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Word Count: 337
4 Indicate the economic environment of your country by providing the following 61548GNP andor GDP classify as low to high 61548Classify your country by region 61548Economic system market command mixed 61548Economic growth and inflation 61548Trade deficits or surpluses Form the above information provides a written report to an international manager wanting to conduct business in your country To international manager I would like to explain why Finland is the best place that worth to invest money on it Actually Finland has a high industrialization and a large free market economy There are abundant forest resources like paper and wood capital investments and especially technology such as electronic goods and telecommunication cellular phones Due to the production of Nokia that is very famous nowadays profoundly impact the aggregate demand on both electronic industries and telecommunication companies Thats why Finland has the fastest economic growth of the economies in the European Union EU for several years Moreover as we can see that the GDP is growing steadily since 1990 The GDP reaches 56 in 2000 because of the export renders not only for the high GDP growth but also the recovery from severe recession caused by the collapse of the Soviet market in early 1990s Once again exports of goods occupied 42 of Finlands GDP as I have said before On the other hand Finland also depends on import particularly raw materials energy and some components for its manufactured products Climatic and geographic influences will affect the agricultural development because it locates in Northern Europe and has a cold temperate therefore it is limited to maintain self-sufficient in Finland However it locates between Sweden and Russia so it is good for trading because it reduces the transportation cost In addition Finland introduced the Euro as a sole currency on 1 January 2002 Firstly introduced on 1 January 1999 by the European Monetary Union It directly lowers the inflation rate from 08 percent in June to 05
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