Geography 1310: Final Exam
Questions and Answers
a city-state at the southern tip of Malay Peninsula-tropical location, 2nd most
competitive economy in the world - -Singapore
- What is Singapore's GNI per capita in 2012? - -47,210
- What is Singapore known for? - -fishing village, British colony (British
Malaya) in the early 19th century-at this time it experienced inflows of
Chinese indentured laborers, experienced japanese occupation early in the
1940s
- What happened in 1945 with Singapore? - -Singapore became
independence as part of Malaysia
- What happened in 1965 with Singapore? - -the seperation from Malaysia
occurred (ethnic sorting-out: Malays to Malaysia, ethnic Chinese to
Singapore)
- What are the key factors in Singapore's economic success? - -1.
Geographical advantage
2. Good governance
3. Restructuring and upgrading of the economy
4. Regionalization Scheme
5. Ethnic Chinese business network
- Why is Geographical advantage a key factor in Singapore's economic
success? - -because of there international trading port ( world's largest
container port) and airline hub (one of the busiest international airport hubs).
- Why is good governance a key factor in Singapore's economic success? - -
because of Singapore's strong, authoritarian and competent government-led
economic development and export-oriented industrialization. ex. oil refining
industrialization
- Why is restructuring and upgrading of the economy a key factor in
Singapore's economic success? - -because it has leading economic sectors
of Singapore including: Trade, Fishery (before 1960s) ----> labor intensive
manufacturing (1960s-1970s) ---> high-tech, high-value-added
manufacturing (1980s and 1990s)---> finance (2000s), "second industrial
revolution" for the rise of high-tech and financial sectors
, - Why is regionalization scheme a key factor in Singapore's economic
success? - -because it utilized neighboring countries as low-cost production
bases. ex. Growth Triangle of SE Asia
- Why is ethnic Chinese business network a key factor in Singapore's
economic success? - -because they benefit from china's growth, most
Singaporeans ethnically connected to southern china, they have benefited
from china's economic reform focusing on special economic zones in South
east china. During 1980s and 90s, Singaporean businesses looking for low-
cost production sites invested in china and they continue to benefit
economically
- How can so much money be paid for a product (by consumers) yet the
producers remain so poor? - -this is because of coffee and fair trade
- How far have we gone in our search for cheap labor? - -carpets and
rugmark foundation
- Where do the resources come from? - -coltan
- What does MNC stand for? - -Multi-National Corporations
- What are the MNCs motivated by what? - -profit not charity- they will
negotiate terms beneficial to them
- What is a free trade zone (export processing zone)? - -Good sanctioned
site, goods that are considered to be outside the country's customs territory,
goods can be stored, exhibited, repackaged assembled, used for
manufacture, free of custom duty, quotas and other import restrictions, No
duty is ever paid if goods are reexported.
- Assembly plants lining US-Mexico border, usually foreign owned. - -
Maquiladoras
- Which country is the 5th largest (area, population)? - -Brazil
- Which country is relatively wealthy and is the most populous country in
Latin America? - -Brazil, its PPP is 15,800 per capita
- In 2015, considering PPP Brazil was what? - -the 8th largest economy in
the world
- relaiance on export of raw materials - -Primary export dependency
- What raw materials did Brazil rely on for there economy? - -coffee, soy
beans, gold diamonds, iron ore, bauxite
Questions and Answers
a city-state at the southern tip of Malay Peninsula-tropical location, 2nd most
competitive economy in the world - -Singapore
- What is Singapore's GNI per capita in 2012? - -47,210
- What is Singapore known for? - -fishing village, British colony (British
Malaya) in the early 19th century-at this time it experienced inflows of
Chinese indentured laborers, experienced japanese occupation early in the
1940s
- What happened in 1945 with Singapore? - -Singapore became
independence as part of Malaysia
- What happened in 1965 with Singapore? - -the seperation from Malaysia
occurred (ethnic sorting-out: Malays to Malaysia, ethnic Chinese to
Singapore)
- What are the key factors in Singapore's economic success? - -1.
Geographical advantage
2. Good governance
3. Restructuring and upgrading of the economy
4. Regionalization Scheme
5. Ethnic Chinese business network
- Why is Geographical advantage a key factor in Singapore's economic
success? - -because of there international trading port ( world's largest
container port) and airline hub (one of the busiest international airport hubs).
- Why is good governance a key factor in Singapore's economic success? - -
because of Singapore's strong, authoritarian and competent government-led
economic development and export-oriented industrialization. ex. oil refining
industrialization
- Why is restructuring and upgrading of the economy a key factor in
Singapore's economic success? - -because it has leading economic sectors
of Singapore including: Trade, Fishery (before 1960s) ----> labor intensive
manufacturing (1960s-1970s) ---> high-tech, high-value-added
manufacturing (1980s and 1990s)---> finance (2000s), "second industrial
revolution" for the rise of high-tech and financial sectors
, - Why is regionalization scheme a key factor in Singapore's economic
success? - -because it utilized neighboring countries as low-cost production
bases. ex. Growth Triangle of SE Asia
- Why is ethnic Chinese business network a key factor in Singapore's
economic success? - -because they benefit from china's growth, most
Singaporeans ethnically connected to southern china, they have benefited
from china's economic reform focusing on special economic zones in South
east china. During 1980s and 90s, Singaporean businesses looking for low-
cost production sites invested in china and they continue to benefit
economically
- How can so much money be paid for a product (by consumers) yet the
producers remain so poor? - -this is because of coffee and fair trade
- How far have we gone in our search for cheap labor? - -carpets and
rugmark foundation
- Where do the resources come from? - -coltan
- What does MNC stand for? - -Multi-National Corporations
- What are the MNCs motivated by what? - -profit not charity- they will
negotiate terms beneficial to them
- What is a free trade zone (export processing zone)? - -Good sanctioned
site, goods that are considered to be outside the country's customs territory,
goods can be stored, exhibited, repackaged assembled, used for
manufacture, free of custom duty, quotas and other import restrictions, No
duty is ever paid if goods are reexported.
- Assembly plants lining US-Mexico border, usually foreign owned. - -
Maquiladoras
- Which country is the 5th largest (area, population)? - -Brazil
- Which country is relatively wealthy and is the most populous country in
Latin America? - -Brazil, its PPP is 15,800 per capita
- In 2015, considering PPP Brazil was what? - -the 8th largest economy in
the world
- relaiance on export of raw materials - -Primary export dependency
- What raw materials did Brazil rely on for there economy? - -coffee, soy
beans, gold diamonds, iron ore, bauxite
