Reading about American and European dominance in economic, political, and cultural aspects and the implications of 21st century globalization has led me to reflect on the impact of historical Western dominance on Singapore, in the context of Technology and World Change.
-Having the British fail to defend us and suffering under the brutalities of the Japanese occupation has led us to be mindful of the need to upkeep national defences. This includes not only the forging of cooperative and powerful allies (i.e the United States) but also, constantly upgrading the military technologies used by the army.
Overall, Singapore’s economy and businesses have successfully integrated themselves into a globalized landscape. In Rising Up to the Global Challenge, it is suggested that there are four characteristics of a key global player.
1. Globalization of Supply Chain. There are increasingly more products that are “made in ASEAN”, in which the different stages of a production process takes place in various nations.
2. Globalization of Market Presence. Many home-grown companies like Breadtalk, Tiger Beer have become recognized global brands. Meanwhile, a significant number of MNCs like Shell and Rolls-Royce have chose Singapore as their headquarters- no easy feat for a tiny country with no natural resources of its own.
3. Globalization of Corporate Mindset. During this year’s national day rally speech, PM Lee took pains to emphasize the importance of remaining open to foreign immigrants. A culturally diverse workplace will enhance discussion and broaden perspective not only about lifestyles but also business operations.
4. Globalization of Capital Base. In the post-WWII period, Singapore capitalized on the technological advancements of the First World. Now, it partakes in a 2-way sharing of technological R&D so as to more effectively find methods of improving businesses.
“In order to be good at a game, you have to know the rules” would be an apt analogy as to how Singapore has adapted to globalization with the help of technology.
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