![]() ![]() Due to the years of war the city is behind in today’s economy however the potential to change and benefit from globalization and in turn reduce the number of people living off of just a dollar a day are present.While industralization programmes have been central to the development of Asia-Pacific states and city-regions over the past half-century, service industries are increasingly important as instruments of urban growth and change. Ho Chi Minh City has the frame-work to imitate the success of Singapore in eliminating poverty as it has a well-known location, it is a well established city and the government fits the profile with policies and infrastructure similar to Singapore that is developing programs to aid its inhabitants. ![]() Ho Chi Minh City is a socialist city in Vietnam that suffered years of devastating warfare. Developments such as Sim Lim Square a 6-story technology shopping center houses countless jobs for the urban population of Singapore.Īlthough Singapore is unique in many different ways the benefits of globalization and a competitive economy are proven in cities around the world. Globalization has produced more employment in the formal sector rather than the informal sector as in other developing countries, thus fewer people are peddling for money and instead earning a living. Singapore is an efficient city full of driven individuals who are extremely hardworking and it shows in the success of the city. ![]() Medicines are now more readily available, rural communities have gained access to international markets increasing business and manufacturing has reached a more global nature which aids in the health and well-being of Singapore’s people. With the changes brought to the region by the globalization of Singapore the possibilities for the people have expanded on a different level than before. Positive impacts from globalization include the low unemployment rates witnessed throughout the city in addition to the higher standard of living compared to other cities in the region. Singapore is the leading industrial, communications, and banking center in Southeast Asia. When originally established Singapore took advantage of its location and still reaps the benefits from its extensive ports. Singapore is Southeast Asia's leading port and industrial center. ![]()
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