Académique Documents
Professionnel Documents
Culture Documents
$bil $bil
250.0 250.0
200.0 200.0
51%
51%
150.0 52% 150.0 53%
49% 53%
48%
43% 44% 45% 47% 55%
56% 54% 56% 54%
100.0 100.0
4
Foreign MNCs Dominate the Economy
Manufacturing
100 Local Local SMEs
% VA Attributable to Local Enterprises
Non-SMEs
Local dominated
Dominated
Non-SMEs Local SMEs
Dominated dominated
80
General Mfg
Transport Engg
60
Precision Engg
40
Chemicals
20
Foreign Electronics
Foreign
Non-SMEs Foreign SMEs
Non-SMEs Foreign SMEs
Dominated
Dominated Dominated
Dominated Biomed
0
0 20 40 60 80 100
% VA Attributable to SMEs
5
Source: MTI, Singapore
Local Companies More Active in Services Sector
Services
100
Local
Non-SMEs Other Services Local SMEs
%VA Attributable to Local Enterprises
Dominated dominated
80
Foreign
Non-SMEs Foreign SMEs
Dominated Dominated
0
0 20 40 60 80 100
% VA Attributable to SMEs
6
Source: MTI, Singapore
Why the Dominance of MNCs in Singapore?
Vulnerability of economy
Compares badly with Germany, Taiwan, Korea, etc
ESC Recommendations
ESC Recommendations