Singapore s Future Success As A Nation Essay - 1237 Words

â€Å"In the fifty years since 1965, sustained economic growth and the presence of a strong military have successfully built a Singapore nation. These two factors will continue to be fundamental to Singapore’s future success as a nation.† Discuss. In my opinion, Singapore’s success as a nation refers to how Singapore has managed to climb from third world status to first world status today and also how Singapore has managed to handle the continued unrest to maintaining the peace and stability it has today. Hence, I agree to the above statement that the two factors have successfully built a Singapore nation and will continue to be fundamental to Singapore’s future success as a nation. Sustained economic growth has successfully built a Singapore nation as it enables Singapore to have sufficient resources to develop in terms of education, infrastructure, society, health and many others. It also had a major part to play in the transition of our third world to first world status. On the other hand, the presence of a strong military has also successfully built a Singapore nation as it helps Singapore to protect its own sovereignty and control its internal security. With sustained economic growth, comes low unemployment rate and this has helped with the development of the society at large. After the separation from Malaysia, Singapore had a high unemployment rate of about 10%. Over the years, due to sustained economic growth, Singapore has been able to lower the unemployment rate andShow MoreRelatedEconomy of Singapore 1077 Words   |  5 Pageshow government strategies and economic policy play a crucial role in the success of High Performance Asian Economies (HPAEs) during 1960 to 1990 (World Bank 1993).There are eight countries within HPAEs: South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Japan. Its economic development has significantly rise that it was name ‘East Asia Miracle’ (World Bank, 1993). 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