Sustaining Economic Development in a Globalizing World Drivers of globalization
Drivers of Globalisation <ul><li>Developments in transportation and communications </li></ul><ul><ul><li>Transporting prod...
Drivers of Globalisation <ul><li>Transportation </li></ul><ul><ul><li>Made the world smaller </li></ul></ul><ul><ul><li>Us...
Drivers of Globalisation <ul><li>Communications </li></ul><ul><ul><li>Use of telephone, emails, fax, video conferencing, s...
Drivers of Globalisation <ul><li>Transnational Corporations (TNCs) </li></ul><ul><ul><li>Microsoft Corporation, Toyota Mot...
Sustaining Economic Development in a Globalizing World Impact of Globalisation
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Improve standard of living </li></ul></ul><ul><ul><...
Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Increased awareness of foreign culture </li></ul></ul...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><...
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Improve standard of living </li></ul></ul><ul><ul><...
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Increased competition among nations </li></ul></ul>...
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Increased competition among nations </li></ul></ul>...
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Talent </li></ul></ul><ul><ul><ul><li>Find employme...
Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Widening income gap btw rich and poor </li></ul></u...
Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Increased awareness of foreign culture </li></ul></ul...
Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Loss of local culture </li></ul></ul><ul><ul><ul><li>...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>TNCs set up factories, pollute the air, caused...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Increase in an awareness of Environmental mana...
Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Increase in an awareness of Environmental mana...
Sustaining Economic Development in a Globalizing World Case Study: Singapore
Case Study: Singapore <ul><li>Challenges in Singapore </li></ul><ul><ul><li>Transnational terrorism </li></ul></ul><ul><ul...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy to reduce d...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the economy  </li></ul>...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the economy </li></ul><...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul><...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul><...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul><...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization <...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad – regionalization <...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization <...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization <...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic co...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic co...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic co...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li>...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li>...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li>...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment - land </li...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment – Cooperati...
Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment – Public Ed...
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Sustaining Economic Development In A Globalizing World

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Sustaining Economic Development In A Globalizing World

  1. 1. Sustaining Economic Development in a Globalizing World Drivers of globalization
  2. 2. Drivers of Globalisation <ul><li>Developments in transportation and communications </li></ul><ul><ul><li>Transporting products, people, materials and information from one place to another </li></ul></ul>
  3. 3. Drivers of Globalisation <ul><li>Transportation </li></ul><ul><ul><li>Made the world smaller </li></ul></ul><ul><ul><li>Use of steam engines, jet aircraft, vessels, containerisation </li></ul></ul><ul><ul><li>Airports, seaports, railways and highways </li></ul></ul><ul><ul><li>Efficient network and movement </li></ul></ul>
  4. 4. Drivers of Globalisation <ul><li>Communications </li></ul><ul><ul><li>Use of telephone, emails, fax, video conferencing, satelite technology, optical fibre, internet </li></ul></ul><ul><ul><li>Fast transfer of information </li></ul></ul><ul><ul><li>Quick access to information about new products and places </li></ul></ul><ul><ul><li>Better coordination and control to worldwide activities </li></ul></ul>
  5. 5. Drivers of Globalisation <ul><li>Transnational Corporations (TNCs) </li></ul><ul><ul><li>Microsoft Corporation, Toyota Motor </li></ul></ul><ul><ul><li>Source for bigger market, lower costs </li></ul></ul><ul><ul><li>Source for components around the world </li></ul></ul>
  6. 6. Sustaining Economic Development in a Globalizing World Impact of Globalisation
  7. 7. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Improve standard of living </li></ul></ul><ul><ul><li>Increased competition among nations </li></ul></ul>
  8. 8. Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Increased awareness of foreign culture </li></ul></ul><ul><ul><li>Loss of local culture </li></ul></ul>
