Singapore belongs to the strongest economic areas in the world. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the Four Asian Tigers. The economy heavily depends on exports, refining of imported goods, especially in manufacturing. The manufacturing industry is well-diversified into electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing. The Lion City has been related as the business-friendliest economy in the world.
Singapore is one of three remaining true city states in the world and the smallest nation in Southeast Asia. The city state’s people are largely descendants of immigrants from the Malay Peninsula, China, the Indian sub-continent and Sri Lanka. The name "Singa Pura" means "Lion City".