by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
button in toolbar for more information.
Metal Casting Technologies : September 2005
ASIAN OVERVIEW SINGAPORE Singapore is easily the most developed nation in the region. However, a lot of that development came about by limiting manufacturing on the island. The economic statistics: GDP -- real growth rate: 1.1% (2003 est.) GDP -- per capita: USD23,700 (2003 est.) GDP -- composition by sector: agriculture: NEGL% industry: 32.2% services: 67.8% (2003 est.) Inflation rate (consumer prices): 0.5% (2003) Labour force: 2.2 million (2003) Unemployment rate: 4.8% (2003 est.) Exports -- partners: Malaysia 15.8%, US 14.3%, Hong Kong 10%, China 7%, Japan 6.7%, Taiwan 4.7%, Thailand 4.3%, South Korea 4.2% (2003 est.) Foundries have been disappearing from Singapore since the early 1980's, being absorbed into parent companies, or moving to Malaysia or Indonesia. They are very much disliked and unwanted, being seen as dirty polluters. There are only a handful of foundries remaining on the island, although one of those remaining is one of the most technologically advanced foundries in the region. This foundry is owned by a very large US company that uses the Singapore based metal caster to supply its interests all over the world. So there is still life left in the foundry industry in Singapore, albeit not too much. By Ken Foulke Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. Exports have provided the primary impetus for industrialization. The trade surplus is substantial, and foreign reserves are the world's third largest. While Taiwan is a major investor throughout Southeast Asia, China has become the largest destination for investment and has overtaken the US to become Taiwan's largest export market. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998. The global economic downturn, combined with problems in policy coordination by the administration and bad debts in the banking system, pushed Taiwan into recession in 2001, the first year TAIWAN By Ken Foulke 44 www.metals.rala.com.au