According to reputed Study Singapore Educational Consultancy Singapore has been ranked the 24th happiest country in the world for 2012-2014, according to the World Happiness Report 2015. It is also confirmed that Switzerland came in tops, followed by countries like Iceland and Denmark.
With fresh development Singapore joins New Zealand (9th) and Australia (10th) in the top 25 spots of the United Nations’ Sustainable Development Solutions Network report. It is also noted that other Asian countries and territories that made it to the top 50 are Thailand (34th), Taiwan (38th), Japan (46th) and South Korea (47th).
With regard from Study Singapore Educational Consultancy the main objective of the report is to be proper measure of social progress and a goal of public policy. Although the ranking is made up of factors such as gross domestic product per capita, social support, life expectancy, freedom to make life choices, freedom from corruption and generosity.
It is also thought that Singapore’s economy is getting stronger day by day, with the manufacturing sector accounting for 20 to 25% of the country’s output. They are manufacturing which expediently goes on in the country is mostly comprised of high tech products. It has been accomplished by encouraging Singaporeans to join the high tech workforce through numerous government actions, such as a dramatic ameliorate of the country’s secondary school and higher education systems in the last three decades.
The country has sought to attract the quality from other nations. Singapore is a country which has an extremely high proportion of foreigners to local citizens. It is confirmed that approximately 40% of all people residing there are more of foreign nationals. Individuals from the West, but also from other countries in Asia, have come to the nation, bringing with them highly professional peoples. Many professionals who come to Singapore are entrepreneurs who wish to take part in the country’s growing economy by marveling a business. The government actively encourages foreign investment and expats who expediently launch a start-up through measures respectively as tax breaks for new companies. In addition the process is to get a business running and to hire required workers, either locals or expats who are fairly straightforward with excellent skills.