cooperation in different sectors and reached the high level

of cooperation. The base for long-term cooperation between these two countries was

set by visits of the Kazakhstan president Nursultan Nazarbayev to Singapore in 1996

and 2003 and visit the First prime minister of Singapore Lie Kuen Iya to Kazakhstan in 1991.

This strong basis promoted favorable conditions for cooperation growth through the

range of mutually advantageous spheres.

Conclusion:

Despite the tiny sizes, today Singapore is one their the most

globalized countries of the world. It is caused by anything other as huge aspiration of this state it isn't simple to fight for a survival in the modern conditions where multinational corporations gradually take away regulation and monitoring functions from the national states, but also to take a worthy place on a scene of global actors. To be competitive on the global arena, Singapore is stimulated to attract foreign investments and was able to operate with the international flows of goods, services, etc. Thanks to a rational policy of the government Singapore manages to hold leading line items on indexes of the external economic development that selects this country among the remaining countries of the region of South East Asia.

References:

1)htt p://www.guidemesingapore.com/relocation/introduction/singapores-political-system (Introduction to Singapore’s Political System)

2) http://journal.ui.ac.id/index.php/humanities/article/viewFile/149/145 (POLITICAL PARTIES IN SINGAPORE, MALAYSIA, AND THE PHILIPPINES: REFLECTION OF DEMOCRATIC TENDENCIES )

3) http://www.businesstimes.com.sg/specials/bt-supplements/spore-keen-boost-economic-relations-kazakhstan-20131113 (S'pore keen to boost economic relations with Kazakhstan)

4) http://kazembassy.ca/news-and-events/weekly-news-review55/ (Embassy of Kazakhstan to Canada Weekly News Review)