Socioeconomic Perspective Of The Singapore Integrated Resorts

Download .pdf, .docx, .epub, .txt
Did you like this example?

1 Introduction

Singapore is a small island city with a total population of about 4.98 million. The local population consists of approximately 74.2% ethnic Chinese, 13.4% Malays and 9.2% Indians. The remainder 3.2% is made up of Eurasians and other foreign workers. It is a relatively young population with only 217,000 or 7% of the population currently over the age of 65. This is set to change dramatically from now to 2030 when 800,000 or 18.7% of the population will be aged 65 years and above. The proportion of those between 15 and 45 years currently make up nearly half the population (Singapore Facts and Figures, 2009) The objective of the Integrated Resorts is to strengthen the leisure and entertainment options to enhance Singapore’s reputation as a “must-visit” destination for leisure and business visitors. The Integrated Resorts will be part of a larger spectrum of tourism products and are developing to enhance our destination appeal, and will enhance the tourism industry and economy. (Ministry of Trade and Industry, 2010)

The Gross Domestic Product (GDP) in Singapore expanded at an annual rate of 24.00 percent in the last reported quarter. From 2007 until 2010, Singapore’s average quarterly GDP Growth was 7.62 percent reaching an historical high of 45.70 percent in March of 2010 and a record low of -12.50 percent in June of 2008. Singapore along with Hong Kong, South Korea and Taiwan is one of the Four Asian Tigers. Singapore has a highly developed and successful free-market economy. It enjoys a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing service sector. This page includes: Singapore GDP Growth Rate chart, historical data and news. (Trading Economics, 2010)

There are over 7,000 Multi-National Corporations (MNCs) with operations based in Singapore, 4,000 of which are regional headquarters (Singapore Facts and Figures, 2009).

Definition of Socio Economics

In most cases, socio economists focus on the social impact of some sort of economic change, which is basically a study of the relationship between the economic activity and social life (Davis et al, 2008). Involve both economic and social factors.

1.2 Objectives of the Research

The main objectives of this research are to understand the Socio-Economic Perspective of the Singapore Integrated Resorts. This research deals with the socio-economic factors that have potential impact of the Singapore Integrated Resorts. Its focus is to investigate and analyze the socio-economic impact. Identify and evaluate the significance of the social and economic factors of the Integrated Resorts. For instance gambling addiction, money laundering, Revitalizing of Singapore Tourism Industry and Boost in Singapore Tourism and Economy. The objective of this research to understand the socio economic perceptive of Singapore Integrated resorts, would they have bad or good effect to Singapore and understand the factors how these factors have positive or negative effect on Singapore.

1.3 Research Focus

The Focus of this research is to understand the Socio-Economic perceptive of the Singapore Integrated Resorts.

Do you want to see the Full Version?

View full version

Having doubts about how to write your paper correctly?

Our editors will help you fix any mistakes and get an A+!

Get started
Leave your email and we will send a sample to you.
Thank you!

We will send an essay sample to you in 24 Hours. If you need help faster you can always use our custom writing service.

Get help with my paper
Sorry, but copying text is forbidden on this website. You can leave an email and we will send it to you.