Nobody downloaded yet

Economy Report and International Business in Denmark - Essay Example

Comments (0) Cite this document
Business Contents Contents 2 General information on the size and structure of the economy statistics 3 Cultural Stereotyping in Denmark and Impact on International Trade 3 Music Industries in Denmark and International Business 6 Sporting Activities in Denmark and International Business 7 References 10 General information on the size and structure of the economy statistics The Gross Domestic Product during the 2010 period is estimated around $10.3 billion…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Economy Report and International Business in Denmark
Read TextPreview

Extract of sample "Economy Report and International Business in Denmark"

Download file to see previous pages The export commodities are constituted of manufactured products that amount to around 73 percent of the total exports. Again the agricultural commodities and other products constitute around 19 percent of the total exports. Agricultural products constituted around 18.7 percent of the export revenues. Similarly the imports pertaining to the region in the 2010 period amounted to around $84.409 billion. Commodities like raw materials and semi-manufactured commodities constitute around 37.4 percent of the total imports while consumer products and capital goods constitute around 18 percent and 21.7 percent respectively. The major countries that carry out the export and import transactions with Denmark are like Germany, Sweden, United Kingdom, Norway, and Holland in common while countries like China and United States only carry out the import activities with Denmark (U.S. Department of State, 2011). Cultural Stereotyping in Denmark and Impact on International Trade The economy of Dutch is found to largely depend on the activities of international trade conducted with different countries round the world significantly in the fields of import and export activities. The Dutch economy becomes highly dependent on countries like Germany for largely exporting the food products and other manufacturing products and similar materials. Dependency of Denmark over the German economy has risen to such extent that it has become evident that Denmark would fail to exist without the help obtained in from the German Republic. It is held that increasing dominance of Germany in Denmark’s international trade and tourism activities would lead to bolster a sense of inferiority and thereby threatens to usurp its cultural heritage. This fear of losing their own cultural heritage makes the people of Denmark bolster up their confidence in setting of stereotyped national cultures. Cultural stereotyping is considered as an important tool by the Dutch people in order to save their conditions from being largely invaded by the German culture (Renckstorf, 2004, p.347). The cultural parameters in Denmark pertaining to the dress codes are viewed to be quite casual in nature. Casual dresses in Denmark reflect less focus rendered on wearing any kind of formal suit. However this type of stereotyping method in regards to the dress codes often earns conflict in times when the person proceeds to work in a trade environment dealing basically with international trade activities. Therein the people are required to follow a certain formal dress code and thus to abstain from wearing casual wear in the office or working hours. Henceforth the people and cultural parameters of Denmark need to become much flexible in order to rightly embrace the internationalisation of trade activities in the region. Again the people of Denmark also regard or give importance in maintaining adequate distance when communicating with someone. The people regard maintaining a distance of an arm or two when talking with people. This type of a culture developed among the people also depicts a stereotype nature of maintaining relationships with the people either pertaining to domestic or international regions. This type of stereotyping activity reflected by the people of Den ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economy Report and International Business in Denmark Essay”, n.d.)
Retrieved from
(Economy Report and International Business in Denmark Essay)
“Economy Report and International Business in Denmark Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economy Report and International Business in Denmark

International business management report

...and different stakeholders therefore require project management to be governed in effective manner. This report will also include evidence from the various reports of National Audit Office on the success of implementing Shared Services in UK and will take practical insights from the same. ManCo’s decision to implement a shared service to manage certain business processes will require a systematic approach towards understanding how the overall dynamics of project management work besides how leadership can effectively contribute towards the success of the project. More collaboration needs to be on the development of agile systems which are not overly complex as well as fulfill the...
12 Pages(3000 words)Essay

International business strategy report Vodafone

...? International business strategy (Vodafone) Table of Content Introduction 3 Background of the company 3 Identification of strategic issues through analysis 3 Generating Future Strategic Options 6 Strategy Evaluation and Selection 7 Future Strategic Recommendations 8 Reference 9 Appendix 10 Introduction This is a business report about international business strategy of Vodafone. This report or case solution has been made by in depth analysis of a case study based on strategic business issues of Vodafone based on the information from company’s performance report on 31st March, 2009. The...
6 Pages(1500 words)Essay

