Industry in Singapore

Paper Summary:

This business management report assesses the impact of external and internal factors on the Singapore industry and evaluates the Singapore industry-sector response. The paper focuses on manufacturing and cites Singapore's competition in Southeast Asia. The paper lists which industries make up the manufacturing sector, and states that there is continuous growth in this area. The paper then identifies where innovation and improvement is necessary in manufacturing. Charts and tables are used to illustrate this point. The paper also highlights some of the initiatives taken in manufacturing to keep Singapore competitive, and the impact of foreign equity investment. The paper concludes by stating that the government of Singapore has made many necessary changes and transitions toward positioning the country for economic growth.

Outline:
Introduction
Singapore's Manufacturing Sector (2006)
Innovation Needed in Singapore's Manufacturing Industry
Weaknesses Identified in Singapore's Manufacturing Sector
Innovation Is 'Key' In Singapore Manufacturing Segments
Singapore - Impact of Foreign Direct Investment (FDI)
Summary

Figure 1 - Percentage of Investors with a More Positive Outlook
Figure 2 - External Trade & Manufacturing - Singapore - November 2006
Figure 3 - International Comparison: Innovating Enterprises in Manufacturing Sector (Percentage of Total Number of Enterprises)
Figure 4 - Principal Statistics of Manufacturing - Singapore
Figure 5 - Components of Foreign Equity Investment (Stock at Year-End) 2003 and 2004
Figure 6 - Components of FDI (Stock at Year-End)
Figure 7 - Percentage Share 2003 and 2004
Figure 8 - Singapore - FDI by Region

From the Paper:

"The work entitled: "The Pattern of Innovation in Singapore's Manufacturing Sector" published in January 2003 reports a study of Singapore's manufacturing sector through use of the results of the first national innovation system (NIS) survey. the study reports that Singapore "has a long way to go in its development of an innovation-based economy" but that progression "has been made, with companies making visible efforts to engage in innovation activities." This is important because as stated by the report "innovation activity" has been found to be "positively related to sales volume, sales, growth, employment growth and internationalization." (Ibid) "

Sample of Sources Used:

• Upgrading Capabilities in the Manufacturing Industry (1996) IDA Singapore - News and Events 2 December 1996. Online available at: http://www.ida.gov.sg/News%20and%20Events/20050726151313.aspx?getPagetype=20
• The Pattern of Innovation in Singapore's Manufacturing Sector (2003) Singapore Management Review. Goliath Online available at: http://goliath.ecnext.com/coms2/summary_0199-2495748_ITM.
• Wetzel, Hayden (nd) Industrial Process Controls - Singapore ) Industry Canada - http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/en/gr-98609e.html
• Ng, Hawcheng (nd) Aircraft Repair and Maintenance Industry Report - Industry Canada - http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/en/gr-75814e.html
• Ng, Hawcheng (nd) Security Hardware and Systems - Singapore - Industry Canada - http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/en/gr-77463e.html

More papers on Industry in Singapore:

• Essay # 89868 : "Economic Growth in Singapore and Hong Kong"
• Research Paper # 61365 : "E-mail Marketing in Singapore"
• Essay # 36225 : "Singapore's Telecommunication"

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