Innovation in Transport Industry Introduction After Singapore independence, Singapore’s bus service was provided by numerous small operators and was highly split with both service and safety standards were low. The aggressive competition by the private bus companies led to poor service, lack of incorporation and network economies eventually resulting in the immediate bankruptcy of many of these companies. The government moved in a team of civil servants, take over the fragmented companies and put
recent Human Development Index (HDI) which measures overall well-being of the people. So, with the recent phenomenon of globalization becoming ever more widespread in our society today, there is no doubt that it has impacts, both positive and negative, on the development of Singapore as
such powerful factor that has facilitated a great deal of change is Globalization. The Oxford English dictionary describes the noun globalization as the process by which businesses or other organizations develop international influence or start operating on international scale (Oxford 2010). It is gateway for developing countries to compete with developed players of the global market as Harrison (2010) defined “the idea of globalization involves removal of barriers between countries”. To produce a commodity
Introduction Globalization is an ongoing process integrating economies, industries, markets, cultures, societies and policies around the world. Whether globalization is good or bad is a question that people around the globe are constantly debating over. The answer depends on which part of the world you stand on, for globalization have different impacts on every ‘participant’. The Good The good side of globalization is that it promotes open markets which allows businesses to communicate effectively
Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. It not only increases international trade but also cultural exchange. Globalisation touches all aspects of a nation, be it economic, political, or sociocultural. The main objectives of globalization include – incorporating all the people from different worlds into a single global society which
Now, we will look at how globalization has impacted the lives of people who live and work there in terms of the economy, employment, lifestyle, education, division of labour, export and import factors, increased investments from foreign companies, and The Singapore economy is unique and is heavily dependent on exports and imports and high FDI levels in order to achieve sustainable growth. Globalisation has helped Singapore attain actual economic growth through increased international trade. Actual
Majeerah B. Sinarimbo September 26, 2012 Political Science 160 SINGA-PURA (SINGAPORE) The world becomes more and more complex. Things have never been the same. Changes became rapid and impulsive that at some point, we are confused as to how to address these changes. Conflicts of the early times are not the same with what we 're facing today. Solutions of the past are not exactly effective in the present. We, humans, we 're never stable. The complexity of our behavior is a great manifestation
contribute to a possible anomie among workers in a globalized workplace? Particularly in the case of Singapore as a highly globalized city-state with a rising number of MNCs established locally, an increasingly diversified workforce seems to have intensified competition, widened differences and weakened solidarity among workers. This paper seeks to discuss causes of a rising Anomie in the Singapore workplace and how it can eventually lead to latent struggles between management and workers that in
any viable vision of a better world can possibly be constructed.” Jonathon Porritt Globalization and sustainability are forces that are in constant competition. In this global game there emerges a clear victor and an inevitable loss. As a political, social, and economic force, globalization has expanded to encompass our global society; it creates change. As the light falls on those affected by globalization, the practitioner and the subject are brought forth and examined. Where there is progress
Abstract Globalization can be viewed as a system of interactions or global relationships between economies and people from all different countries over the world. Globalization can be contended as a device for financial development, headway and thriving through co-operation between the created and creating nations. Those in favor of globalization argue that the advantages of globalization conveys to creating countries outperforms the negative effects caused by globalization, and possibly even going