IntroductionThe Republic of Singapore celebrated its 42 years of independence in 2007. Located at the southern tip of Malaysia, Singapore currently has a population of 4.68 million as of June 2007. With an area of ​​704.0 km2, it is in 4th place in the world in terms of population density. Over the last four decades, the economy, measured by real Gross Domestic Product (GDP), has been multiplied more than 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore's long-term survival depends largely on its ability to maintain its vital position and stay afloat in the sea of ​​global competition (Mun Heng et al, 1998, p.14). article (excerpt from "The Straits Times" dated 29 December 2007) focusing on the low employment rate, booming property and stock markets, inflation and economic growth in Singapore ending the year 2007. Economic Growth in SingaporeQuote from Prime Minister Goh Chok Tong in the 2006 National Rally said that “to sustain the growth and vitality of our economy, we need a growing population in Singapore with talent in every field”. This is because Singapore has no natural resources and the only thing we have is people. To support the growth of our economy, we must fully exploit and leverage our human resources. There is no doubt that Singapore's Cabinet of Ministers has crafted an excellent plan for Singapore's future, built spacious public housing, provided highly subsidized but quality education and healthcare, as well as the creation of extensive and highly efficient infrastructure. According to Ghesquiere (2007, p.21 ), there are four main sources that explain Singapore's impressive economic growth. The first is the accumulation of… half of paper… 0% for the year (DBS Group Research, 2007). Conclusion What goes up must come down, but not necessarily at the same rate. With growing concern over the US subprime crisis, banks have become more cautious about lending money. However, if the American economy sneezes, the world economy will catch a cold. If the U.S. economy enters a recession, no other country will be able to escape the impact. Singapore's economy makes the city vulnerable to events in other countries. The Asian financial crisis, the 9/11 terrorist attack, and the outbreak of Severe Acute Respiratory Syndrome (SARS) are some of the prime examples. With the collapse of real estate prices and retail sales in the United States and the high rate of employment, the stock market is expected to collapse due to widespread retail sales in the region. The world's largest economy could enter a recession, hitting global stock markets.