The following are TWO strategies to overcome challenges of globalisation:
i. Managing resources efficiently
ii. Venturing abroad

Which is more important in ensuring Singapore's future economic developments? Explain your answer.

Issue: Singapore's future economic development
Given Factor :
a.Managing resources efficiently
b.Venturing abroad

Rank:
Primary Factor:
Venturing abroad as Singapore is too small to depend on herself. Economic development has to be generated by participating in a globalised world economy.
Secondary Factor:

Managing resources efficiently is also important as Singapore is a small country with limited land,people and water. If these resources are not managed efficiently, then it will not be a good environment for economic development. But being able to manage the environment alone is not sufficient to ensure economic development.

Singapore still need to depend on other countries like China, Japan and United State to sustain her economic development. This is because she has to sell her goods and services to these countries.


Suggested answer.

Several important strategies have been used in ensuring Singapore's future economic developments. Two of these strategies are to manage her resources effectively and venturing abroad.


One of the ways to manage Singapore resources effectively is to develop Singapore human resources. In a globalising world, business competition will increase, it is critical to train a pool of entrepreneurs to venture beyond the boundary of the country. This can help to create more business and trade opportunity for the country's industry. This can prevent the nation from becoming stagnant.

Another way is to ensure that the workforce must be trained and retrained in order for them to remain competitive in the global economy where businesses are getting more mobile. This is critical as it ensure that they remain relevant in the ever changing economy.

Meanwhile the country must continue to try to attract foreign talent. This would help to ensure a ready of experts to be employed in the different industry. The foreign contact which they bring can help to create more business opportunities.

Beside managing the human resources, we must also ensure that the physical environment is well managed. The physical condition of the nation must be maintain in order to continue to attractive to foreign investment. For example, built across the mouth of the Marina Channel, the Marina Barrage creates Singapore’s 15th reservoir, and the first in the heart of the city. With a catchment area of 10,000 hectares, or one-sixth the size of Singapore, the Marina catchment is the island’s largest and most urbanised catchment. Together with two other new reservoirs, the Marina Reservoir will boost Singapore’s water catchment from half to two-third's of the country's land area.In this way Singapore need not depend on Malaysia solely for her water needs.

Although managing Singapore resources is a necessary strategy for Singapore future economic development, it is not a sufficient condition. She still has to venture abroad.

Singapore can invest in their neighbouring countries so as to tap on the lower labour costs and new market . For example, Singapore has developed several industrial parks in India, Vietnam and China so that Singapore's business can tap of these countries cheaper resources. In this way, Singapore's economic development can be ensured as the business continue to grow.

Another way it to have cooperation with other countries like forming partnership with other nations which can further strengthen relationship between the nations. Hence, promoting further growth between the 2 countries. One method is to sign Free Trade Agreement with countries like China, New Zealand and Australia. It can help open up more trade and business opportunities for the companies in both partnering countries. These investment can ensure long term growth. The spread of investments across the world would help to ensure that the country's economic growth is maintained even if the markets and investment in one particular region are weakened.

Ultimately, Singapore must always look to the world for her future economic development as her domestic market is too small to sustain her economic growth.Therefore venturing abroad is a more important strategies then managing her resources effectively. Even in her desire to manage her human resources effectively, she still has to venture abroad to attract foreign talent, train entrepreneurs to venture beyond the boundary of the country.Therefore I believe that venturing abroad is the more important strategy.

Sustaining Economic Development

How far was the economic impact of globalisation an important benefit to the world? Explain your answer. [12]

Issue : What benefit does globalisation brings to the world?
Given Factor: Economic impact of globalisation
Alternative Factor: Social impact

Globalisation is a double-edged sword. The forces of globalisation will bring about several impacts. These impact can produce both benefit and problems.

