Economics Assignment - (Doc)
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Added on 2020-04-15
Economics Assignment - (Doc)
Added on 2020-04-15
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Running head:ECONOMICS ASSIGNMENTEconomics AssignmentUniversity NameStudent NameAuthors’ Note
2Table of ContentsIntroduction................................................................................................................................2Capabilities of Singapore companies to capture this opportunity..............................................2Possible challenges ahead encountered by Singapore companies.............................................9Government Support and Assistance.......................................................................................11Conclusion................................................................................................................................13References................................................................................................................................14
3Introduction The current study elucidates in detail about the initiative of “One Belt One Road” (OBOR)that was declared by the Chinese President, Xi JingPing during the year 2013. Essentially,this scheme was necessarily a crucial foreign strategy for China as this scheme had theintention to promote monetary assistance amongst countries together with the belt as well asroad way. The OBOR scheme can hereby be considered as an outline for generation ofsuperior cooperation and assimilation by means of development of an infrastructure network.The current study also presents the capabilities of Singapore companies to grab thisopportunity, probable challenges encountered along with the government support andassistance delivered. Capabilities of Singapore companies to capture this opportunityThe exclusive position of the nation Singapore under the scheme “One Belt, One Road” canbe evaluated for comprehending the potential of the country to capture this opportunity. Asper the framework and structure of Vision and Actions, particularly South East Asia can beconsidered to be a significant area of the scheme and reinforcing the framework of thenations together with the course is an important priority (The Straits Times 2017).ConnectivityAs far as connectivity is concerned, there are nearly 200 shipping streak that join the nationSingapore to more than 600 ports in over and above 120 countries right round the globe.Essentially, Chinese enterprises have necessarily observed about impact of the city and theirinfluence on businesses and trade in Southeast Asia in recent years and China has enhancedthe entire ante in the deal in Singaporean outline (Winter 2016). The transportationinfrastructure includes highway, roads as well as railways that can be considered as one of the
4obstacles that that these come across in attaining the complete economic prospective. Thescheme makes every effort to endorse capital as well as outlays for technologicaladvancements by mainly China into particularly linkages such as ports, courses and ways oftransport as well as other infrastructure. This in turn can help in enhancement of the processesof resource circulation, assimilation of the market and permit improved facilitation of bothbusiness and ventures in Southeast Asia (The Straits Times 2017). Financial services and trade Singapore can be considered to be principal financial centre and the best hub or centre forparticularly commodities as well as oil business in primarily Asia that can help inacquirement and distribution of equity and debt capital. This can help in facilitatinginvestment on other areas of the region counting the ASEAN nations. There is also a crucialassociation centre for the country China, markets of Asia-Pacific and Asia (Yuan et al. 2016).In essence, consistent with the position, the country Singapore can be considered to be strongand well-regulated and clear capital markets. This has important concentration of speciality inthe areas of banking as well as financial services, finances along with investmentmanagement along with private equity (Yuan et al. 2016). Singapore is a focal point for foreign venture that has a well synchronized legal frameworkwith very lower corruption levels. As such, foreign financiers do not necessarily enter intodefinite joint course of action and has more than 70 monetary as well as tax treaties withother countries, and proved to be a lucrative spot for multi-state business concerns
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