Denmark : A Economic And Social Factors Of The Country

6. Julie Marshall 's first cousin, Jean-Paul, lives and works in Belgium. They have had long "discussions" via e-mail about the benefits and drawbacks of living in the U.S., a capitalist system, vs. living in Belgium a socialist economic system. Both Julie and Jean-Paul defend their country 's system. What do you think Julie would say about the benefits of living in the U.S. and the drawbacks of living in Belgium, and how would Jean-Paul respond?

Today Denmark is one of the most prosperous countries in the world. Unemployment rates are low. Denmark also has low inflation and a surplus on both balance of payments and public expenditure. The World Economic Forum’s 2008 competitiveness index ranks Denmark in its Top Three world-wide. And the World Transparency Index ranks it as the world champion in non-corruption. Furthermore it should be noted that other international comparisons nominate the Danes as the happiest people in the world! Denmark’s success is so impressive.

Since the end of the last ice age, Denmark has gone from a small hunter- gatherer society, to a super power during the Viking era, and slowly transformed into what it is today. Although not considered a super power in today’s standards it is still a thriving society, with citizens that are some of the happiest in the world. This is possible due in large part to their economy. The Danish military is small but completely capable of defending itself while simultaneously providing support to its allies. The physical environment of Denmark plays a significant part in what has made the country successful. All of these things combined truly make Denmark a model to live by.

The company also should consider other factors in choosing the location of the plant including:

| The Purpose of this project is to increase overall sales by developing new products, increasing productivity and national presence and reducing dependence on equipment suppliers. To accomplish this creation of a new manufacturing plant is required. The plant will be built in a

Lester Scholl, Chairman of the Board at AutoEdge, told me during my interview, the company has been floundering since product quality issues caused millions of automobiles to be recalled. This morning he explain what he wants me to focus on initially. The board is considering several proposals in response to their situation, and they need me to create a list of the legal, cultural, financial, and economic factors that AutoEdge needs to consider about the location of our manufacturing operations. Most members of the board aren't familiar with this aspect of the business, so they

The Danes welfare model gives them the ability to balance work with family life. Most are in good health. The language spoken is Danish. They enjoy their lifestyle and are known for their Danish traditions, Christian faith, architecture,

A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs than locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $185 in either case.

Our firm has set out to Internationalise its operations by opening to different facilities One in China Assembling and Maintaining Aircraft Engines and the other in Europe fabricating turbine blades for Aircraft

statistics displayed that some categories of people were more prone to take their own lives,

Another alternative should be to create a plant in Europe so now they don’t have top ay all the taxes they have to pay so they can export their products, in that way they will be able to give better prices to their clients, and they will supposed to have a better service and more quality because they where the pioneers in those products.

3.)Assume the CEO of Harley has decided to set up new manufacturing facilities in both China and India. Which of the general environment conditions should be analyzed before Harley makes strategic investments in each country. And to get started there, should Harley set up wholly owned

Moreover, even though producing in Vietnam would suppose a strong saving in cost in the labor-intensive processes, the risk of mold duplications and counterfeits is high. The imitation of the company’s products would eliminate the differentiation that allows them to charge a much higher price than the local manufacturers (15$ compared to 3$). Also, the company lacks of experience establishing a wholly owned subsidiary in a new country.

The third factors that the producer must consider to come in the foreign country is the technological of the country. The producer must use the suitable technological for the country. It is because if the producer use the low technical from the country , the country will decrease their believable to the producer because they look their technological is more better. But , if the technological that producer use is very high the country also don’t know the technology and they also cannot be acceptable. Besides that, the technological that the producer use must have been easy to the labor of the country to manage. If the labor don’t know how to manage it, the process of production may take along time. That means, it will increases the cost of labor. So it will failed the goal of the company to save the labor costs.

Lying between the China and Japan, South Korea is located Korea Peninsula that is convenient location of Far East Asia, which is good for trading due to close Pacific Ocean. Korea’s land is not so big, so this reason appropriate place to establish the factory is not difficult. South Korea’s manufacture industry complex is concentrated on near Seoul, which is the capital and near Busan, which is the second city of Korea. Both city has big port and located near the ocean. For overseas manufacturers with limited knowledge of doing business in South Korea, near the capital and second city will probably be a safer bet as an alternative production base.