The economic impact of globalisation can bring about important benefit to the world. With globalisation, it brings about greater amount of trade and industrial development. This would help to create employment opportunities thereby reduce problems caused by unemployment. Many countries can also enjoy increased in their income levels. As countries generate more revenue, the money collected can be channelled to improvement in education, health, defence, housing and transportation for the people in the country. The standard of living for the people would improve. In this heighten competitive world, countries would work to remain competitive in this global world. In the process of improving its competitiveness, the people would also get to enjoy the improvements made in the country.

Apart from producing economic impact,globalisation will also bring about social impact which can also bring about benefit to the world. With increase in globalisation, people become more aware of different cultures. Through the different media, one can learn about the history, culture and way of life of people around the world Globalisation creates opportunities for the world to interact. This helped to create opportunity for greater understanding, appreciation and integration of the different cultures in the world. In the long run, it would helped to encourage world peace where people around the world will see beyond their differences. Therefore the social impact of globalisation can also bring about benefit to the world.

Apart these two impacts, globalisation can also bring about environmental impact. Due to globalisation brought about an increase in environmental degradation. However, due to increase in globalisation has also helped to increase a global awareness of environmental management
More countries are looking at seeking alternative energy sources, such as wind, solar and geothermal energy to provide for the energy it needed. In this was teh environmental impact of globalisation can also benefit the world.

Utimately, it is difficult to seperate the benefit in to economic, socail and environmentl impact. Globalisation will bring important benefit to the world.

What to focus on? the Million dollar question.

Notes from the Ess

Recommendation.

Remember for SEQ you need only answer ONE question.

Below are all the themes for the ss syllabus.They are

1.Singapore as a nation in the world

2.Understanding Governance

3.Conflict and Harmony in Multi Ethnic society

4.Managing International Relations

5.Sustaining Economic development

6.Facing Challenges and Changes

Since theme one is very important, it is not examined. No question will be tested on that. BUT you must read up on that.

You need to study three themes in order to be able to answer that one question.

When I say study three themes, I mean everything inside each theme. YOU CANNOT AFFORD to drop any sub theme.

I recommend theme 2,4,5. so even if 3 and 6 come out, you can still do the last question which must be from 2,4 or 5 right?

Of course you are free to select other combination like 2,3,4 or 4,5,6 or 2,3,5

Just as long as you study three themes you will be able to answer a least ONE question which is what is required in the exam.

REMEMBER:

1.NO Short Cut

2.Study everything within the theme.

3.Reader beware: I am not responsible for your selection of themes. That responsibility lies in your hand.

Click on the label on the blog to go to eachparticular theme

Theme 1. SINGAPORE AS A NATION IN THE WORLD

New nations face political, social and economic challenges to survive and progress in the international community. They need to stay alert and nimble in responding to these challenges. Singapore tries to overcome these challenges through the leadership and common will of its people and by working with other nations.

How do nations come into being and what challenges do they face?

Nationhood and Its Challenges

• What is a nation?

• Challenges faced by new nations such as Singapore

- national identity

- stable government

- social cohesion

- economic development

- defence and security

- diplomacy


Students will be able to:

• explain the concept of nationhood

• discuss challenges faced by new nations

• understand the unique challenges Singapore faced as a newly- independent nation

This theme provides the backdrop for the understanding of subsequent themes and sets Singapore in the context of the world. This theme is non-examinable.


Theme 2.UNDERSTANDING GOVERNANCE

Good governance determines the viability, development and progress of nations. Guided by a set of principles, policies are formulated and implemented to meet the needs of the people and nation. Understanding governance enables us to be aware of the complexities of decision-making in a society and world that faces rapid change.

Why is governance important?

