The Global Economy Has Changed The World - 1779 Words

During the past decade, the global economy has generally changed. We have been moving far from our reality, which can be separate from each other by the barriers to cross border trading and the investment; by distances, time zone and language; and by the national difference in government regulation, culture and organization systems. We are running toward a world in which difficulty to cross border trading and the investment are decrease; recognition distance is shrinking due to advance in distribution and telecommunication in the technological; material culture from difference country is starting to look similar in the world over; and the national economic are combine into an interdependent, the integrated of the global economic systems. So, this process will commonly called globalization . The world have been fundamentally changed, the country in the world will be change as well. One of the world leading global city in Southeast Asia that can be impact to this change is the country called ‘Singapore’. Singapore or the often referred as the ‘Lion city’. Singapore is the only island city state in the worlds. This country is territory consists of many island, it is about 54 islet around the country. Singapore occupies areas around 718 km2 compared, it is slightly larger than 3.5 times size of the District of Columbia The spread of income are present at the global level that where the gross domestic product (GDP) in the country, this case Singapore is in 37 out of 50Show MoreRelatedThe Golden Age For Technology1135 Words   |  5 PagesThe world has become smaller through technology, especially regarding international trading. The internet makes almost free communication possible between people around the world thousands of miles apart, while mod ern transport allows quick physical access to parts of the world. 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