Welcome to the Diabetes Meet 2020 which will be held in the beautiful city of Singapore widely famous for the city attractions like Sentosa Island, Jewel Changi Airport, Marina Bay Sands, Orchard Road and Singapore Zoo
Singapore officially the Republic of Singapore, is a sovereign island city-state in Southeast Asia. It lies off the southern tip of the Malay Peninsula and is 137 kilometres (85 m) north of the equator. There are also numerous famous attractions within the city-state, notably Gardens by the Bay, Sentosa Island, Jewel Changi Airport, Marina Bay Sands, Orchard Road and the Singapore Zoo, which was ranked the best zoo in Asia.
During the Second World War, Singapore was occupied by Japan, Singapore gained independence from the British Empire in 1963 by joining Malaysia along with Sabah and Sarawak. Singapore is a highly developed country and is ranked 9th on the UN Human Development Index, With the 2nd highest GDP per capita in the world the highest in Asia for a sovereign state.
In the 1960s, the city-state of Singapore was an undeveloped country with a GDP per capita of less than U.S. $320. Today, it is one of the world's fastest-growing economies. Singapore's economic ascension is nothing short of remarkable. By embracing globalization, education, and pragmatic policies, free-market capitalism it has been able to overcome its geographic disadvantages and become a leader in global commerce.
For over 100 years, the Singapore was under the British control. But when the British failed to protect the colony from the Japanese during World War II, it sparked a strong anti-colonial and nationalist sentiment that subsequently led to Singapore's independence.
The Chinese in Singapore outnumbered the Malay three-to-one. As a way of ensuring a Malay majority within Malaysia proper and to limit the influence of communism, the Malaysian parliament voted to expel Singapore from Malaysia. Singapore gained formal independence on August 9, 1965, with Yusof bin Ishak serving as its first president and Lee Kuan Yew as its prime minister.
After independence, Singapore continued to experience problems. They became unfriendly states in Malaysia and Indonesia. Singapore lacked natural resources, proper infrastructure, adequate water supply and sanitation.
Singapore's economy was centered on entrepôt trade during colonial times. It is influenced by Israel's ability to leap over its Arab neighbors (who boycotted Israel) and trade with Europe and America, Lee and his colleagues knew they had to connect with the developed world and to convince multinational corporations to manufacture in Singapore.
Singapore had to create an environment that was safe, corruption-free, and low in taxation in order to attract investors. Lee's People Action Party (PAP) repressed all independent labor unions and consolidated what remained into a single umbrella group called the National Trade Union Congress (NTUC), which the party directly controlled.
By 1972, just seven years after independence, one-quarter of Singapore's manufacturing firms were either foreign-owned or joint-venture companies, and both the United States and Japan were major investors.
As a result, favorable investment conditions and the rapid expansion of the world economy from 1965 to 1972, the country's Gross Domestic Product (GDP) experienced annual double-digit growth. By the 1990s, they were engaging in wafer fabrication, logistics, biotech research, pharmaceuticals, integrated circuit design, and aerospace engineering.
A Modern Economy
The Port of Singapore is now the world's busiest transhipment port, surpassing Hong Kong and Rotterdam. It has become the world's second busiest in terms of total cargo tonnage handled.
Banking has grown significantly in recent years and many assets formerly held in Switzerland have been moved to Singapore due to new taxes imposed by the Swiss. The biotech industry is burgeoning, with drug makers such as GlaxoSmithKline, Pfizer, and Merck & Co.
Singapore is now the 15th largest trading partner of the United States. With a total land area of just 433 square miles and a small labor people of 3 million, Singapore is able to produce a GDP that exceeds $300 billion dollars annually. Life expectancy is 83.75 years, the third highest in the world.