• Select a country of your choice (other than Saudi Arabia) and discuss its comparative advantage—the sources and the challenges. What is the role of the government? Does the government provide additional investment? What could increase their advantage?

SEU ACT500 Critical Thinking Quantitative Rubric – Module 02 Exceeds Expectation Meets Expectation Below Expectation Limited Evidence 15-20 Points 9-14 Points 4-9 Points 0-3 Points Includes all of the required components, as specified in the assignment. Includes most of the required components, as specified in the assignment. 12 - 16 Points 8-11 Points Content, Research, and Analysis Requirements Problem 2-1 All components are correct, with no errors or omissions. 12 - 16 Points Problem 2-2 All components are correct, with no errors or omissions. 12 - 16 Points Problem 2-3 All components are correct, with no errors or omissions. 12 - 16 Points Problem 2-4 All components are correct, with no errors or omissions. 12 - 16 Points Problem 2-5 All components are correct, with no errors or omissions. Total points possible = 100 Some significant but not major errors exist. 8-11 Points Some significant but not major errors exist. 8-11 Points Some significant but not major errors exist. 8-11 Points Some significant but not major errors exist. 8-11 Points Some significant but not major errors exist. Includes some of the required components, as specified in the assignment. 4-7 Points Some major errors or omissions exist. 4-7 Points Some major errors or omissions exist. 4-7 Points Some major errors or omissions exist. 4-7 Points Some major errors or omissions exist. 4-7 Points Some major errors or omissions exist. Includes few of the required components, as specified in the assignment. 0-3 Points Fails to demonstrate adequate comprehension of the concept. 0-3 Points Fails to demonstrate adequate comprehension of the concept. 0-3 Points Fails to demonstrate adequate comprehension of the concept. 0-3 Points Fails to demonstrate adequate comprehension of the concept. 0-3 Points Fails to demonstrate adequate comprehension of the concept.
 

Singapore’s Comparative Advantage

Singapore has managed to achieve an extraordinary level of prosperity. Looking into how the nation has managed to evolve as an economy and as a society, there is the identification that soft metrics define the quality of its leadership and government. The nation also has a strategic capability of responding to a more fluid and more complex word, hence one of the sources of advantages. Singapore is identified globally as the fifteenth largest importer and the fourteenth largest exporter of commodities. The trade to GDP ratio of the nation is considered the highest in Asia, with international trade having a significant impact on the economy. As a result of its dependence on global markets and its relatively minimal population, the nation is highly reliant on international trade. The government has been reliant on an export-oriented economic activity, encouraging two-way frow of commodities involved in international business (JDE,2017). The collaboration of Singapore with other nations in Asia and its massive involvement in international trade differentiates it from other countries. Singapore is renowned for its manufacture of computer peripherals and quality electronic equipment. This comparative advantage has led to a massive increase in trade with international organizations.

Since a large section of exports is from developed nations such as America, the government has been seen to abandon labor-intensive low-end manufacturing processes and highly invested in high-end commodities deemed capital intensive. However, it is necessary to note that the nation has little or no barriers to trade in international markets thus has a comparative advantage in the goods and service industry (JDE,2017).

The government of Singapore has managed to provide additional investments by strengthening its transfers and progress in the taxing system; hence, this has advocated for equitable distribution of commodities. The narrowing of the income gap has been effectuated through special considerations such as special transfers. There has also been the introduction of a system of wage credit which has led to a 40% increase in the monthly wages of individuals earning 40000 dollars and below (JDE,2017). This is geared towards facilitating more purchases of both local and imported commodities amongst individuals. Singapore, therefore ought to become antifragile through maintaining its capacity of enduring difficulties and turning its problems into opportunities.