GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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United States of America
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Philippines
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Saudi Arabia
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Singapore
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Detailed explanation-1: -External Trade and Economic Structure. Singapore is a highly export oriented economy.
Detailed explanation-2: -Singapore has a highly developed and successful free-market economy. It enjoys an open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries.
Detailed explanation-3: -Extensive FTA network Singapore has a wide network of more than 27 free trade agreements (FTAs) globally that will allow you to trade freely and easily with major economies in the world.
Detailed explanation-4: -Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent).