Wednesday, September 26, 2007

Reflections 6

Topic : How far do you agree that the need to set up a Common Market was the most important reason for merger between Singapore and Malaysia?


I agree to a large extent the there is a need to set up a Common Market when merging with Malaysia. Back then, Singapore is still under the rule of the British until Singapore merged with Malaya to form Malaysia. But after merging, Singapore became an independent country. Singapore needed to set up a Common Market as she lacked natural resources and faced a declining entrepot trade and a growing population which required jobs.


By doing that, goods could be bought and sold freely without paying any taxes. This would increase trade, expand industries and create more jobs for the people in Singapore. This will also lead to an increase in the economy of Singapore. Back then, Singapore is not a well-developed country so had to depend on other countries. Furthermore, Malaysia is a country where rubber and tin are produced which keeps Singapore's economy going. It is the base that made Singapore the capital city. Without this economic base, Singapore would not be able to survive.


In conclusion, I agree that that Common Market was the most important reason for merger between Singapore and Malaysia.