The document uses a cake shop scenario to represent Singapore's economy, with the cake shop representing Singapore, its workers representing small and medium enterprises, and a nearby factory representing large multi-national corporations. Goods produced at the cake shop are traded with "aunties" representing other countries. The scenario discusses constraints Singapore faces in growing its economy and how increasing overseas investments in other countries through new branches can help address these constraints.
Information and knowledge are decisive in human development. Since the industrial revolution, information architecture designed on the principles of industrial economy has been predominant in the functioning of the society. The technological advances in Internet and Telecommunications within the society aided the shift from industrial economy to a services based economy are creating a foundation for a new order of information and knowledge access, control and transfer. The implications on the functioning of the governments, corporations and society notwithstanding, remains uncertain if these forces will lead to strengthening the order of information feudalism or would they create conditions for decentralization and diffusion of information resources creating a new order of social production and exchange at the core of the economy rather than the periphery . We examine the implications of these structural changes on the governments, private corporations and society in the context of emerging economies.
Information and knowledge are decisive in human development. Since the industrial revolution, information architecture designed on the principles of industrial economy has been predominant in the functioning of the society. The technological advances in Internet and Telecommunications within the society aided the shift from industrial economy to a services based economy are creating a foundation for a new order of information and knowledge access, control and transfer. The implications on the functioning of the governments, corporations and society notwithstanding, remains uncertain if these forces will lead to strengthening the order of information feudalism or would they create conditions for decentralization and diffusion of information resources creating a new order of social production and exchange at the core of the economy rather than the periphery . We examine the implications of these structural changes on the governments, private corporations and society in the context of emerging economies.
It’s tempting to file digital innovation and technology under the same label, but the two are not the same.
While technology may be the method by which you accomplish a task, digital innovation is more
closely aligned with an overall vision, with all elements working together to create new revenue streams, business models and products. It’s a transformation to a different mindset for your business.
It’s about using digital services to innovate and provide new and better ways to sell your products while improving the customer experience. Learn more at www.virtual-solutions.co.uk
Meet Magento Belarus - Thomas Fleck speech on: What makes Magento special and why Meet Magento community is important
http://by.meet-magento.com/
http://amasty.com/
How big data training in Singapore can improve the productivity of your busin...thatshareesman
The profit of an organization depends upon the improvement in productivity.
http://www.ikompass.edu.sg/trainings/data_science_ccc-big-data-foundation-2/
It’s tempting to file digital innovation and technology under the same label, but the two are not the same.
While technology may be the method by which you accomplish a task, digital innovation is more
closely aligned with an overall vision, with all elements working together to create new revenue streams, business models and products. It’s a transformation to a different mindset for your business.
It’s about using digital services to innovate and provide new and better ways to sell your products while improving the customer experience. Learn more at www.virtual-solutions.co.uk
Meet Magento Belarus - Thomas Fleck speech on: What makes Magento special and why Meet Magento community is important
http://by.meet-magento.com/
http://amasty.com/
How big data training in Singapore can improve the productivity of your busin...thatshareesman
The profit of an organization depends upon the improvement in productivity.
http://www.ikompass.edu.sg/trainings/data_science_ccc-big-data-foundation-2/
1. factory
Cake Chat
Cake Chat
Cake Chat
Option 2: Work with friends to
Open Branches
Work with your friends to open
new cake shops else where to
sell to more people!
7. factory
TNCs
Cake Chat
Singapore
SMEs
Goods & Services
In this scenario, the cakes refers
to the goods and services
produced in SG's economy.
8. factory
TNCs
Cake Chat
Singapore
SMEs
Goods & Services
The Aunties represent
other countries which
Other Countries
trade with Singapore.
9. factory
TNCs
Cake Chat
Singapore
SMEs
Goods & Services
Like mentioned in the scenario,
what are we going to do when
we are trying to grow our
Other Countries
economy?
10. factory
TNCs
Answer on your paper
1) What are the
Cake Chat
Singapore
constraints Singapore
face when it tries to
grow its economy?
2) How will this affect
SMEs
Singapore's economy?
Goods & Services
Like mentioned in the scenario,
what are we going to do when
we are trying to grow our
Other Countries
economy?
11. factory
TNCs
The friends
represent other
countries too
Cake Chat
Singapore
SMEs
Goods & Services
Other Countries
12. factory
TNCs
Cake Chat
Cake Chat
Singapore
Cake Chat
SMEs
As for the
Goods & Services branches...
Other Countries
13. factory
TNCs
Cake Chat
overseas
Cake Chat
Singapore
investments
Cake Chat
overseas
investments
As for the
Goods & Services branches, they
refer to overseas
investments SG
has made with
Other Countries other countries.
14. Resources:
Textbook Pg 68 to 70
http://sbr.com.sg/economy/news/singapore’s-overseas-investments-soared-17
http://www.sembcorpmarine.com.sg/index.php?page=overseas
15. factory
TNCs
Cake Chat
overseas
Cake Chat
Singapore
investments
Answer on your paper
3) What are some of SG's overseas
investments? Cake Chat
overseas
4) How does it help Singapore grow its investments
economy?
5) How does it help Singapore if
Goods & Services
Singapore's economy is not doing
well?
5) What Countries globalisation was
Other feature of
used to make this possible?
16. Resources:
Textbook Pg 68 to 70
http://sbr.com.sg/economy/news/singapore’s-overseas-investments-soared-17
http://www.sembcorpmarine.com.sg/index.php?page=overseas
Done?
Go to the other option
Try Scenario 1