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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 6 / 1599 | 
                
    
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With population growth at 2.1 percent, per capita GDP increased by 5.8 percent on average each year (Gesquiere, 2007, p. 12).
As mentioned by Neo Chian, the education sector has excellent growth prospects and can become a key contributor to our economy. In order to be a premier education hub in the region, the government has poured in millions of dollars to provide quality education for the locals as well as attracting foreigners to be educated here...
        
        
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While the development of Singapore into an education hub is seen as a major economic opportunity, Singapore also targets to be a tourism hub by 2015. Other factors contributing to the success to the economy growth includes the export-oriented economic policy framework, combined with state-directed investments in strategic government-owned corporations as well as the pro- foreign direct investment...
        
        
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