Global Business Cultural Analysis on Singapore - Term Paper Example

The paper “Global Business Cultural Analysis on Singapore” is a thrilling example of social science term paper. IFC and the World Bank rate Singapore as the leading and number one nation as regards ease of doing business and places Singapore in the second place in the international level for the strength of investor’s protection. Strategic location and competitive tax rates make Singapore a favorable destination for U.S. businesses. In general, both corporate and political leaders play a dominant role in shaping organizations and introducing beliefs and values.

Leaders’ values and traits formulate the culture of the organizations. Culture and traditions are playing a crucial role in international business, and Singapore is not an exception to this. This research will attempt to explore how culture and tradition help or hinder the business growth between Singapore and the USA and to identify such hindrances and make suitable recommendations to overcome the same.Keywords: culture, Singapore, U.S.A, bilateral trade Global Business Cultural Analysis on SingaporeSingapore remains the second top center for containerized transshipment traffic and as the globe’s 4th largest center for foreign exchange activities.

Singapore is also a world leader in petroleum refining, new biotechnologies, and world leader in the manufacturing of disc drives for computers. The Singapore government is actively encouraging the financial sector, especially the capital, bond market, and asset-management activities to improve Singapore’s role as an international financial center. The Singapore government actively employs the public sector vehicle as both catalysts for economic development and also as an investor. Singapore remains a favorable destination for investment for U.S.-based investors as there are limited government intervention and the existence of market openness.

Singapore is customarily praised for its lack of corruption (Sinha,2006,p.1486).Singapore is a multi-ethnic society that is comprised of 15% of Malays, 77% of Chinese, 6% of Indians, and 2% of expatriates (www.geert-hofstede.com/singapore.html, 2014). Regus in 2012 captured the work-centric culture of Singaporeans.