2.1 Policy Process: Formulation and Implementation

2.1.1• Meeting the needs of the people and nation, using the transport policy as an example to examine:

- principles of governance

- roles and responsibilities of the legislature, executive and judiciary

- role of media and feedback channels in the policy process

2.1.2• Case study of Singapore’s population policies to examine policy changes over time

- population policies from the 1970s to the 21st century

- challenges of and responses to ageing population and declining birth rate

2.2.Similar Problems, Different Approaches

2.2.1• A comparative study of public health care policies in Singapore and United Kingdom

- how policies work in different countries

- impact of policies on society and nation

Students will be able to:

• understand the significance of government structure

• recognise the importance of principles of governance in policy formulation and implementation

• evaluate the role of communication channels in policy-making

• recognise that policies change to meet changing needs of society and nation

• recognise that different governments adopt different approaches to solve similar problems

• evaluate the effectiveness of the policies in meeting the health care needs of the people and nation

Theme 3.CONFLICT AND HARMONY IN MULTI-ETHNIC SOCIETIES

Different ethnic, religious and cultural groups contribute to the diversity and richness of multi-ethnic societies. However, it is important to be vigilant against the forces of divisiveness that cause conflict and disintegration of societies. Common bonds should be strengthened to unite the people as a nation

Why is harmony in a multi-ethnic society important to the development and viability of a nation?

3.1 Discord and Disunity

3.1.1• Case studies of Sri Lanka and Northern Ireland

i. - causes of conflict among ethnic and religious groups

ii. - manifestations of conflicts

iii. - impact of conflicts on political, social and economic development

iv. - efforts to resolve the conflicts

3.2 Social Cohesion and Harmony

3.2.1• Case study of Singapore

3.2.1.1- internal and external threats e.g. Race Riots in Singapore, terrorism

3.2.1.2- managing ethnic diversity and its challenges

i. addressing the needs of the different ethnic groups e.g. policy of minority representation

ii. integrating the ethnic groups in society e.g. forging national identity, developing common space


3.2.2• benefits of a harmonious multi-ethnic society

Students will be able to:

• explain why conflicts exist among different ethnic and religious groups

• analyse the political, economic and social impact of ethnic and religious conflicts on the people and nation

• value the need for non-violent approaches like negotiation, mediation and cooperation in resolving conflicts

• explain the internal and external threats to Singapore’s harmony

• recognise the need for ethnic and religious sensitivities and tolerance
• explain how social cohesion and racial and religious harmony can be achieved in a multi-ethnic society

• appreciate living in a multi-ethnic society

Theme 4.MANAGING INTERNATIONAL RELATIONS

Conflicts among nations exist as countries strive to safeguard their national interests. When deterrent and diplomatic measures fail to resolve conflicts, war can result. World and regional organisations like the United Nations play crucial roles in resolving conflict among nations. World security is further complicated by new threats such as transnational terrorism which is a challenge to all nations in achieving peace and prosperity.

How important is deterrence and diplomacy in maintaining international relations among nations?

4.1 Why Conflicts Exist among Nations

• Causes of international conflicts

4.2 How Singapore Ensures its National Security

• Singapore’s two-pronged approach of deterrence and diplomacy:

4.2.1Deterrence:

i.Total Defence strategy

ii.professional and citizen armed force

iii.defence industries

iv.joint military exercises with other nations

v.multi-agency coordination on security

4.2.2Diplomacy:

i.bilateral and multi-lateral relations

ii. membership in regional and international organisations e.g. ASEAN and UN

4.3 How Conflict in One Region can Affect the Rest of the World

4.3.1• Case Study of Iraq-Kuwait Conflict (1990-91)

- causes of conflict

- role of UN

- impact on the rest of the world

4.3.2• Transnational Terrorism: A new threat to world security

- impact on world and national security

- measures to deal with transnational terrorism




Students will be able to:

• understand why conflicts exist among nations

• recognise the need for a two-pronged approach of deterrence and diplomacy
• explain the need to be self-reliant for Singapore’s security
• recognise the need for coordination among agencies to maintain a high level of vigilance

• understand the role and relevance of regional and international organisations, particularly to small countries
• recognise the importance of international cooperation

analyse causes of conflict

• evaluate role of UN

• evaluate impact of conflict on nations involved and the rest of the world.

