1. Singapore is a 'mature' NIC a Newly-industrialised Country. It began its process of industrialisation and globalisation in the late 1960s.
2. Singapore's official name is the 'Republic of Singapore' and is an island-city state.
3. Singapore industrialised in the latter half of the 20th century and is one of the Four Asian Tigers that globalised their economies via development of manufacturing industry.
4. The Four Asian Tigers (NICs) that industrialised from the 1960s are Singapore, South Korea, Taiwan and Hong Kong.
5. Was originally a small fishing village located on the Singapore River (primary industry).
6. Manufacturing, especially electronics constitutes over 25% of Singapore's GDP.
7. It is the world's fourth largest foreign exchange trading centre after New York, London and Tokyo.
8. A common view is that economic development must always be associated with environmental degradation. Singapore has managed this in a positive way with the 'Green Plan' and the initial restoration of the Kallang Basin and Singapore River. Click here to read about the cleaning up of the Singapore River and Kallang Basin.
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