Singapore vs Panama

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Singapore ( (listen)), officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. It lies about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Straits of Malacca to the west, the Riau Islands to the south, and the South China Sea to the east. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the second greatest population density in the world. The country is home to almost 5.7 million residents, 61% (3.4 million) of whom are Singaporean citizens. There are four official languages of Singapore: English, Malay, Chinese, and Tamil; with English being the lingua franca. Multiracialism is enshrined in the constitution, and continues to shape national policies in education, housing, and politics. Although its history stretches back millennia, modern Singapore was founded in 1819 by Sir Stamford Raffles as a trading post of the British Empire. In 1867, the colonies in East Asia were reorganised and Singapore came under the direct control of Britain as part of the Straits Settlements. During the Second World War, Singapore was occupied by Japan in 1942, but returned to British control as a separate crown colony following Japan's surrender in 1945. Singapore gained self-governance in 1959, and in 1963 became part of the new federation of Malaysia, alongside Malaya, North Borneo, and Sarawak. Ideological differences led to Singapore being expelled from the federation two years later, thereby becoming an independent country. Since then, Singapore is considered the only fully sovereign city-state in the world, with its own currency and technologically advanced military forces. After early years of turbulence and despite lacking natural resources and a hinterland, the nation rapidly developed to become one of the Four Asian Tigers based on external trade, becoming the highest developed country in Asia.

It has the 2nd-highest GDP per capita in the world and rank 9th on the UN Human Development Index. Singapore is the only country in Asia with an AAA sovereign rating from all major rating agencies. It has been ranked by the World Economic Forum as the world's most competitive in addition to being the freest economy, and the ease of doing business index had ranked Singapore as the easiest place to do business for the past decade. It is a global financial and shipping hub, consistently ranked the most expensive city to live in since 2013, and has been identified as a tax haven. Singapore is placed highly in key social indicators: education, healthcare, quality of life, prosperity, personal safety and housing, with a home-ownership rate of 91%. Singaporeans enjoy one of the world's longest life expectancies, fastest Internet connection speeds and one of the lowest infant mortality rates. Singapore is a unitary parliamentary republic with a Westminster system of unicameral parliamentary government. Singapore is widely regarded to have an incorrupt and meritocratic government, with a fair judiciary and strong rule of law. While the country practices parliamentary democracy, the government has significant control over politics and society, and the People's Action Party has ruled continuously since independence. One of the five founding members of ASEAN, Singapore is also the headquarters of the Asia-Pacific Economic Cooperation (APEC) Secretariat and Pacific Economic Cooperation Council (PECC) Secretariat, as well as many international conferences and events. Singapore was the host to the inaugural Youth Olympic Games in 2010, the Ma–Xi meeting and the 2018 North Korea–United States Singapore Summit. Singapore is also a member of the United Nations, World Trade Organization, East Asia Summit, Non-Aligned Movement and the Commonwealth of Nations.

Source: Wikipedia

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Panama ( (listen) PAN-ə-mah, pan-ə-MAH; Spanish: Panamá IPA: [panaˈma] (listen)), officially the Republic of Panama (Spanish: República de Panamá), is a transcontinental country in Central America and South America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914.

The 1977 Torrijos–Carter Treaties agreed to transfer the canal from the United States to Panama on December 31, 1999. The surrounding territory was first returned in 1979.Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors. It is regarded as having a high-income economy. In 2019 Panama ranked 57th in the world in terms of the Human Development Index. In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO, and NAM.

Source: Wikipedia