Singapore vs. Venezuela

note 1: the country lies on major sea and air routes linking North and South America

note 2: Venezuela has some of the most unique geology in the world; tepuis are massive table-top mountains of the western Guiana Highlands that tend to be isolated and thus support unique endemic plant and animal species; their sheer cliffsides account for some of the most spectacular waterfalls in the world including Angel Falls, the world's highest (979 m) that drops off Auyan Tepui

Singapore has one of the lowest total fertility rates (TFR) in the world - an average of 1.15 children born per woman - and a rapidly aging population.  Women's expanded educations, widened aspirations, and a desire to establish careers has contributed to delayed marriage and smaller families. Most married couples have only one or two children in order to invest more in each child, including the high costs of education.  In addition, more and more Singaporeans, particularly women, are staying single.  Factors contributing to this trend are a focus on careers, long working hours, the high cost of living, and long waits for public housing.    With fertility at such a low rate and rising life expectancy, the proportion of the population aged 65 or over is growing and the youth population is shrinking.  Singapore is projected to experience one of the largest percentage point increases in the elderly share of the population at 21% between 2019 and 2050, according to the UN.  The working-age population (aged 15-64) will gradually decrease, leaving fewer workers to economically support the elderly population.

Migration has played a key role in Singapore's development.  As Singapore's economy expanded during the 19^th century, more and more Chinese, Indian, and Malay labor immigrants arrived.  Most of Singapore's pre-World War II population growth was a result of immigration.  During World War II, immigration came to a halt when the Japanese occupied the island but revived in the postwar years.  Policy was restrictive during the 1950s and 1960s, aiming to protect jobs for residents by reducing the intake of low-skilled foreign workers and focusing instead on attracting professionals from abroad with specialist skills.  Consequently, the nonresident share of Singapore's population plummeted to less than 3%. 

As the country industrialized, however, it loosened restrictions on the immigration of manual workers.  From the 1980s through the 2000s, the foreign population continued to grow as a result of policies aimed at attracting foreign workers of all skill levels.  More recently, the government has instituted immigration policies that target highly skilled workers. Skilled workers are encouraged to stay and are given the opportunity to become permanent residents or citizens.  The country, however, imposes restrictions on unskilled and low-skilled workers to ensure they do not establish roots, including prohibiting them from bringing their families and requiring employers to pay a monthly foreign worker levy and security bond.  The country has also become increasingly attractive to international students. The growth of the foreign-born population has continued to be rapid; as of 2015, the foreign-born composed 46% of the total population.  At the same time, growing numbers of Singaporeans are emigrating for education and work experience in highly skilled sectors such finance, information technology, and medicine.  Increasingly, the moves abroad are permanent.

Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these social programs depends on the prosperity of Venezuela's oil industry. In the long-term, education and health care spending may increase economic growth and reduce income inequality, but rising costs and the staffing of new health care jobs with foreigners are slowing development.

While CHAVEZ was in power, more than one million predominantly middle- and upper-class Venezuelans are estimated to have emigrated. The brain drain is attributed to a repressive political system, lack of economic opportunities, steep inflation, a high crime rate, and corruption. Thousands of oil engineers emigrated to Canada, Colombia, and the United States following CHAVEZ's firing of over 20,000 employees of the state-owned petroleum company during a 2002-03 oil strike. Additionally, thousands of Venezuelans of European descent have taken up residence in their ancestral homelands. Nevertheless, Venezuela has attracted hundreds of thousands of immigrants from South America and southern Europe because of its lenient migration policy and the availability of education and health care. Venezuela also has been a fairly accommodating host to Colombian refugees, numbering about 170,000 as of year-end 2016. However, since 2014, falling oil prices have driven a major economic crisis that has pushed Venezuelans from all walks of life to migrate or to seek asylum abroad to escape severe shortages of food, water, and medicine; soaring inflation; unemployment; and violence. As of March 2020, an estimated 5 million Venezuelans were refugees or migrants worldwide, with almost 80% taking refuge in Latin America and the Caribbean (notably Colombia, Peru, Chile, Ecuador, Argentina, and Brazil, as well as the Dominican Republic, Aruba, and Curacao). Asylum applications increased significantly in the US and Brazil in 2016 and 2017. Several receiving countries are making efforts to increase immigration restrictions and to deport illegal Venezuelan migrants - Ecuador and Peru in August 2018 began requiring valid passports for entry, which are difficult to obtain for Venezuelans. Nevertheless, Venezuelans continue to migrate to avoid economic collapse at home.

