Wednesday, October 30, 2013

VISP Reflections (Cornelius Lee)

1.What are factors influencing industrial location? Why do companies move?

Companies move as they move away from competitors, open up to more market, for raw materials and to reduce the transportation cost of the item.

2. What is Singapore’s role in the VSIP? How does Singapore benefit from her involvement?

Singapore’s role is to design the industrial park. Singapore benefited by having international ties with other countries.

3. What influences the socioeconomic development of a country? 

The corrupted government will influences the socioeconomic development of a country as other countries do not want to invest in that country as they need to pay more due to corruption.

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