Little information packets about Singapore

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Wednesday, April 30, 2008

Tiny physically, but not so in certain areas

This is from the article, Intellectual Property & Development, in Latin Business Chronicle by John Murphy.

Though Singapore is a tiny country compared to India, it has managed to attract four times as much direct investment from around the globe — about $200 billion — much of it in high-wage sectors that are reliant on intellectual property. Consider these examples:

* Lucasfilm Animation, owned by George Lucas, the creator of the Star Wars films, opened its only digital animation studio outside the United States in Singapore in 2005.
* BMW recently set up its first design studio outside Germany or the United States — in Singapore.
* Pfizer recently opened a $600 million manufacturing facility in Singapore.

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