Buy custom To What Extent Can Singaporeans Be Considered An Appropriate Role Model For Third World Countries Aspiring To Developed Status?
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Many former colonies are saddled with a dominant monoculture industry where a single cash crop constitutes a significant portion of the country's grass domestic product - for example, Ghana and cocoa-growing. The uselessness of such cash crops domestically and the control of prices by foreign markets embroils such states in a vicious battle for economic survival against the powerful North...
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Industrial goods are now the blue chips of the international market and low value cash crops are a paltry source of funds for diversifying the economy. Singapore was in the envious position of never having been stuck in such a rut, since entrepot trade was and still is globally important.
Besides the pre-existing state of the economy, the social make-up of the population also plays a role in development...
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