Introduction

Since Singapore gained its independence in 1965, its economy had progressed due to globalization, rapid technological advances and the rise of China and India. With these different stages of development, Singapore’s labor market had adapted itself by transforming from a labor abundant and capital limited city into a labor deficient and capital rich country (Chia 2005). Singapore is now a popular export-manufacturing base, regional headquarter for foreign multinational company and a financial centre (Chia 2005). The industrial structure has also progressed from a labor intensive export manufacturing to a capital and technology intensive manufacturing, which hence provided capabilities to compete globally not only for its cost and efficiency but also for its innovation and creativeness (Chia 2005). Other crisis which also left a mark in Singapore’s employment structure were namely, the 1997/8 Asian economic crisis, the 2001 global downturn, the grow of......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Labor Market In Singapore
Approximate Word Count: 2161
Approximate Pages: 9 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Labor Market In Singapore, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!