International Corporate Finance - Business Report

...? International Corporate Finance- Business Report Executive Summary This study is on the situation where the Australian Investment bank has to advice King Minerals Limited on the country which would be suitable for exploration or expansion of mining business. This is possible through conducting a country risk analysis, where the political and economical risks of the country would be evaluated in details in order to take decisions for the same. The country chosen is South Africa and gold would be best option when it comes to choosing mining mineral in South Africa. This is because South Africa is one of the major producers of gold in the world. The Foreign Direct...
9 Pages(2250 words)Essay

International Business - Bicycles and Economy

...on bicycles, therefore neither a small country can help us launching our product, nor a big country having a lot of poverty in it can. We all have to think keeping the nature of product and nature of market in the mind. If something that is commendable in making international business possible than it is globalization, and its importance can be analyzed from the sentence: "As the world's economies become more integrated and international business becomes more globalized, the nature of international business management concerns changes as well. New areas of international business...
5 Pages(1250 words)Essay

International Business Book Report/Review

...Western countries, United s fir example, while negotiating have the traditional handshake when the mutual agreement is reached - this is the accepted cultural sign that the negotiations were successful and the cooperation is expected in the future. The meaning of the handshake has similar meaning, but still different - handshake indicates that the serious negotiations are still ahead. This is only a small example why understanding of the cultural differences is vital for doing the international business. Those individuals who operate on the international markets sometimes are amazed how different is the behavior of people from other countries. Of course, at the time of globalization,...
3 Pages(750 words)Book Report/Review

International business and economy

...customers with the strength and vitality of the Japanese economy, its democratic political system, and its Post World War II tradition of close business ties with U.S. companies, and the stage is set for a phenomenal boost in PM Company's sales driven by the Japanese market. As promising as this market is, there certainly are some cultural obstacles that will need to be overcome when trying to break into this market. Japan, like many other Far Eastern countries, has built a society on the notion of suppressing individualism in favor of the good of the group. That culture has carried over to the business world, where the Japanese will tend to be governed less by individual aspiration...
5 Pages(1250 words)Essay

Indian economy(international business)

...Indian Economy: The Indian economy has been growing at a phenomenal rate over the last few years. It is expected to maintain that rate in the near future too, which would make it an economic superpower in its own right. While this turnaround in India’s economy is a source of celebration for the world community, there are some genuine reasons for worry as well. The foremost of the concerns is inflation. The high growth is matched by a high inflation inducing confusion in the minds of consumers. The rising prices of commodities had sapped much of the initial optimism. The value of the Indian Rupee against the U.S. Dollar is presently unfavorable. The economic boom of the last few years...
2 Pages(500 words)Essay

Market Cultural Report ( International Business )

...of things and their traditions. This is also so as to avoid cultural conflicts in the host country that may affect the acceptance of the business by the citizens. This report analyses the culture of the United Arab Emirates (UAE), in specific the Emirates of Dubai. It looks at some of the cultural components of the country and how this impacts the international business. These cultural components include, the traditions of the country, the beliefs and the religious aspects affecting the market. Finally, it looks at what businesses need to do or consider in order for it to operate effectively in this country and gives a conclusion of the important...
8 Pages(2000 words)Essay


...% consecutively (Country Economic Forecast, 2012). The GDP real forecast growth trend shows improvements, a condition depicting economy growth. On the other hand, the forecast trend of the inflation records decline, also a symbol or growing economy. Therefore the county, I comparison to other global countries and under the changing economic conditions is in a better position to grow or expand further. References Central Intelligence Agency (2013). The World Fact Book. Retrieved from; Country Economic Forecast (2012). Denmark. Oxford: Oxford Economics Ltd. Retrieved from...
2 Pages(500 words)Research Paper

International Business Finance Report

...International Business Finance Report and International Business Finance Report IntroductionGreen building is a compilation of materials, strategies and practices to lower and eventually get rid of the impact of buildings on the ecosystem and human beings (EU SME Centre, 2013). As opposed to other forms of environmental movements, sustainable green building materials design a real and feasible. It is long-term exercise that has a potential of making an enormous contribution to energy conservation and environmental health internationally (EU SME Centre, 2013). Nature of Green Building Material Market China While green building is...
10 Pages(2500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Economy Report and International Business in Denmark for FREE!

Contact Us