“The banking sector has grown significantly in recent years and many assets previously held in Switzerland have been moved to Singapore due to new taxes imposed by the Swiss. The biotechnology industry is booming, with pharmaceutical manufacturers such as GlaxoSmithKline, Pflizer, and Merck & Co. establishing plants here, and oil refining continues to play a huge role in the economy” (Zhou 2014). Singapore may be small but it is giving the world a reason to look at it with all its growth. As businesses moved to Singapore, they slowly transformed themselves into a global hub for the rest of the world. “With a total area of ​​just 433 square miles and a small workforce of 3 million people, Singapore is capable of producing a GDP of more than $300 billion a year, more than three-quarters of the world's” (Zhou