The Economic Transformation of Singapore

What is one of the key factors that contribute to Singapore's position as a global logistics hub?

• Its high population density

• Its strategic location at the end of the Malacca Strait

• Its large land area

• Its vast natural resources

Which empire controlled Singapore before the Portuguese raiders burned the settlements in 1613?

• The Majapahit Empire

• The British Empire

• The Ottoman Empire

• The Roman Empire

Who was the first democratically elected Prime Minister of Singapore?

• Goh Chok Tong

• Lee Hsien Loong

• Lee Kuan Yew

• Tony Tan

What was a major economic shift in Singapore during the 1980s?

• Expansion of the fishing industry

• Focus on agriculture

• Development of the tourism sector

• Shift to high-tech industries

What role does the Port of Singapore play in the global oil trade?

• It is a leading oil exporter

• It is a primary oil consumer

• It is a key refueling and resupplying station

• It is a major oil producer

What is a significant factor that attracts foreign enterprises to Singapore?

• Low income and corporate tax rates

• Corruption in the government

• Political instability

• High corporate tax rates

What is a requirement for Singaporeans who study abroad under government sponsorship?

• They must work in the private sector

• They must remain abroad

• They must pay back the sponsorship

• They must return to Singapore and work in the public sector

What is one of the goals of Singapore's housing policies?

• To provide affordable housing

• To increase property prices

• To limit housing development

• To ensure racial enclaves

What is a key feature of Singapore's public sector?

• It is highly inefficient

• It competes with private companies

• It is heavily reliant on foreign workers

• It is primarily focused on agriculture

What does Singapore's success demonstrate about governmental policies?

• They should be static and unchanging

• They should focus solely on natural resources

• They should adapt dynamically to global needs

• They should avoid international trade