Country composition
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Singapore Nation
Rationale
The reason for choosing to study Singapore is because the nation has interesting facts. While most people still regard it as a city, Singapore became a sovereign nation in 1965 after attaining independence from the United Kingdom. Considered both a city and sovereign state, Singapore becomes the ideal country to explore.
Location
Singapore is in Asia. It covers a land surface of 687 square kilometers and water surface of 10 square kilometers (World Atlas). The country falls between the Indian Ocean and the South China Sea (See map in the appendix section). The country also has multiple sea inlets and straits. The main countries that border Singapore are Malaysia and Indonesia.
The country is not prone to natural hazards and disasters. The main reason is that it is protected against the common volcanic activity in the region by the Indonesian, Malaysian and the Philippines Islands. Through its history, the country has not experienced notable weather vagaries and climate-related disasters, except for a few flash floods and mudflows.
Country Information
In Singapore, people aged 15 years and above are fully literate. This gives a 97% literacy rate. With regards to urbanization, 100% of the country’s population lives in urban regions. The urbanization rate is at 1.39%. The most significant urban area is Singapore City, with a population of 5.792 million. Singaporeans are 33.2% Buddhist, 18.8% Christian, 14% Muslim, 10% Taoist, 5% Hindu and 0.
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6% distributed across other religions. 18.5% do not belong to any religious affiliation. 2.9% of Singapore’s GDP goes to the education sector.
The average school life expectancy from primary to tertiary level is 13 years. The country’s largest population comprises of people from 25-54 years while the lowest age group comprises of people from 65 years and above. 0-14 years make up 12.82% while 15-24 comprise 16.56% of the population. People aged 55-64 make up 10.46% of the total population (The World Fact Book).
Assessment of Findings
From the data about Singapore, the best opportunity lies in urban investments. Because nearly the whole population resides in urban areas, there is a ready market for most investments. The consideration that would impact on shipping, labor, and other operations include population distribution, access to transport facilities and costs. Business operations in the country foresee minimal investment risks due to the country’s long-term political stability and economic growth rate.
Works Cited
The World Fact Book. East Asia & Southeast Asia: Singapore. 2018. Web. September 13, 2018. https://www.cia.gov/library/publications/resources/the-world-factbook/geos/sn.html
World Atlas. Where is Singapore? 2018. Web. September 13, 2018. https://www.worldatlas.com/as/sg/where-is-singapore.html
Appendix: Map of Singapore
Fig. 1: Map of Singapore (The World Fact Book)
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