Activity 4: Singapore Trade Last Previous Highest Lowest Unit

ACTIVITY 4

Activity 4.1

Exports
In 2015,2016, and 2017 Singapore exported $320B, making it the 15th largest exporter in the world.
During the last five years the exports of Singapore have increased at an annualized rate of 6.3%, from
$233B in 2012 to $320B in 2017. The most recent exports are led by Integrated Circuitswhich represent
36% of the total exports of Singapore, followed by Refined Petroleum, which account for 13.4%.

Imports
In 2015,2016, and 2017 Singapore imported $293B, making it the 16th largest importer in the world.
During the last five years the imports of Singapore have decreased at an annualized rate of -1.5%, from
$314B in 2012 to $293B in 2017. The most recent imports are led by Integrated Circuitswhich represent
19.7% of the total imports of Singapore, followed by Refined Petroleum, which account for 15.2%.
Trade Balance
As of 2015,2016, and 2017 Singapore had a positive trade balance of $27.2B in net exports. As compared
to their trade balance in 1995 when they had a negative trade balance of $22B in net imports.
Singapore Trade Last Previous Highest Lowest Unit
Balance of Trade 2831.10 2447.29 8077.24 -1999.81 Million SGD [+]
Current Account 21497.50 21617.80 24780.60 -659.20 SGD Million [+]
Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]
Imports 40177.30 41233.25 44689.59 266.38 Million SGD [+]
Exports 43008.40 43680.54 48730.89 197.68 Million SGD [+]
External Debt 2043894.40 2045992.30 2065093.00 854184.00 SGD Million [+]
Terms of Trade 98.70 98.60 178.53 98.60 Index Points [+]
Capital Flows 53513.20 9376.80 53513.20 -5008.50 SGD Million [+]
Tourist Arrivals 1551025.00 1484127.00 1732871.00 147954.00 [+]
Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Foreign Direct Investment 33093.60 26249.30 39332.80 -4441.60 SGD Million [+]
ACTIVITY 4
Activity 4.2
1. ) Does McDonadl’s success outside the united states provide support for Levitt's view about the
global market place?
It doesn't really supports his views because Levitt forecasted that global companies would be
selling products and services in the same way everywhere on earth.
However when we look at McDonald's success we can see that the firm adapted its products to
the local conditions and culture. For example in Japan they serve some menus with rice instead of
potato chips. In India the company eliminated beef burgers from the menu and replaced them
with lamb and veggie patties due to the local beliefs.
2. ) Do you think accompany like McDonald’s is welcome in countries like Syria, Yemen, Somalia,
and Libya as well as Iraq? What about North Korea and Afghanistan? Why or why not?
Generally speaking, it’s more about what McDonald’s can offer and where they choose to create
a store location. There is nothing “hostile” to McDonald’s specifically in Syria, Yemen, Somalia,
Libya, or Iraq. (As far as I am aware, there is even a McDonald’s currently operating in Baghdad,
Iraq.)Most Middle Easterners do not make a leap between patronizing an American-owned
company and supporting US foreign policy, which is why this does not present as an issue. The
only country where McDonald’s became political in the Middle East was in Iran, which has
banned the brand and forcibly shut down McDonald’s in the early days of the Islamic Revolution.
3. ) Describe your personal experience with McDonald’s and Jollibee as a customer.
McDonald’s never fall short of my expectations, they serve simple food with a great passion on
their customer service while Jollibee have the Filipino Culture back to their food which gives you
a sappy feeling by just being on their store.
4. ) As to cost benefit analysis, which would you prefer as your gadget: Samsung, Vivo, Lenovo or
local manufactured phones such as Cherry Mobile, Star Mobile , or My Phone?
I would always go with Samsung, Vivo, or Lenovo since they have a good reputation not just
locally but worldwide.

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ACTIVITY 4

Singapore Trade Last Previous Highest Lowest Unit

Balance of Trade 2831.10 2447.29 8077.24 -1999.81 Million SGD [+]

Current Account 21497.50 21617.80 24780.60 -659.20 SGD Million [+]

Current Account to GDP 17.70 16.00 26.10 -13.10 percent [+]

Imports 40177.30 41233.25 44689.59 266.38 Million SGD [+]

Exports 43008.40 43680.54 48730.89 197.68 Million SGD [+]

External Debt 2043894.40 2045992.30 2065093.00 854184.00 SGD Million [+]

Terms of Trade 98.70 98.60 178.53 98.60 Index Points [+]

Capital Flows 53513.20 9376.80 53513.20 -5008.50 SGD Million [+]

Tourist Arrivals 1551025.00 1484127.00 1732871.00 147954.00 [+]

Gold Reserves 127.40 127.40 127.40 0.00 Tonnes [+]

Terrorism Index 0.00 0.00 0.00 0.00 [+]

3. ) Describe your personal experience with McDonald’s and Jollibee as a customer.

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