How Successful Is Singapore in the Sporting Industry

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I. Introduction The body of this report is divided into two main sections. The first part addresses the main sports development in Singapore and the second assesses these developments and sheds light on problems encountered in the related developments. II. Sports Development in Singapore Much of Singapore’s economic success has been attributed to its status as a world-class commercial and trading centre. In the past century, the government has focused most of the nation’s policies to boost its economy and establish the country’s reputation in the global market. There were sparse efforts to refine plans and raise its sports profile. The report from the Committee of Sporting Singapore (CoSS) in 2001 stated that sports in…show more content…
2. The World Stage and Gaining International Recognition The 21st century marked a great sporting decade for Singapore as the country gained many opportunities to showcase herself globally. The most evident milestone came when Singapore won the bid to host the 117th International Olympic Committee (IOC) session in 2005. The nation displayed its capability to organise international events with great efficiency and impressed the delegates from around the world. Thereafter, it was announced in 2008 that Singapore won the bid to host in the inaugural Youth Olympic Games. In the years that followed, Singapore has attracted major sporting events such as the Formula One Grand Prix sole night race, the first Asian Youth Games and other World tournaments of various sports such as Badminton, Netball and Table Tennis are scheduled to be held later this year. Such international spotlight on the nation inspires and challenges the local athletes to put their best foot forward in pursuit of sports excellence. 2. Nurturing Athletes for Sports Excellence The committee has initiated several programs to groom athletes in achieving sports excellence. These include the Foreign Sports Talent Scheme (FST) and the Sports Excellence Talent Elite Athlete Management (spexTEAM) program. The FST is a scheme where sports officials scout for non-Singaporeans who have potential sport talents and facilitate their migration to the

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