  9. 9. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><ul><ul><li>Deforestation </li></ul></ul></ul><ul><ul><ul><li>Global warming </li></ul></ul></ul>
  10. 10. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Improve standard of living </li></ul></ul><ul><ul><ul><li>Increased income levels </li></ul></ul></ul><ul><ul><ul><ul><li>Yr 2000, $4940 </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Yr 2004, $5170 </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Yr 2005, $5400 </li></ul></ul></ul></ul><ul><ul><ul><li>Increased revenue from foreign investment = improved education, health, defense, housing and transportation </li></ul></ul></ul><ul><ul><ul><li>Varieties of foreign goods = quality life </li></ul></ul></ul>
  11. 11. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Increased competition among nations </li></ul></ul><ul><ul><ul><li>TNCs looking for more attractive* c’tries for investment </li></ul></ul></ul>
  12. 12. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Increased competition among nations </li></ul></ul><ul><ul><ul><li>TNCs looking for more attractive* c’tries for investment </li></ul></ul></ul><ul><ul><ul><li>Eg. Dalian, in China (see pg 52) </li></ul></ul></ul><ul><ul><ul><li>Eg. Danish Maersk Sealand shifting transhipment hub from Singapore to Malaysia’s Tanjung Pelepas, Johor </li></ul></ul></ul><ul><ul><ul><li>Eg. Bangkok’s airport beating HK and Spore </li></ul></ul></ul><ul><ul><ul><li>*attractive = well developed infrastructure, sound financial institutions, political stability, accessible transportation routes, low tax rate, encourages R&D, support use of IT and high tech industries </li></ul></ul></ul>
  13. 13. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Talent </li></ul></ul><ul><ul><ul><li>Find employment in other c’tries </li></ul></ul></ul><ul><ul><ul><li>2.5% of world’s population live outside their birth c’try </li></ul></ul></ul><ul><ul><ul><li>Brain drain problem </li></ul></ul></ul>
  14. 14. Impacts of Globalisation <ul><li>Economic Impact </li></ul><ul><ul><li>Widening income gap btw rich and poor </li></ul></ul><ul><ul><ul><li>Developed c’tries experience rapid growth by drawing TNCs and talents from poor areas </li></ul></ul></ul><ul><ul><ul><li>Developing c’tries faced trade restrictions, have lowly skilled workers, labour intensive industries, poorly paid by TNCs </li></ul></ul></ul>
  15. 15. Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Increased awareness of foreign culture </li></ul></ul><ul><ul><ul><li>through travelling, surfing the internet, watching foreign films </li></ul></ul></ul>
  16. 16. Impacts of Globalisation <ul><li>Social Impact </li></ul><ul><ul><li>Loss of local culture </li></ul></ul><ul><ul><ul><li>Global brands create homogeneous culture </li></ul></ul></ul><ul><ul><ul><li>Pop culture penetrates to many people </li></ul></ul></ul>
  17. 17. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>TNCs set up factories, pollute the air, caused environmental degradation </li></ul></ul>
  18. 18. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><ul><ul><li>Deforestation </li></ul></ul></ul><ul><ul><ul><ul><li>Forest cut down to make way for development </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. Brazil’s success as a beef exporter </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. Indonesia’s forests cleared for cash crops and development projects </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. China’s Three gorges project </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Soil erosion, extinction of flora and fauna, flooding, water pollution, haze </li></ul></ul></ul></ul>
  19. 19. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Environmental degradation </li></ul></ul><ul><ul><ul><li>Global warming </li></ul></ul></ul><ul><ul><ul><ul><li>Production of greenhouse gases into the atmosphere </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Increased global temperature </li></ul></ul></ul></ul>
  20. 20. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Increase in an awareness of Environmental management </li></ul></ul><ul><ul><ul><li>Want to ensure sustainable development through the preservation of resources </li></ul></ul></ul><ul><ul><ul><li>Eg. Conserving energy, use of alternative energy sources (wind, solar and geothermal power) </li></ul></ul></ul><ul><ul><ul><ul><li>Three Gorges Project – building a dam to generate power for industrialisation </li></ul></ul></ul></ul>
  21. 21. Impacts of Globalisation <ul><li>Environmental Impact </li></ul><ul><ul><li>Increase in an awareness of Environmental management </li></ul></ul><ul><ul><ul><li>Want to ensure sustainable development through the preservation of resources </li></ul></ul></ul><ul><ul><ul><li>Eg. Conserving energy, use of alternative energy sources (wind, solar and geothermal power) </li></ul></ul></ul><ul><ul><ul><ul><li>Three Gorges Project – building a dam to generate power for industrialization </li></ul></ul></ul></ul>
  22. 22. Sustaining Economic Development in a Globalizing World Case Study: Singapore
  23. 23. Case Study: Singapore <ul><li>Challenges in Singapore </li></ul><ul><ul><li>Transnational terrorism </li></ul></ul><ul><ul><li>Ageing population </li></ul></ul><ul><ul><li>Rise of China and India as competitors </li></ul></ul><ul><ul><li>Outbreak of diseases </li></ul></ul><ul><ul><li>Economic slowdown in other countries </li></ul></ul><ul><ul><li>Maturing domestic economy </li></ul></ul>
