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7/29/2019 International Business Paper, China
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International Business Paper. 1
International Business Paper
Christopher Baker
Christopher.baker@rexmail.queens.edu
Professor Baldrige
Queens University of Charlotte
October 22nd
2012
mailto:Christopher.baker@rexmail.queens.edumailto:Christopher.baker@rexmail.queens.edu7/29/2019 International Business Paper, China
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International Business Paper. 2
Table of Contents
Abstract
Background information
Business etiquette and rules
Travel Requirements
Business Article
Reference page
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International Business Paper. 3
Abstract
Writing lab assignment #7, my main goal is always to continue to improve my writing
skills by acknowledging the feedback from Professor Baldrige from my previous papers, and
making sure I improve on my weaknesses. Singapore was my country of choice and I
carefully broke down the paper into three main topics, background information, business
etiquette and rules and travel requirements. I then wrote a reflection on a business article on
Singapore. I will continue to making improvements in my writing to reach my desired goal of
an A grade in this class.
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International Business Paper. 4
International Business Paper; Singapore
Understanding different cultures and how they conduct themselves in business abroad
is essential to any company to becoming successful in their industry. Companies have to
appeal to a diverse international market and audience to be competitive. Developing a global
business model will communicate what your company brand, product and service is offering.
Failure to understand these key principles will lead the company or individual to lose
competitive edge other others in their industry. With this in mind, I will research into how to
conduct business in Singapore.
Background information:
Founded as a British trading colony in 1819
Population of 5,353,494 (July 2012 est.) 114
th
in world rankings.
Unemployment total: 12.9% world ranking 87 th . GDP: Ranked No.1 $56532 (Forbes) Political: Republican government. Economy: Free-market Exports: Electronics, pharmaceuticals, information, technology
products and financial service sector.
Major Corporation: Singapore Telecom, Wilmar International Food,DBS Banking, United Bank and Singapore Airlines are the top five
corporations making 96% of Singapores generating over $9 billion
dollars.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2119rank.html?countryName=Singapore&countryCode=sn®ionCode=eas&rank=114#snhttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2119rank.html?countryName=Singapore&countryCode=sn®ionCode=eas&rank=114#snhttps://www.cia.gov/library/publications/the-world-factbook/rankorder/2119rank.html?countryName=Singapore&countryCode=sn®ionCode=eas&rank=114#sn7/29/2019 International Business Paper, China
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International Business Paper. 5
Business etiquette and rules of Singapore include the following:
Introductions : Arranging your meetings in advance, and being on timeis essential.
Presentation: Image and presentation is important, suit and tie isessential for all business appointments and meetings.
Expectations: Carrying business card at all times is expected. Manners: Handshake and look in the eye lasting up to 10 seconds is
required as body language and first impressions are highly regarded.
Singaporeans dont usually get appetizers or anything to drink and it is
not favored to tip after the meal.
Gift giving: Offering an inexpensive present as a welcome gift or athank you gift is advised. Suitable gifts: chocolates, or a souvenir from
your country.
Travel Requirements:
Necessary: Passport that is valid for six months beyond the date of your stayis required.
A visa for tourist or business visits of up to 90 days is not required.
Transport: Singapore's main transports; buses, trains and taxis, and these areall forms of public transport, which are inexpensive and reliable.
Driving is done on the left side of the road.
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International Business Paper. 6
Business Article on Singapore:
Over the last 45 years, Singapore GDP has increased by 24 times, making it
one of the financial countries of the world. Siddiqui, Kalim a specialist in
Development Economics and a professor at the University of Huddersfield
University looks into how Singapores rapid transformation during the mid-1960s.
The government lacked capital to invest overseas, as a result of the Cold War.
Foreign investment was the only option to fill this gap; this lead to a high demand of
labour intensive jobs and start-up businesses to export goods and bring capital into
the country. Savings were consequently made as there was less demand to import
goods, which lead to the rapid growth in Singapores economy. However, due to the
finical crisis in 2006, the demand of importing goods has significantly dropped and
Singapore has suffered in depression. Manufacturing, in the form of labour and
construction was the result of the 28% increase in GDP which has led to a large
scale of less educated workers. Singapore is currently in the process of developing
their education to increase infrastructure and overseas investment and not just
relying on exporting goods in the manufacturing sector.
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International Business Paper. 7
References
Central Intelligence Agency. (2012).East & Southeast Asia . Retrieved from,
https://www.cia.gov/libarary/publications/the-world-factbook/geos/sn.html
Ofori, George. (1998). Construction Management & Economics. Retrieved from,
http://ehis.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=0ea59425
c5f04972-97a1ba8d4a3f9ff5%40sessionmgr115&vid=11&hid=26
Nam, S. (2012). Singapore's Richest 2012.Retrieved from,
http://www.forbes.com/sites/suzynam/2012/07/25/singapores-richest-2012/
http://ehis.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=0ea59425c5f0http://ehis.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=0ea59425c5f0http://ehis.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=0ea59425c5f0http://ehis.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=0ea59425c5f0Recommended