Which has most contributed to the success of Singapore's economy?

A. The country has a high number of low-skilled jobs.

B. The country controls the production of semiconductors.

C. The country has a role as a leader in the financial services.

D. The country focuses on trading agricultural-based products only.

Question

Social Studies

Beatrice Duncan

4 April, 01:42

Which has most contributed to the success of Singapore's economy?

A. The country has a high number of low-skilled jobs.

B. The country controls the production of semiconductors.

C. The country has a role as a leader in the financial services.

D. The country focuses on trading agricultural-based products only.

+1

Answers (1)

Know the Answer?

Asia Dorsey · Answer 1

Answer: B. The country controls the production of semiconductors

Explanation: According to official data, this branch of the economy, i. e semiconductor production is actually the largest and most promising part of Singapore's economy. According to official figures, 11% of total global semiconductor production is in Singapore. Many of the world's leading sub-contract assembly and testing companies, IC design companies and many others in similar fields have their facilities and offices in Singapore. This is a result of the country's efforts to secure presence of these manufacturing facilities in its country, Singapore, in negotiations with global companies, and thus accelerate the national economy.