Strategic Management
Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 10, Problem 1ESI
Summary Introduction

To explain: The tradeoffs between the positive effects and moving of jobs to another country.

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The Invisible Poor in Singapore Singapore was hailed as one of the world’s richest countries. However, while the living conditions among Singapore’s poorest were not as dire as in other countries in the region, about 14% of its citizens faced severe financial constraints and could not afford even their basic requirements. Over 2012-2015, there was an increase of about 43% in the number of families living in poverty and dependent on government assistance, the worst result to be reported officially in Singapore. In 2015, the country had one of the largest inequality gaps in advanced Asian countries. As of June 2020, after the elderly (60 years plus), Singaporeans between 15 – 34 years of age were the most financially-affected group with around 5% unemployed (double of other age groups), and about 41,500 working in low-paying entry-level jobs earning below S$1,000 a month. While the Ministry of Social and Family Development (MSF) provided short to medium term financial aid to 5,644 young…
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