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globalisation - Coggle Diagram

- - - - focus on technology and information- driven industries
      - 1960s “economic development board” est Jurong industrial estate with factories producing goods
      - 1970s → EDB est singapore as a location where businesses could start their operations quickly ( as a place that workers do not go on strike )
  - - - → unable to support the purchase of consumer goods and services
      - need to sell to other markets
    - - unable to provide resources for production
      - need global economy for expertise, products and services
  - - - encourage foreign investments
      - invest in other countries
      - sell products and services to foreign markets (not only in sg )
  - - - a ) stimulate economic development for the country –. brings ins money for investment in infrastructure and people
      - b) as investors build new companies in the target country
        
        creates job opportunity
        
        result in increase in income
        
        better buying power
        
        boost economy further
- - - - changi airpord / land checkpints --> tuas and woodlands