.

However, there is setback in Singapore signing of the trans-pacific partnershi

p due to the president trump vowing to ruin the agreement

Currently, they are social and culture issues on the large intake of the foreign
national to make for the workforce because of the lower shortages of labor. The
re was the lack of accommodation because of possession of foreign due to great p
roperty value appreciation. Another issue lack of the assimilation of the foreig
n by the Singapore citizens. Therefore the government is trying to integrate the
communities to work together harmoniously. Due to the parent working on the lon
g hours, there is an increase in the juvenile delinquency. Once the child gets t
rouble with Singapore legal system, then they are delinquents. Singapore lacks d
rugs rehab; therefore, there is an increase in the repeat of the drug usage amon
g the teenagers. Singapore experiences an increase in the old age suicide rate;
due to the depression and disease with no adequate retirement benefits. Singapor
e has a lower population to the higher divorces rate. Divorce results in the ris
e of the family issues such as troubled young generation who engage in the drugs
.
Currently, there is no attempt to integrate and cultivate various cultural diffe
rences in Singapore. The primary objective of the Singapore schools is to bring
together all students in the global economy to avoid friction among different cu
ltures. For effective reduction of the resistance among the workforce and embrac
e cooperation, there Singapore government should encourage multiculturalism.
Low birth rate is posting an economic problem in Singapore. Singapore government
offers $18,000 for the family with more than five children.In 2015 total fertil
ity rate was 1.24, declining from a projection of 2.1 rates. Therefore, Singapor
e is facing weaker economic growth and low labor force in future. There is an is
sue of the aging population and rising of life expectancy. Self-funded central p
rovident funds(CPF) offers the social safety to Singaporeans, but it is insuffi
cient to meet the wants for self-employed and low-income households.In the year
2017, Singapore will face uncertainties in the external environment and lower th
e economic growth. Difficulties and challenges in the Singapore market are due t
o China restructuring economy of Beijing, hence decreasing the demand from China
. Additionally, US presidential Donald Trump and Brexit election create major ta
sks to the economy of the Singapore.
Singapore aviation and national carriers are facing stiff competition from the E
ast and Southeast Asia and Middle East airports and carriers. Additionally, emer
ging of the physical infrastructure and trade route in trans-Asia, Arctic and As
ian countries are eroding the position of the Singapore in trans-shipment, regio
nal entrepot, and logistics centers. At the global recession, Singapore business
is facing problem in the restructuring of the industry to curb the high operati
onal cost, weak productivity, and policies restricting the accessing of the fore
ign labor. The anticipation of innovation elevation is slow. Therefore, the expo
rts sector is declining as result of high cost of labor, high manufacturing cost
, and land shortages. Similarly, the Singapore corporate earnings are weak thus
property market level remains constant. Although there is an encouragement of in
novation of small and large business fiscal incentives, it will be for long term re
sults.