The Political Risk Environment Is Predominantly Favorable For International Expansion

Singapore’s political is orderly and stable. It is also the top 3 in the world free from corruptions. It is also cited from sources that Singapore is the world’s easiest place to do business and also the best business environment in Asia Pacific and the world.

Singapore is located at the centre of a crucial sea route in the far east. The sea route is controlled by the Japanese and attempting to prevent from the British claiming the control of the route.

Singapore had fought for its independence from the colonial grip of Great Britain. It is also a very egalitarian and liberalized country. It has been one of the biggest trading posts in the world and has become very wealthy. The (PAP) or People’s Action Party was the first universal suffrage movement. It’s led the country for many years, provided many social welfare programs and the people are very supportive of it. The party has been known for imprisonment and harassment but no known disappearances.

Singapore was founded in 1819 as a British trading colony. Although it joined the Malaysian Federation in 1963, it declared independence in 1965. Since then, it has been one of the world’s wealthiest countries with strong international trading. It has one of the world’s busiest ports. Geographically, it located in the Southeastern Asia, between Indonesia and Malaysia with total area 697 sq. km (land area 687 sq. km, and water 10 sq. km) (CIA, World Factbook, 2016).

Singapore is the nation of islands which is situated on the South of Malay Peninsula. Its area is only 704,0 square kilometers, and it is the smallest country in Southeast Asia. Its anthem is Majulah Singapura

In the years following the Civil War, several developments that came with the second Industrial Revolution fueled the nation’s urge for overseas expansion. Many Americans approved of overseas expansion, believing that the superior and exceptional United States functioned as an “international policeman,” and therefore had an obligation to civilize other countries, including the Philippines, Cuba, and Puerto Rico. Meanwhile, those who criticized overseas expansion believed that it violated the traditional American ideals of democracy and peace, and that the United States should focus more on the problems within the country. While the supporters and opponents of overseas expansion had entirely different views from each other, they were alike in that they both based their beliefs on the role of the country as an emerging power and its national identity.

Singapore soon became a major stopping point for traffic going to or from China” (world history book). Other kingdoms continued to evolve in Southeast Asia such as the kingdom of Burma, Thailand, and the Philippines. The Philippines has more than seven thousand islands that contain a wide diversity of landscape. Singapore was a developed city-state. “Malaysia was a prosperous nation on the southern part of the Malay Peninsula on the mainland of Southeast Asia” (Marshall Cavendish 1156).

Singapore is a self-governing city-state located in Southeast Asia. It is one of the smallest

Singapore, authoritatively known as the Republic of Singapore, is a sovereign city-state and island nation in Southeast Asia. It lies on the north of the equator, at the southern tip of the Malay Peninsula, with Indonesia's Riau Islands toward the south and Malaysia toward the north. Singapore's domain comprises of one fundamental island alongside 62 different islands. Since independence, broad land recovery has expanded its aggregate size by 23% (i.e. 130 square kilometres).

The Association of Southeast Asian Nations (ASEAN): is a regional economic integration bloc that includes 10 countries located in Southeast Asia. The ASEAN represents 620 million people.

As a regional hub for the Asia pacific region, Singapore and Singapore airlines play a major role in connecting people across the globe.

Lately, the international financial integration has increased. Over the years, the world economy has witnessed an increase in the number of individuals and businesses using international banking services. In today’s competitive global economy banks have the option to solely service their home market, to export services to foreign markets, or to establish a presence in that market. Essentially, banks have two options of expanding their operations in foreign markets. They can either service foreign clients through their domestic offices or they can establish a presence in the foreign markets. In general, the reasons for bank internationalization in

Singapore is an island that lies just off the southern tip of the Malay Peninsula between the South China Sea and the Indian Ocean. Its strategic location on major sea lanes has provided the country with an economic importance in Southeast Asia. Singapore is often considered as a base for global enterprises looking to expand into Asia and Asian enterprises looking for global connectivity. Located at the heart of Asia, Singapore is sitting at the centre of business opportunities. Having the four key attributes - Trust, Knowledge, Connected and Life, Singapore is being positioned as an ideal city to Work, Live and Play. Singapore was ranked first in Mercer’s Quality of Living Survey 2009.

The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).

Announced by BBC News, Singapore is ranked at the top as the “Easiest Country to Start a Business” and “World’s Top 20 Most Globalized Nations". One of the main reasons is because of Singapore’s strategic location is at the heart of ASEAN (Association of South East Asian Nations). This enables the business to be access up to 8 billion people within a seven-hour flight radius.