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Singapore Importance Introduction Singapore is a small646 km2 tropical island just S of Malaysia 165 N of the equator Singapore is located at the crossroads of international trade routes Singapore is recognised as a major centre for global trade Singapore provides international businesses with a total operating capability in a conducive business and free trade environment Singapore is a key regional trading centre the worlds second busiest port and a top location for investments in the Asia Pacific Singapores free-enterprise spirit extends to its relations with foreign investors The government has adopted an open-door policy and welcomes foreign investment as well as foreign expertise The unique advantages of strategic location stable government competitive workforce forward-looking economic policies and pro-business environment have enabled Singapore to be the worlds gateway to Asia Free Trade Zones allow for import export and customs formalities to be kept to a minimum making transhipment and redistribution easy This not only facilitates the efficient movement of trade but also keeps the cost of trading in Singapore low Some 5000 multinational companies to use Singapore as a base for their global operations Foreign investors can leverage on Singapores strengths to capture opportunities in the region Urban dynamics Like other big cities with limited land areas Singapore decided to build up rather than out This decision proved pivotal for it allowed city planners to control sprawl maintain and even expand parks and protected areas limit highway construction build public transport networks and zone development so that people could live and work in the same areas One of the governments most important roles was the oversight of land use and development This was a particularly critical issue given the countrys minute size and dense population a total land area of 636 square kilometers and a population density of 4166 per square kilometer made Singapore one of the most densely populated countries in the world The growing impacts of
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