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Qualitative Analysis - Essay Example

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Qualitative Analysis

Compared to other developed countries Singapore has low tax rates with a very high per capita GDP globally. Singapore has a very innovative and stable economy which is merged with efficient economic planning under the Economic Development Board that helped to establish a free market. Singapore’s main exports include; chemicals, services and electronics which provide the main sources of revenue for the country. Most firms are registered as private Limited companies. The country experiences a very low supply of water with a limited arable land for agriculture. Moreover, Singapore has a port that is strategic enough to give it an edge over the neighboring countries that carries Entrepot trade. Most of its labor comes within the population which is owed to the efficient education policy in the country that produces skilled labor for the industries in the country. The Argentinean economy is dominated by agriculture, which contributes the largest percentage of the GDP. The country has fair economic policies that aim at increasing the exports from the main productive sectors. The main natural resources that contribute immensely to the country’s economy are minerals such as zinc, lead, copper, tin, oil and natural gas, uranium, iron, manganese and lithium. The main agricultural products produced in the country include; grains and livestock products. The country does not have a free economy like that of Singapore hence its economy is not that well established. The industries operating in Argentina include: oil refinery, food processing, machinery and equipment, petrochemicals and textile industry. Most of the country’s exports are taken to Europe and Brazil which are the country’s main trading partners. The main sector which is Agriculture has recently shown a rapid recovery with an increasing industrial production which replicates that of its immediate neighbor Brazil. The tax revenues are slowly growing with the debt services reducing. There is a probability of volatility in the financial markets due to the conflict that exist between the central bank and the federal government. Comparison of the Political Environment between Singapore and Argentina Singapore has one of the most efficient political and regulatory policies globally. According to the surveys conducted the country ranks 122 out of the 138 countries in terms of creating a conducive political environment for business. This is in connection with press freedom in regard to the World information technology report of 2011 (Huff 745). The uniqueness of Singapore’s political environment comes in the fact that the immigration rules and laws are not that strict compared to Argentina or any other country. There are very strong law enforcement agencies which make cases of political unrests rare and efficient for business operation. The country is controlled by very few political parties with the main political party being People’s Action Party. This stability in terms of political party policies ensures effective business environment for the development of country. The government of Singapore also ensures free trade agreements and employment laws in industries where a majority of the foreigners are in the job market. The main countries that have set up businesses in the country include China, Europe and the United States. As such, most foreigners use this country as an avenue to establish and expand their businesses through a ...Show more

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Name of Professor Qualitative Analysis Comparison of the Economic Environment between Singapore and Argentina Singapore is one of the nations in the world with a well established and efficient free-market economy…
Author : joey07
Qualitative Analysis essay example
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