The Political Risk Environment Is Predominantly Favorable For International Expansion

1027 WordsNov 17, 20155 Pages
The political risk environment is predominantly favorable for international expansion. Singapore has low political risk and was ranked as having the lowest political risk in the continent by the Political and Economic Risk Consultancy. Singapore is quite politically stable with a solid government and positive relations with neighboring countries. The political environment of Singapore is very stable. Singapore’s government is a parliamentary republic and The People’s Action Party (PAP) has ruled the government since 1959. There has been no major opposition to the party’s leadership; however, there has been some public unrest due to the increased cost of living and immigration policies. There have been no historical incidents of political violence against foreign investments in Singapore. Singapore stands against corruption and enforces anti-corruption laws such as the Prevention of Corruption Act through its government agency, the Corrupt Practices Investigation Bureau. Singapore has good relationships with its immediate neighbors and is in a prime location in Southeast Asia that business can use to access multiple markets. Singapore is a founding member of the Association of South East Asian Nations (ASEAN). ASEAN members include Thailand, Indonesia, Malaysia, the Philippines, Brunei, Cambodia, Laos, and Vietnam. ASEAN aims to promote regional peace and beneficial collaboration of Southeast Asian nations in order to facilitate economic, social, and cultural

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