Global Business Cultural Analysis Research Paper

Global Business Cultural Analysis - Research Paper Example The history of Singapore is very remarkable, the nation gained independence on 9th August 1965, following its succession from Malaysia. Soon after withdrawing from Malaysia, the fledging nation of Singapore had to face tremendous economic problems. The Buddhist country fought years in order to eliminate mass employment and to achieve economic stability. To make matters worse, the newly independent country had to face ingrained problems such as scarcity of houses, land and natural resources such as petroleum. The establishment of World Trade Organization has ensured economic globalization. To cope and stay abreast in this era of globalization, Singapore has drawn up an extensive legal framework for its economic policies. September 11th events changed the world and since then Singapore has face terrorists threats posed by the Southeast Asian militant Islamic organization known as Jemaah Islamiyah, mostly abbreviated as JI. Singapore is a Southeast Asian island country, consisting of 63 islands accounting for a total land area of 712.4 sq.km. On the north of Singapore is the Straits of Johor which separates it from Malaysia and the island country is separated on the southern side from Indonesia by the Singapore Strait. Singapore is a highly urbanized country, which faces serious problems posed by land scarcity. According to June 2010 census, Singapore has an approximate population of over 5.077 million, including both permanent residents and foreign workers residing in the country. Singapore has an annual population growth rate of 1.8% accounting for both permanent residents and foreign workers. While the annual population growth rate of only permanent Singaporean residents and citizens is 1%. The inc rease in population is the major reason for posing problems such as unemployment and land scarcity to house more people. The country has a lowland terrain and has a tropical climate. Singapore