  24. 24. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy to reduce dependency on a single industry/ market </li></ul></ul><ul><ul><li>Nurturing growth of SMEs to provide jobs and support operations of TNCs </li></ul></ul>
  25. 25. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the economy </li></ul></ul><ul><ul><ul><li>Venture into Life Sciences </li></ul></ul></ul><ul><ul><ul><ul><li>A*STAR to manage R & D aspects </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Set up bio-medical research institution, IMCB (Institute of Molecular and Cell Biology) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Diagnostic testkit for SARS antibodies </li></ul></ul></ul></ul>
  26. 26. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the economy </li></ul></ul><ul><ul><ul><li>Attracting TNCs </li></ul></ul></ul><ul><ul><ul><ul><li>Generate jobs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Affirms Singapore’s position </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Seagate’s manufacturing activities in Singapore </li></ul></ul></ul></ul>
  27. 27. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul></ul><ul><ul><ul><li>Attracting TNCs </li></ul></ul></ul><ul><ul><ul><ul><li>Generate jobs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Affirms Singapore’s position </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Seagate’s manufacturing activities in Singapore </li></ul></ul></ul></ul>
  28. 28. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul></ul><ul><ul><ul><li>Focus on service industry – education </li></ul></ul></ul><ul><ul><ul><ul><li>Regional hub for education through the set up of branches of international universities to attract talents </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. University of Pennsylvania's Wharton School of Business, University of Chicago Graduate School of Business, Shanghai Jiao Tong University, Stanford University </li></ul></ul></ul></ul></ul>
  29. 29. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Diversifying the Economy </li></ul></ul><ul><ul><ul><li>Focus on service industry – tourism </li></ul></ul></ul><ul><ul><ul><ul><li>Need for Singapore to be innovative in offering man-made tourist attractions </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Compete with other countries with natural attractions and man-made attractions </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. IRs (Integrated Resorts in Marina Bay and Sentosa) to generate revenue and create jobs </li></ul></ul></ul></ul></ul>
  30. 30. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium Enterprises (SMEs) </li></ul></ul><ul><ul><ul><li>What are SMEs’ role? </li></ul></ul></ul><ul><ul><ul><ul><li>Providers of jobs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Support operations of the TNCs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Enhance Singapore’s attractiveness </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. Polar Café – a successful SME </li></ul></ul></ul></ul></ul>
  31. 31. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium Enterprises (SMEs) </li></ul></ul><ul><ul><ul><li>Shortcomings of the SMEs </li></ul></ul></ul><ul><ul><ul><ul><li>Lack of resources </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Lack of expertise in using advanced technology </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Lack of skilled professionals to manage company – more family-run </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Lack of capital to venture to overseas market </li></ul></ul></ul></ul>
  32. 32. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Nurturing growth of Small and Medium Enterprises (SMEs) </li></ul></ul><ul><ul><ul><li>Government’s role in supporting SMEs </li></ul></ul></ul><ul><ul><ul><ul><li>Loan schemes from banks </li></ul></ul></ul></ul><ul><ul><ul><ul><li>ASME (Association of Small and Medium Enterprises) to provide assistance </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Tax exemption up to three years </li></ul></ul></ul></ul>
  33. 33. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization </li></ul></ul><ul><ul><ul><li>Investing in countries with abundant land, lower labour costs and new market </li></ul></ul></ul><ul><ul><ul><li>Provide expertise and capital to develop industrial parks in return for land and labour for Singapore companies </li></ul></ul></ul>
  34. 34. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad – regionalization </li></ul></ul><ul><ul><ul><li>Ensures Singapore’s economic growth is maintained </li></ul></ul></ul><ul><ul><ul><li>Investment opportunities are spread </li></ul></ul></ul><ul><ul><ul><ul><li>Investing in countries with abundant land, lower labour costs and new market </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Provide expertise and capital to develop industrial parks in return for land and labour for Singapore companies </li></ul></ul></ul></ul>
  35. 35. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization </li></ul></ul><ul><ul><ul><li>Examples </li></ul></ul></ul><ul><ul><ul><ul><li>Suzhou Industrial Park = collaboration between China and Singapore </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Singapore Tech Park = collaboration between India and Singapore </li></ul></ul></ul></ul><ul><ul><ul><ul><li>SingTel has investments over 20 countries </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Singapore government invests in new markets such as Middle East, Latin America and Central and Eastern Europe </li></ul></ul></ul></ul>
