Chapter 5 : why is there greater diversity in Singapore
Factor 3 : greater diversity due to socio- economic environment
A safe environment
immigrants consider safety and security when deciding on the country to work and lie in
Foreigners and supporting communities thrive in this environment
Low crime rate and laws that protect individuals and their properties indicate level of safety
which benefits business and citizens
Community support
Wide range of ethnic communities and cultures from all over the world found in Singapore
Many ethnic communities gather in certain districts to strengthen ties
immigrant communities bring with them distinct national identities to Singapore
e.g. ethnic practices unique to their countries of origin
Education system
Singapore
Well-recognised, effective and high standards
Public schools accept international students
Teriary institutions offer a wide variety of courses and high standards of certification
outcome
Singapore
Become a well-known hub for quality education
international students add to the diversity in schools through sharing and learning
Factor 2 : greater diversity due to economic opportunities
Well-established judiciary system
Singapore
Least corruption in Asia
Strict laws and legislation imposed on business transactions ensure that corruption is kept to a minimum
Growth potential of business
Stable political environment
Singapore
Best investment potential
Singapore ranked 1 out of 50 countries
Stable political and economic climate creates an ideal environment for investments
No restrictions on the flow of capital for business
Stable political and economic climate creates an ideal environment for investments
Most favourable operating conditions and strong diplomatic ties
Stable political and economic climate creates an ideal environment for investments
Ease of doing business
Singapore
Easiest place to do business
Hassle-free way in which administrative matters are handled
Simplifies the process of setting up business
By making it easy to establish a company
by registering for taxes using the same online form
Having forms for construction permits
new workplace safety and healthcare regulations can also be submitted online
eased property registration
by improving its computerised system
Factor 1 : greater diversity because of immigaqtion policy
Relax immigration policy
Immigration policy was revised to make it easeir for foreingners to come into the country, as well as to study, work and start famillies here in SG
Subsidised housing
Attractive education pakages
Easier entry requirement
Challenges faced due to the changes in immigration policy
Tension between
Singaporeans and foreigners
Feel that foreigners are competing with their opportunities and resources
Singaporeans feel threatened because they feel like they are no longer prioritised
For allowing too many foreigners to come into the country
Singaporeans and governments
for allowing too many foreigners to come in into the country
Greater diversity as a result of immigrants bring their experiences from their country
immigrants contribute ideas and expertise to Singapore
Part 1 : shrinking population leads to revising immigration policy
Low birth rates
Singapore's overall citizen is predicted to decline from 2025 onwards if current low birth rates persist
The number of elderly will almost double from 440000 in 2015 to 900000 by 2030
Brain drain
Professionals find it easier to work overseas e.g.Australia as they could speak english
There is more working opportunities overseas for better life
Revising immigration policy
Government's foreign workforce policy evolved overtime
To meet Singapore's manpower needs
new policy focuses on higher-skilled foreign workforce to support a knowledge base economy
help bring money for country
help strengthen Singapore's economy
Challenges of declining birth rates
Unattractive to MNCs
Hinders economic progress
Consumer market is too small
Less profit for businesses because lesser people buying their products as compare to countries with bigger populations
China : 1.4 billion
Singapore : 5.4 million
Smaller pool of labour + labour cost will be higher
Higher cost of operation + lower profits
Ageing Population
Fewer young people give birth
in the future, there will be less working people
Fewer people to tax, Therefore taxes will increase for existing people
Government revenue will be affected, economy will be affected
Weaker defence for the country
Fewer people to sign up for NS
Weaken SG's defence because chances of external attacks will increase because we are seen as an easy target
More unrest and insecurities in the nation