Small Island with Big Ideas That Make It Economic Powerhouse

Daily Post (Liverpool, England), April 1, 2013 | Go to article overview

Small Island with Big Ideas That Make It Economic Powerhouse


Byline: DYLAN JONES-EVANS Economic adviser to the Welsh Conservative Party

WHILST roughly the size of Anglesey, the island economy of Singapore has a population of over 5.2 million people.

And whilst Ynys Mon continues to be one of the poorest parts of the UK, the Singaporean economy is lauded as one of the most competitive and innovative in the world.

Why is this the case? The Singapore economy did not escape the worst of the recent recession and as a regular visitor to this fantastic nation, I was shocked to see hundreds of container ships lying empty in the world's busiest harbour as low global demand meant no-one was buying their goods any more.

Yet, there is optimism that they are finally on the road to recovery.

For example, whilst the UK economy shrank by 0.3 per cent in the final quarter of 2012, the Singapore economy grew 1.5 per cent.

And with an increasing focus on supportive new growth industries as the way forward for its economy, the Singapore government is ensuring that it invests in supporting the development of disruptive technologies such as robotics and 3D printing that will be changing the future of advanced manufacturing over the next few years.

However, it would seem the real key to the future success of such a small economy is making the most of what it has already and, unlike many European countries, there has been a When British companies of all sizes are crying out for better trained staff, why hasn't the UK Treasury considered a similar tax measure? massive emphasis on improving productivity not only for individual companies but also for specific industries.

This has been achieved mainly through their Productivity and Innovation Credit (PIC) initiative, which was recently highlighted by the innovator James Dyson as the key reason for his company's presence in Singapore.

In the UK, tax relief on research and development (R&D) expenditure is limited to 225 per cent for Small to Medium Sized Enterprises (SMEs) and the costs that qualify are strictly controlled. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Small Island with Big Ideas That Make It Economic Powerhouse
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.