What type of economic system

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Prepare responses to the following questions regarding your focus country Singapore:

1) What type of economic system does it have (centrally planned, mixed, or market)? Has it always had this type of economic system?

2) Characterize your focus country as developed, newly industrialized, or developing. Support your reasoning.

3) How does it rank on the various measures of economic development (Ex: economic output, infrastructure, productivity)? Discuss the process of economic transition and whether or not your chosen country has undergone any form of economic transition within the past 15 years (this is obviously true for many formerly Communist countries)? If so, what have been the effects of that transition on the culture and the country's political, legal, and economic systems?

Reference no: EM131433045

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