How is Singapore Navigating the New Industrial Revolution? - Letsdiskuss
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sushil seo

sushil seo

digital marketing | Posted 19 Nov, 2018 |

How is Singapore Navigating the New Industrial Revolution?

Aline  Mcleod

Aline Mcleod

@student,artist | Posted 10 Jun, 2020

The economy is highly dependent on exports if refined imported goods,especially in production.The manufacturing industry accounted for 26 % of Singapore's GDP (2005)

The manufacturing industry is well diversified intro electronics,oil refining,chemicals , mechanical enineering and biomedical science products . In 2006 Singapore produced about 10 percent of the world's electronic chip production.Singapore is the largest port in the world in terms of tonnage transported.

Singapore has been rated as the lightest business environment in the world,with thousands of foreign expatriates working in multi national corporations.The city-state also offers jobs in industry for tens of thousands of foreigners around the world

deepesh  sachdev

deepesh sachdev

Blogger | Posted 09 Jun, 2020

Singapore - much obliged to her EDB (Economic Development Board's) globe-jogging street warriors - turned into the Asian seaward manufaturing and modern base of a great deal of significant makers from Europe and United States, during the 60's/70's, which permitted the little country to initiate her gigantic financial and mechanical turn of events.
Prreeti Radhika Taneja

Prreeti Radhika Taneja

Entrepreneur | Posted 21 Nov, 2018

First, let’s get this off the hook: Singapore isn’t navigating the new Industrial Revolution. A country with a GDP growth of 3.6 percent (in 2017) and a population of less than 6 million – excuse my political incorrectness – cannot possibly navigate the global industrial ecosystem that’s dominated by China, USA, and the UK.

How is Singapore Navigating the New Industrial Revolution?
(Courtesy: Business Times)

Indeed, though, Singapore is one of the nations who is playing a critical role in shaping Industry 4.0. Be it with its manufacturing power, the structure of production, or technological advancement—Singapore definitely trades much (much) better than so many “top” countries, including India. In recent times, the infrastructure development in the country – which aligns well the socio-environmental guidelines (or at least better than other countries) – has paced to newer heights. And it has positioned Singapore at par, if not above, with the likes of South Korea, Japan, Canada, and Germany.

How is Singapore Navigating the New Industrial Revolution? (Courtesy: Strait Times)

Again, one of the biggest keys for Singapore is its tech-capability, which is ranked among the best ones globally. The country is technologically advanced, which gives it an agility in data management, data exchange, and automation. This cascades to empower its production capacity and other economic factors. 

But all being said, on the global front where numbers and indexes reins, Singapore is still placed beyond many other countries on important lists, including fast-growing economies. And this plays in its disfavor to the role that it can play in progressing the industrial revolution of the world.