  36. 36. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Venturing abroad - regionalization </li></ul></ul><ul><ul><ul><li>Shortcomings </li></ul></ul></ul><ul><ul><ul><ul><li>Less attached to Singapore </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Brain drain </li></ul></ul></ul></ul>
  37. 37. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic cooperation </li></ul></ul><ul><ul><ul><li>Problem </li></ul></ul></ul><ul><ul><ul><ul><li>Small domestic market </li></ul></ul></ul></ul>
  38. 38. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic cooperation </li></ul></ul><ul><ul><ul><li>Solution </li></ul></ul></ul><ul><ul><ul><ul><li>Sell products to bigger market </li></ul></ul></ul></ul>
  39. 39. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Expanding market through economic cooperation </li></ul></ul><ul><ul><ul><li>How to do it? </li></ul></ul></ul><ul><ul><ul><ul><li>FTAs (Free Trade Agreements) </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>ASEAN, NZ, Australia, USA, India, Jordon and South Korea </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>SEZ (Special Economic Zones) </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Less stringent economic laws </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Tax and business incentives </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Revitalise the islands of Batam, Bintan and Karimun </li></ul></ul></ul></ul></ul>
  40. 40. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li></ul></ul><ul><ul><ul><li>Develop people by </li></ul></ul></ul><ul><ul><ul><ul><li>Promoting local entrepreneurship and technopreneurship </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Willing to take risks </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Coming up with new products </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Amending bankruptcy laws </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Giving recognition to outstanding local entrepreneurs </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. Kenny Yap of Qian Hu Fish Farm </li></ul></ul></ul></ul></ul>
  41. 41. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li></ul></ul><ul><ul><ul><li>Promoting continuous learning among workforce </li></ul></ul></ul><ul><ul><ul><ul><li>WDA (Workforce Development Agency) to ensure workforce remains competitive </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Skills upgrading </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>ESS (Employability Skills Systems) to help workers adapt to new jobs </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>SDF (Skills Development Fund) provides financial assistance for skills upgrading </li></ul></ul></ul></ul></ul>
  42. 42. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing resources efficiently </li></ul></ul><ul><ul><ul><li>Attracting Foreign Talent </li></ul></ul></ul><ul><ul><ul><ul><li>To meet manpower needs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Bring in overseas contacts </li></ul></ul></ul></ul><ul><ul><ul><ul><li>More business opportunities, create more jobs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Diversify cultural landscape of Spore </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Eg. Engineers, Doctors, Craftsmen, artists, chefs etc. </li></ul></ul></ul></ul></ul>
  43. 43. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment - land </li></ul></ul><ul><ul><ul><li>To sustain growth and enjoy good quality of life </li></ul></ul></ul><ul><ul><ul><ul><li>Eg. Marina Bay will be integrated as a financial hub with quality housing, recreational and leisure facilities </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Jurong Island is a chemical hub </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Sungei Buloh Wetland Reserve, Chek Jawa are preserved nature sites </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Pulau Semakau used for waste disposal </li></ul></ul></ul></ul>
  44. 44. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment – Cooperation with organizations </li></ul></ul><ul><ul><ul><li>To sustain growth and enjoy good quality of life </li></ul></ul></ul><ul><ul><ul><ul><li>Eg. Cooperation with ASEAN to fight haze </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Eg. Signed international agreement that restricts the use of harmful ozone depleting substances (eg. CFCs) </li></ul></ul></ul></ul>
  45. 45. Case Study: Singapore <ul><li>Strategies to overcome challenges </li></ul><ul><ul><li>Managing the Environment – Public Education </li></ul></ul><ul><ul><ul><li>To sustain growth and enjoy good quality of life </li></ul></ul></ul><ul><ul><ul><ul><li>Recycling in schools </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Clean and Green Week </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Exhibitions, seminar, workshops </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Beach cleaning </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Planting of trees </li></ul></ul></ul></ul><ul><ul><ul><ul><li>“Bring Your Own Bag” day at supermarkets </li></ul></ul></ul></ul>
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