The stocks represent the economy, which is important factor into deciding the development of a country.
Economy
Development
SingaporeSingapore’s GDP per capita is $62,400. The dependency ratio is good in Singapore. The middle working class outweighs the old and young non-working class. The unemployment rate for Singapore is 2%.
The Human Development Index for Singapore includes:
Most jobs in Singapore are high level and primarily focus in the service sector. They must look sharp for the clients that the meet with.
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The PhilippinesThe GDP per capita for the Philippines is $4,700. The Philippines dependency ratio is alright. The number of older Filipino people is less that the working class. There is also a growing baby population. The unemployment rate of the Philippines is 16.3%. The population below the poverty line is about 26.5%.
The Human Development Index for the Philippines includes:
Electronics, a major Filipino export, are produced in factories such as the one above.
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Agriculture
SingaporeSingapore is a tropical hot, humid, and rainy country. Agriculture here employs 0.2% of the work force. This is because of some technology and the reliance of food imports from other places. The country has a small fishing industry of fishing boats and farms. There has also been some greenhouse production for fruits and vegetables but the industries are very small. Some products these agriculture industries produce are fruits, vegetables, poultry, eggs, fish, and ornamental fish. Based off of the information Singapore’s agriculture is commercial, though they have very little agriculture they do have some technology and a few workers needed to make products.
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The PhilippinesThe Philippines has a tropical climate. The agricultural industry in the Philippines employs 39.8% of the labor force. This high percentage means that more people are needed to farm and less technology is available to the Philippines. Most work is done by hand since there are few opportunities to acquire machinery. Some of the types of agriculture in the Philippines are farming, fisheries, livestock, and forestry. Some main crops grown here include: sugarcane, cocoanuts, rice, corn, bananas, pineapples, and mangoes. The rainy and humid climate allows for these plants to grow. The Philippines also produce pork, eggs, beef, and fish. Based off of the information the Philippines’ agriculture is subsistence and is made primarily for themselves while trying to make money and a lot of people take part in agriculture here.
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Industry
Singapore Singapore’s industry sector employs almost 20% of the work force. Its main industries include electronics, chemicals and financial aid. The highly educated population discourages low-level jobs. The Singaporean government encourages labor-intensive jobs to move off of Singaporean soil, and keep high-level positions with Singapore. Industry has trouble staying with Singapore since the country is moving in the direction of high technology and scientific innovation.
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The Philippines The industry in the Philippines is lower than that of Singapore. Industry accounts for 15% of the work force in the Philippines. The economy of the Philippines is moving from agriculture based to industry based. During this transition, the main industries have included electronic assembly, garments, and outsourcing contracts. The change in job types has led to more factories being built to make ships, automobiles, and aerospace technologies. Even through the transition, industry is having a hard time rising since the global economic recession.
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Services
Singapore
Most of Singapore's economy is reliant upon the service sector. More than 80% of the workforce works in the service sector. Wholesale and retail trade makes up most of Singapore's service establishments at 37.2%. Singapore is also in the business service sector. 26.4% of service institutions are business based. This section of the service sector has grown the most due to an increase in head offices, business and management consultancy firms, and engineering firms.
The software company, Intel, has two locations in the Philippines: Manila and Cavite. |
The Philippines
A little over half of working Filipinos work under the service sector. This sector alone produces 48% of the country's entire GDP. Things that would help boost the Filipino service sector are
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