Singapore's economy is dependent on US. The destination of a quarter of non oil exports is US, mostly high tech electronic goods.
Since late 1960s, the state 's economy has shifted its character from the entrepot trade to manufacturing, financial and banking services.
Since the late 1980s, Singapore has focused on development of computer software,.Universities have focused on the island state's intellectual capital.
Given Singapore's sophisticated infrastructure of telecommunication and well developed human resource, it is poised to become the world's foremost centers for information and knowledge-based industries as well as financial services.