SINGAPORE VS THAILAND ECONOMIC

COMPARISONMade By: Raina, Pawitra and Firman

Grade : 7

Introduction to Singapore Area : +/- 720 Km2 Currency SGD ( Singapore Dollar ) Population :(of whom 3,257,000 are Singapore citizens)

$251.5 billion GDP

Introduction to Thailand

Area : 513,120 km2

Currency : Baht

Population :66,720,153

$584.768 billion GDP

We will Compare economic condition in 5 aspects :

Natural resources Tourism ( International Payment ) Industry Trading Human Resources

Export and Import

Export : an action which to sell things out from the country.

Import : an action which to buy things from other country.

Tax

Tax : A responsibility of a citizens that work to pay to the government for securities and other public facilities

Tax refund : when a tourist buy things on the shop the shop will charge tax. But the tourist can reclaim it in Airport when they are going to leave.

Introduction to Natural resource

Natural resources is the resources that can be sell to other country. Ex : Gold , Rice , Wheat , Fruits , meat , and etc.

Natural resource like gold and iron only can be get in luckiness.

Natural resources in Singapore

Natural resources in Singapore is very bad because of the land area of Singapore is only 720 Km2.

There will be only small scale area of farm.

There only will small scale quarry and mine that already finish and abandoned.

Natural sources in Thailand Thailand have great area of land that

can be used as farm in big scale as that already be done by Thailand government and its also why they are said as The Rice supplier for South east Asia.

Thailand Natural Source

Thailand also have many land for expanding rice farm.

Also farming gain water from Mekong River.

We assume that the score for this round is : Singapore : 60 points Thailand : 80 points

Now the score between these 2 countries is : Singapore : 0 Thailand : 1

Of course Thailand win Singapore only a tiny country ha..ha..ha !

Just see in the next round !

Introduction to Tourism

Tourism produce money to the country. When tourist by things in other countries

, they will pay to local citizens , Local citizens will pay taxes to the Government.

Tourist will spend money on Tourism object, Restaurant , and ,etc.

Tourism in Singapore

Singapore have plenty tourism object and this resulting Singapore only as Transition City at flight and Trading.

Singapore have great Airways called Singapore Airlines and affecting a lot in economy of Singapore.

Tourism in Singapore

Many people go to Singapore only buy things but because many people it will make Singapore receive great amount of money.

Tourism in Thailand

Thailand have many religious tourism object as in the city like Bangkok , Phuket , Chiang Mai , Chiang Ray.

Thailand secondary money input is in Tourism because millions of people spend money in the Thailand tourism object and restaurant.

We assume that the score of this round is :

Singapore : 80 points Thailand : 85 points

We win again !Shut your mouth up Thailand !

Now the score between these 2 Countries is : Singapore : 0 Thailand :2

Introduction to Industry

Industry is the action where the country produce their own brands and use them in their own country or sell it to other country need it.

Industry product quality affect the product sales.

If you sell your products to other countries that cannot produce similar product to yours so you will capture the market.

Industry in Singapore

Singapore industry can be said better than Thailand because they’re industry produce high quality electronic device.

Beside Electronic industry they also produce ship industry.

Industry is one of the great income source for Singapore Government.

Industry in Thailand

Thailand Industry is great compare to the other South east Asian countries except modern country like Singapore.

But Thailand have great mass production of things needed in the daily life.

We assume that the score for this round is : Singapore : 80 points Thailand : 75 points

Oh !

Taste that Thailand !We will take the winners crown !

Now the score between this 2 countries is : Singapore : 1 Thailand : 2

Introduction to Trading

Trading is the action where you buy and selling things.

International trading affect the the country economy by taking tax.

National trading ( such like in market ) only do little change to economic of the country compare to the International Trading.

International Trading

Singapore is the gateway of Europe countries with Asian Countries that’s why many people come to Singapore for Trading.

Government receive tax from the things that arrive to Singapore and resulting Singapore biggest income resources.

Thailand Trading

Thailand also have many strategic points of port where many ships from other country come to this port.

If compare to Singapore Thailand strategic place is more losing than Singapore.

Tax receive by Thailand

from the things is less

than Singapore.

We assume the score of this round is : Singapore : 90 points Thailand : 70 points

What ! Oh My GOD (OMG) !

We are tied now and ready for revenge !

Now the score between these 2 Countries is : Singapore : 2 Thailand : 2

Introduction to Human Resources Human Resources also will raise

economy of the country. The reason is because you can work

outside your country and bring back your money to your own country. ( International Payment ).

The more clever the people can get higher job and higher money.

Human resources in Singapore

Singapore is famous with their IT faculties university where they’re student mostly join Animation design. Ex : Nanyang University.

Singapore University problems

But there is plenty choice of University in Singapore because of land problems.

Also many Singaporeans people not get job in Singapore so they search job to other countries.

Human Resources in Thailand Thailand human resources are worse

compare to Singapore and some other South east Asian countries.

Thailand have many potential both student and teacher to raise they’re education quality.

In potential Thailand is more great than Singapore because can expand.

We assume the score of this round is : Singapore : 90 points Thailand : 70 points

Oh no ! Yeah !

Total points per rounds.

Country Natural resources

Tourism Industry Trading Human resources

TotalPoints

Singapore 60 points 80 points 80 points 90 points 90 points 400 points

Thailand 80 points 85 points 75 points 70 points 70 points 380 points

Country Rate

Singapore 80 points

Thailand 76 points

Win lose tableCountry Natural

ResourcesTourism Industry Trading Human

ResourcesTotal

Singapore Lose Lose Win Win Win 3 sets

Thailand Win Win Lose Lose Lose 2 sets

Final score is :

Singapore : 3 Thailand : 2

Conclusion

As the statistics we give, We can still said that Singapore economic strength is stronger than Thailand economy.

Remember to not be proud if your nation is the best because all things can change significantly.

Thank You for listening and pay attention.