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Small enterprises in Singapore's economic development
In the early days of Singapore, immigrants started their own small businesses as a means of making a living as well as a way to riches and success. Over time, particularly during periods of economic depression and difficulties, many of these small businesses remained in business forfamily survival and living. Now small enterprises are needed as support industries for the activities of the MNCs, to make Singapore a more attractive investment destination for them, and to benefit more from their presence; and as Singapore approaches the status of a developed nation, small
enterprises are increasingly seen as instruments to benefit from the globalization of the Singapore economy.
In the early days of Singapore, immigrants started their own small businesses as a means of making a living as well as a way to riches and success. Over time, particularly during periods of economic depression and difficulties, many of these small businesses remained in business for
family survival and living. Now small enterprises are needed as support industries for the activities of the MNCs, to make Singapore a more attractive investment destination for them, and to benefit more from their presence; and as Singapore approaches the status of a developed nation, small
enterprises are increasingly seen as instruments to benefit from the globalization of the Singapore economy.
family survival and living. Now small enterprises are needed as support industries for the activities of the MNCs, to make Singapore a more attractive investment destination for them, and to benefit more from their presence; and as Singapore approaches the status of a developed nation, small
enterprises are increasingly seen as instruments to benefit from the globalization of the Singapore economy.
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