A New Era or UNT [Manuel ROSALES]
Brave People's Alliance or ABP [Richard BLANCO]
Cambiemos Movimiento Ciudadano or CMC [Timoteo ZAMBRANO]
Christian Democrats or COPEI [Miguel SALAZAR]
Clear Accounts or CC [Enzo SCARENO]
Coalition of parties loyal to Nicolas MADURO -- Great Patriotic Pole or GPP [Nicolas MADURO]
Coalition of opposition parties -- Democratic Alliance (Alianza Democratica) (comprised of AD, EL CAMBIO, COPEI, CMC, and AP)
Come Venezuela (Vente Venezuela) or VV [Maria MACHADO]
Communist Party of Venezuela or PCV [Oscar FIGUERA]
Democratic Action or AD [Jose Bernabe GUTIERREZ Parra]
EL CAMBIO (The Change) [Javier Alejandro BERTUCCI Carrero]
Justice First or PJ [Julio BORGES]
Popular Will or VP [Leopoldo LOPEZ]
Progressive Wave or AP [Henri FALCON]
The Radical Cause or La Causa R [Andres VELAZQUEZ]
United Socialist Party of Venezuela or PSUV [Nicolas MADURO]
Venezuelan Progressive Movement or MPV [Simon CALZADILLA]
Venezuela Project or PV [Henrique Fernando SALAS FEO]

Singapore has a highly developed and successful free-market economy. It enjoys an open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore's vibrant transportation, business, and financial services sectors.

The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth from 2012-2017 was slower than during the previous decade, a result of slowing structural growth - as Singapore reached high-income levels - and soft global demand for exports. Growth recovered to 3.6% in 2017 with a strengthening global economy.

The government is attempting to restructure Singapore's economy to reduce its dependence on foreign labor, raise productivity growth, and increase wages amid slowing labor force growth and an aging population. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and a party to the Regional Comprehensive Economic Partnership (RCEP) negotiations with nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.

Venezuela remains highly dependent on oil revenues, which account for almost all export earnings and nearly half of the government's revenue, despite a continued decline in oil production in 2017. In the absence of official statistics, foreign experts estimate that GDP contracted 12% in 2017, inflation exceeded 2000%, people faced widespread shortages of consumer goods and medicine, and the central bank's international reserves dwindled. In late 2017, Venezuela also entered selective default on some of its sovereign and state oil company, Petroleos de Venezuela, S.A., (PDVSA) bonds. Domestic production and industry continues to severely underperform and the Venezuelan Government continues to rely on imports to meet its basic food and consumer goods needs.

Falling oil prices since 2014 have aggravated Venezuela's economic crisis. Insufficient access to dollars, price controls, and rigid labor regulations have led some US and multinational firms to reduce or shut down their Venezuelan operations. Market uncertainty and PDVSA's poor cash flow have slowed investment in the petroleum sector, resulting in a decline in oil production.

Under President Nicolas MADURO, the Venezuelan Government's response to the economic crisis has been to increase state control over the economy and blame the private sector for shortages. MADURO has given authority for the production and distribution of basic goods to the military and to local socialist party member committees. The Venezuelan Government has maintained strict currency controls since 2003. The government has been unable to sustain its mechanisms for distributing dollars to the private sector, in part because it needed to withhold some foreign exchange reserves to make its foreign bond payments. As a result of price and currency controls, local industries have struggled to purchase production inputs necessary to maintain their operations or sell goods at a profit on the local market. Expansionary monetary policies and currency controls have created opportunities for arbitrage and corruption and fueled a rapid increase in black market activity.

a wealthy city-state, Singapore has a highly developed ICT infrastructure; government supported near universal home broadband penetration and free public access to wireless network; operators proceeded with investment programs, particularly in 5G standalone networks; government actively promoting Smart Nation initiative supporting digital innovation; government oversees service providers, controls Internet content, and regulators lack independence; well served by submarine cable and satellite connections; major importer of integrated circuits and broadcasting equipment from China and exporter of same to SE Asian neighboring countries (2021)

telecom industry struggling due to political upheaval in the country; poor quality of service in many areas of the country due to decrepit state of fixed-line network and operators' inability to pay for equipment from foreign vendors; operator suffering from stolen or damaged infrastructure; many consumers favor mobile service, and cancel their fixed-line services; popularity of social networks caused growth in mobile data traffic; LTE coverage to about half of the population; government launched National Fiber Optic backbone project in 2019; national satellite drifted off course and became non-operational; American company closed a telecom service due to government sanction and a Chilean company later acquired the service; Internet freedom deteriorating amid crisis, with frequent disruptions to service and monitoring; importer of broadcasting equipment from the USA (2021)

disputes with Malaysia over territorial waters, airspace, the price of fresh water delivered to Singapore from Malaysia, Singapore's extensive land reclamation works, bridge construction, and maritime boundaries in the Johor and Singapore Straits; in 2008, ICJ awarded sovereignty of Pedra Branca (Pulau Batu Puteh/Horsburgh Island) to Singapore, and Middle Rocks to Malaysia, but did not rule on maritime regimes, boundaries, or disposition of South Ledge; Indonesia and Singapore continue to work on finalization of their 1973 maritime boundary agreement by defining unresolved areas north of Indonesia's Batam Island; piracy remains a problem in the Malacca Strait

claims all of the area west of the Essequibo River in Guyana, preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before the UN Convention on the Law of the Sea that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; dispute with Colombia over maritime boundary and Venezuelan administered Los Monjes Islands near the Gulf of Venezuela; Colombian organized illegal narcotics and paramilitary activities penetrate Venezuela's shared border region; US, France, and the Netherlands recognize Venezuela's granting full effect to Aves Island, thereby claiming a Venezuelan Economic Exclusion Zone/continental shelf extending over a large portion of the eastern Caribbean Sea; Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines protest Venezuela's full effect claim