How has location contributed to the economic success of Singapore

Singapore is one of the countries in the world that has small space and at the same time, it has large population. One thing that have made the country emerge among the four tigers of China is its strategic position. Also, it has a good governance that ensures the resources of the public are well utilized. The country is a free-corruption zone and thus most of their focus is on development (McKendrick et al, 79).
One thing that the country has focused on is taking advantage of its location as a port, which has now grown to be among the biggest in the world. It has converted the town to be a manufacturing city with service industries. It is because most of the biggest countries in the world use the port of Singapore to transport their goods from one continent to the other. Therefore, this has made Singapore the busiest port in the world throughout the year. As a result, their economy is running day and night leading to thriving of businesses in the region. Among the countries that use Singapore when transporting their goods include Asia and Japan among other countries in the world (McKendrick et al., 78).
Due to its good positioning, crude oil is now refined in Singapore as well as raw rubber material is passed to the port of Singapore to China. Timber from Malaysia is also passed through the country to where they are processed. Therefore, among the neighboring countries that trade mostly with Singapore are the Malaysia and Indonesia that have made the country develop. However, one of the strategic plans in Singapore is to mainly focus on strengthening their industries as well as forming a growth triangle with their neighboring countries.

Work cited
McKendrick, David, Richard F. Doner, and Stephan Haggard. From Silicon Valley to Singapore: Location and competitive advantage in the hard disk drive industry. Stanford Business Books, 2016. 77-93