Traditional Culture Encyclopedia - Traditional virtues - Human geography of Singapore?
Human geography of Singapore?
After independence, the government adhered to a liberal economic policy, vigorously attracting foreign investment and developing a diversified economy. Since the early 1980s, it has accelerated the development of new capital-intensive, high value-added industries, invested heavily in infrastructure development, and sought to attract foreign investment with the most favorable business environment. With manufacturing and services as the twin engines of economic growth, the industrial structure has been continuously upgraded, and in the 1990s, particular emphasis has been placed on the information industry, with investment being made in the construction of the "Singapore Integrated Network" across the island. In order to further promote economic growth, the country is vigorously pursuing a "regionalized economic development strategy", accelerating overseas investment, and actively engaging in economic activities abroad. The economy is dominated by five major sectors: commerce, manufacturing, construction, finance, and transportation and communications. Industry consists mainly of manufacturing and construction. Manufacturing products mainly include electronics, chemicals and chemical products, machinery and equipment, transportation equipment, petroleum products, oil refining, and other sectors. It is the third largest oil refining center in the world. Agriculture accounts for less than 1% of the national economy, mainly poultry raising and aquaculture. All food is imported, and only 5% of vegetables are homegrown, most of which are imported from Malaysia, China, Indonesia and Australia. The service sector is the leading industry for economic growth. It includes retail and wholesale trade, hotel and tourism, transportation and telecommunication, financial services, and business services. Tourism is one of the main sources of foreign exchange earnings.
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