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Why is there greater diversity in sg?, immigration policy, economic…
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immigration policy
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Now: Declining age-dependency ratio--> increasing tax n economic burden on the working-age population
Continued low birth rate in sg--> shrinking customer base--> companies may find sg unattractive to sell products to(may not be able to find adequate manpower)<--foreign manpower mitigates this effect
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KEY OBJECTIVE: meeting sg's manpower needs
Currently focuses on a higher-skilled foreign workforce to support a knowledge-based economy
economic opportunities
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ease of doing business, growth potential, stable political environment n well-established judiciary system attract global investors e.g. multinational corporations (MNCs)
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sg's stability n economic opportunities attract many foreigners(increase in migrants n immigrants) to seek employment n take up residency here--> adding to diversity in sg
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