Education

Singapore is a recognized global education leader that is ranked as one of the

finest in the world for its quality and consistently producing students rated among
the best in literacy, reading, mathematics and science. Singapore has developed
an education system which is centralized, integrated, coherent and well-funded

Teach Less, Learn More

This framework urged teachers to focus on the “quality” of learning and the
incorporation of technology into classrooms and not just the “quantity” of
learning and exam preparation. The well-established institutional rules have
continued to drive teachers to teach in ways that prioritize coverage of the
curriculum, knowledge transmission and teaching to the test over “the quality” of
learning, or to adopt high-leverage instructional practices.

Child of above 6 years old has to attend school and 10 years education is
compulsory for every citizen. Singapore's education system is among the most
highly regarded in the world, but it is also famously known as a pressure cooker.
Students attend mental arithmetic classes at the age of six where they learn how
to add sums mentally. Parent/guardian of the child will be charged, if the child is
consistently absent from school. MOE encourages schools to use technologies
Using of technologies allow students to understand the topics of the subject more
clearly and easier Teachers can use technologies to teach more efficiently and
effectively. Students use Tablet PCs linking applications for Mathematics, English,
Science, Humanities and Design and Technology for all pupils.

Singapore believes that both academic and sports must be balanced. Schools have
broadened the time for students to have more time for their Co-Curricular
Activities. Most of the primary schools in Singapore have morning sessions.

Education for children (of typical school- going ages) with disabilities is managed
by the voluntary welfare organizations (VWOs). No child is deprived of
educational opportunities. Adequate funding is available for all to school
comfortably. Both the rich and poor are equal in the system as rewards are based
on merits. Students are assisted in multiple ways to bridge their needs in terms of
support for school meals, textbooks, uniforms, subsidies for educational trips.

The National institute of Education is Singapore’s national teacher training

institute. The ministry of Education recruits prospective teachers and sends them
to the NIE for training. Once they have completed their course they are deployed
in schools where they get further support from experienced teacher as mentors.

Tourism

Singapore has obviously switched from poor development to world‐wide

competition. This change is only the beginning history of a little island, which
succeeded in developing its land by integrating it into the world. Before,
Singapore had tourist activity that was considered marginal, and occupied a small
place in its strategy aimed at increasing its value in the region and across the
world. Tourism forms a large part of the economy, and 16.4 million tourists visited
the country in 2017 and raised their revenue $24.7 billion. To attract tourists, the
government legalized gambling in 2005 and allowed two casino resorts (called
Integrated Resorts) to be developed. Singapore also promotes itself as a medical
tourism hub: about 200,000 foreigners seek medical care there each year.
Singapore medical services aim to serve at least one million foreign patients
annually and generate USD 3 billion in revenue.

Singapore is an education hub, and many foreign students study in Singapore.

More than 80,000 international students studied in Singapore in 2006. In 2009,
20% of all students in Singaporean universities were international students. The
students were mainly from ASEAN, China and India.

Business hub and investment destination

The value of FDI Inflows within the country has grown from $60,000 USD in 2010
to $70,000 USD in 2015. Key factors identified as being favorable are lending, a
simple regulatory system, tax incentives, high-quality industrial real estate parks,
political stability, and absence of corruption
Singapore industrialization was achieved in great measure by attracting massive
flows of foreign investment. However, competition for foreign investment in the
world has also been fierce

Singapore’s policies has been crafted, and more importantly enforced, with
investors “well-being” in mind. When a person or company thinks about investing
in a foreign country two risks are taken into account: the economic risk and the
political risk. The political risk can be measured in terms of the political stability of
a country, their willingness to honor their contracts and debts and to maintain a
hospitable climate for outside investment. In fact, in a recent survey performed
by the World Bank investors reported giving top priority to the following elements
when assessing an investment target (i) a legal framework defining investors’
rights and obligations and (ii) payment discipline and enforcement. On the other
hand, the economic risk involves, for example, the country’s ability to pay back its
debts. Logically a country with a strong economy and financially healthy should
provide more reliable investments than a country with weaker finances or an
unsound economy. However, investors generally prefer to deal with economic
risks because political risks carry to much unpredictability and arbitrariness. The
focus of the PAP has been to address the political risk by focusing in creating a
small and efficient government based in meritocracy.

References

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