Japanese Interests to Singapore during Lee Kuan Yew Era E-Book

Uqbah Iqbal

• Herausgeber: GRIN Verlag
• Sprache: Englisch

Veröffentlichungsjahr: 2015

Beschreibung

Seminar paper from the year 2015 in the subject History - Basics, National University of Malaysia, course: History, language: English, abstract: On 17 June 1973, the new Singapore ambassador to Japan, Wee Mon Cheng expressed his hope to encourage the Japanese people to invest and divert their modern technology to Singapore. He will also encourage the Japanese people to buy light company goods made in Singapore. In January 1975, Singapore's ambassador to Japan, Cheng Wee Moon described the year 1975 as an important year for Japanese investors to invest in Singapore. The worldwide economic downturn brings new opportunities for the development and restructuring of companies in Singapore. With that the Japanese businessmen and companies should take this opportunity to develop together a strong company for mutual benefits. They should be prepared to feel the benefit when world economic activity and opportunities in the Southeast Asian region live again. The world market scenario has caused many workers in Singapore discharged from factories that use a lot of labor, such as electronics, timber and garments which takes half of Singapore's labor force. Because they are young, they have become a useful source of labor and can be trained by new factories.

Leseprobe

Impressum:

Copyright (c) 2015 GRIN Verlag / Open Publishing GmbH, alle Inhalte urheberrechtlich geschützt. Kopieren und verbreiten nur mit Genehmigung des Verlags.

Bei GRIN macht sich Ihr Wissen bezahlt! Wir veröffentlichen kostenlos Ihre Haus-, Bachelor- und Masterarbeiten.

Jetzt beiwww.grin.com

Inhalt

Japanese Interests to Singapore during Lee Kuan Yew Era

Reference

Japanese Interests to Singapore during LeeKuanYew Era

'Learning from Japan’ is a word of wisdomexpressed byLeeKuanYewto speed up theindustrialization processbetweenSingaporeandJapan. This mottogivesgreat meaningin an effortto further strengthenSingapore's economyin particular, andthe ASEAN economiesgenerally, in helpingthe regionachieveaself-sufficient levelexpected.By makingJapanese an economy example,Singaporewill be able toacquirethe skillsandexpertise ofJapanin the field ofeconomy, scienceandtechnologyto serve as astimulusto progressthe region.Japanhascultural characteristicsthat are closerandsuitableexample forASEAN countriesbecause its eastern elements. Singapore's moveto emulateJapan is madebecausethe country's ability to developits economyfromcollapseafter the Second World War to becamearespectedindustrial country.[1]

Leadership characteristicswhichenableJapanto emerge asthe championof the world economyand full attention tothe needs ofdevelopmentandeconomic development, without neglecting the elements ofAsian culture are inspiringSingapore. Toexplore thesuccesses achievedbyJapan, the country's economicstrategyneeds to be understoodfirst.[2]Onesimpleindicatorthat can be usedtoshowthe importance ofthe relationship betweenSingaporeandJapanisthe visitmade by thePrimeMinister ofSingapore, LeeKuanYewto Japan. Between 1969to 1979, he traveled toJapannine timesand the aimis certainly notto travel, butashe saidhimself, "Every time I visit Japan, its economic progressandsocialremindme ofwhat can be achievedifthere isa country that haspeople who arehardworkingand talented, educatedandwell-organized...".[3]

On17 June 1973, the new Singapore ambassadorto Japan, WeeMon Chengexpressed his hopetoencouragethe Japanese peopleto investanddiverttheir moderntechnologyto Singapore. Hewill alsoencouragethe Japanese peopleto buy light company goodsmade in Singapore.[4]

In January1975,Singapore'sambassadorto Japan, ChengWeeMoondescribed theyear 1975asan important year forJapaneseinvestorsto investin Singapore. The worldwide economicdownturnbringsnew opportunities for thedevelopmentandrestructuring ofcompanies in Singapore. With that theJapanesebusinessmenandcompaniesshouldtake this opportunity todeveloptogethera strongcompanyfor mutual benefits.Theyshould beprepared tofeel thebenefitwhenworld economic activityandopportunitiesinthe Southeast Asian region live again. The world market scenario has causedmany workersinSingaporedischargedfromfactoriesthat use a lotof labor, such as electronics, timberandgarmentswhichtakeshalfofSingapore'slabor force. Becausetheyareyoung, theyhavebecomea usefulsource of laborandcan be trainedbynew factories.[5]

In September 1975, Singapore's ambassador to Japan, Wee Moon Cheng state Japanese must refrain from damaging role played by Southeast Asian countries in developing their economic strategy. This is because the healthy economic situation in the region will affect the state of the Japanese economy. Not wrong for Japan to pay more attention to the Middle East and Latin America, but Japan should not forget that Southeast Asia is as important as the United States to Japan. He did not imagine what will happen to the economic development and security of Japan if Japan one day found it was unable to carry out free trade with the countries of Southeast Asia and the loss of one-fifth of the country's total foreign trade income.[6]

Although Singapore is a small country, but it and Japan have a lot of items to be offered in exchange in the fields of trade, industry and investment opportunities. Japan reminded of the importance of South East Asia, trade statistics in 1974 showed that Southeast Asia has accounted for about 20 percent of Japan’s outside revenue, similar to what it get from the United States. Japan's trade with the Middle East amounted to only 15 percent of its foreign income and with Latin America only 13 percent. Singapore can offer a lot of convenience to Japanese traders include services, finance, technology, and as a base for the production of goods. But Singapore's economic progress may be increased if Japan encourage more investment firm, providing broader training facilities and introduce and import more products to Singapore.[7]

In November 1975, Singapore's ambassador to Japan, Wee Moon Cheng state people in the ASEAN region amounted to 250 million people is a market for any investments in Singapore. Goods made in Singapore can also be exported to all over the world as it has been described as the world market.[8] On 23 December 1975, he urged Japanese investment members to devote more capital in Singapore in order to benefit both countries. Japan is the largest trading partner to Singapore in 1974. Japan also urged to buy more goods from Singapore especially light industrial products that are cheaper than they produce themselves. As a central market in South East Asia, Singapore would provide more business with Japan. Japan is also the most active foreign investors in Singapore in 1974. Japanese companies will get many benefits by removing their products in Singapore. The establishment of Consulate General office in Osaka is the result of Wee Moon Cheng efforts to promote cultural and economic activities between the two countries.[9]