Globalisation Is a Blessing for Singapore

1240 Words Aug 31st, 2010 5 Pages
“Globalisation has been a blessing for Singapore’s development.”

The world we live in today is characterised by globalised markets and a merciless pace of change. Powered by relentless technological advances, the forces of globalization have undoubtedly driven the ever-accelerating expansion in economic activity and capital flows, even opening previously closed sectors and countries. The economies of countries are becoming increasingly integrated with one another. Indeed, living in today’s globalised era, no country has been untouched by the expanding and influential force of globalization. Singapore is no exception, as evidenced by her miraculous evolution from a mere fishing village in the past to the cosmopolitan and vibrant
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Another benefit is the improved standard of living in Singapore. HDB flats ----even condominiums----- have replaced the dilapidated slums that used to be commonplace when Singapore was merely a fishing village. With the improvement in the transportation system, MRT stations and the Port of Singapore, including the Circle Line, were established, leading to an increased convenience in travelling. Even the Singapore Changi Airport has been recognised by the global cargo industry as the Best Airport in Asia. It is no wonder that Singapore emerged as Asia’s best location to live, work and play in the Mercer 2008 Quality of Living survey.

Yet, there are Singaporeans who argue that globalization has hindered their country’s development, placing doubts on whether their fellow Singaporeans will still remain rooted to their nation after migrating to other countries. Whilst Singaporeans venture for jobs overseas, foreigners will also migrate to work in Singapore, some of whom have decided to become Permanent Residents (PRs). With these foreigners bringing their own cultures and values, together with the exodus of local Singaporeans, social cohesion may be adversely affected. Singaporeans have also expressed concern over the issue of a sense of national identity. The issue of the

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