• recognise terrorism as a growing challenge to world security
• examine the measures undertaken to deal with transnational terrorism
• understand the impact of terrorism on world and national security

Theme 5. SUSTAINING ECONOMIC DEVELOPMENT

Globalisation of the world economy presents new challenges and opportunities to nations. Adopting proactive and effective strategies to remain economically competitive would help the nations to develop and progress in an increasingly competitive world economy.

How do nations sustain their economic development in a globalised world?

5.1 Sustaining Economic Development in a Globalised World

5.1.1• Globalisation and its challenges and opportunities

- scarcity of resources

- globalisation and its effects on national and world economies

- competition for investment and markets e.g. industrial parks, port and air services

- effects on employment and competition for talent

- balancing economic development with environmental management e.g. air pollution and tourism industry in Southeast Asia

5.1.2• Singapore’s strategies for economic development in a globalised world

i. - diversifying the economy

a.manufacturing and services as twin engines of growth e.g. bio-medical research and education

b.venturing abroad e.g. Singtel

ii.- nurturing growth of SMEs e.g. financial assistance

iii.- expanding market reach through economic cooperation e.g. Free Trade Agreements

iv.- managing resources

a.optimising human capital e.g. continuous learning and training, developing innovation and enterprise; attracting and retaining talent

b.optimising landuse e.g. Jurong Island and Downtown Marina projects

Students will be able to:

• understand how scarce resources affect national and world economies
• explain how globalisation creates opportunities and challenges for nations
• understand how environmental management is necessary to ensure economic growth

• explain the need for diversification and establishment of niche industries to maintain competitive edge
• understand the importance of foreign ventures

• appreciate that not all ventures are successful
• recognise that risk-taking is needed for economic growth
• recognise the role of SMEs in economic development
• understand the importance of economic cooperation with other countries
• evaluate the importance of managing resources

Theme 6. FACING CHALLENGES AND CHANGE

Nations that survive and succeed are those that are able to face challenges and develop into viable entities. However, failure to respond to the changing global landscape over time may result in a nation fading into obscurity

What can nations learn from the rise and fall of Venice as a city-state?
Overcoming the Odds and Fading into Obscurity

• Case study of Venice

- factors that led to the rise of Venice e.g. good statesmanship, enterprising spirit

- factors that led to the decline and fall of Venice e.g. corrupt leaders, complacent society, failure to respond to new changes

− lessons for nations

Students will be able to:

• understand how Venice achieved prosperity

• evaluate the factors responsible for the decline and fall of Venice

• draw lessons that nations can learn from the rise and decline of Venice

What Is Globalization?

This is an interesting essay on globalisation. Not for the faint hearted. But of you can understand this essay you are on your way to an A1 for English and of course Combined Humanities

What Is Globalization?

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.

Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.

But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development.

Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion.

Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.”

This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment.

Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.

Technology has been the other principal driver of globalization. Advances in information technology, in particular, have dramatically transformed economic life. Information technologies have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners.



Globalization is deeply controversial, however.

Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people.

Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.

To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies.

Globalization101.org tries to provide an accurate analysis of the issues and controversies regarding globalization, especially to high-school and college students, without the slogans or ideological biases generally found in discussions of the topics. We welcome you to our website.

http://www.globalization101.org/What_is_Globalization.html


After reading this article, and refering to chapter 2 book four of your text book, how far do you agree that the main force that has made globalization possible has been imporvement in the transportation ? Explain your answer.


Hint on how to write the essay.

Three factors for globalisation.
Explain how improvement in transportation lead to globalization.
Explain how TNC (trade, government policy)lead to globalization.
Explain how technology lead to globalization.

Explain why you agree or disagree with the given statement.
If you agree, then you must say why transportation is the main force and the other two are not.

If you disagree, then you must explain why transportation is not the main force of globalization and why the other two are.