The association of the ownership, location and internationalization advantages gained by Singapore has contributed to the economic development path of the country. Singapore had experienced tremendous economic growth in the 1960s and known as the Newly-Industrialized Economies (NIEs) as well as being recognized as one of the 10 economies of the East Asian Miracle by World Bank (1992). This recognition is due to the exceptional economic growth of above average 6% and ability to maintain for a long time of periods. The significant changes of the economic structure of Singapore towards export-led regime of capital accumulation
have contributed to the sustainable of its economic performance.