When assessing a country there are precautions a business must take. Country risk has been traditionally viewed in terms of political, economic and legal risks. Political risks are often assessed in terms of country stability and sometimes measured by the level of confidence in a government. Economic risks are reflected in levels of national growth, inflation, unemployment, balance of trade and taxes. Legal risks are traditionally viewed in terms of common law, civil law, and theocratic law. How do these play out? A change in national leadership, for example, sometimes leads to instability that can result in social turmoil. And, a new regime that reverses policies often disrupts investments. Some predictable, but mostly unforeseeable, these
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1,508,590 (14%) are under the age of fifteen, 1,047,393 (10%) are between fifteen and twenty-four, 4,630,294 (43%) are between twenty-five and fifty-four, and finally 3,555,962 are over the age of 55. Its current population growth rate is at -0.01%. So, its population is not expected to move much from where it is now in the upcoming years. The average Grecian goes to school for 17.6 years of their life, which is almost 6 years after high schools. Greece, however, has a much higher unemployment rate (25.6%), than what we have in the U.S. (5.5%). In its youth (age 15-24) unemployment rate is also very high at 64.2% compared to 13.4% in the U.S. Studying the Greek labour market I found that the high levels of unemployment are, to a certain extent, due to institutional factors. Particularly the trends of individuals for higher education have increased the supply of graduates, which has, in turn, outnumbered the demand. Other important factors that are causing high levels of unemployment are the high employment protection and non-wage cost of employees that discourages employers from hiring new employees. Also note that the market policies in play by the government do not seem to decrease the amount of unemployment. Greece’s Gross Domestic Product (GDP) in 2012 was $245.67 billion, in …show more content…
The sectors that contribute to the overall sales revenue are further organized into three categories: Agriculture, which contributes to 3.9% of the sales revenue, industry which contributes to 13.3% of the sales revenue, and services which contributes to 82.8% of the country’s revenue. Wheat is Greece’s main crop, and with the crop being so abundant elsewhere, not to mention lower price, we see Greece have a difficult time turning profit on their wheat. The industrial sector accounts for 27.3 percent of Greece 's GDP. One of the fastest growing and most profitable industries in this sector is the food industry, which has excellent export potential. High technology equipment production, especially for telecommunications, is also a fast-growing sector. This money could be used to improve technology and create jobs, and not just highly specialized jobs. The money could be used to create roads, infrastructure, to increase profits in the sector they make the most, services, specifically tourism. Tourism is all about the experience, and making the experience more enjoyable will attract more visitor. Greece 's chief sector of the economy, services is comprised of transportation, tourism, communications, trade, banking, public administration, and defence. Tourism is a vital source of Greece’s income the Parthenon,
1,508,590 (14%) are under the age of fifteen, 1,047,393 (10%) are between fifteen and twenty-four, 4,630,294 (43%) are between twenty-five and fifty-four, and finally 3,555,962 are over the age of 55. Its current population growth rate is at -0.01%. So, its population is not expected to move much from where it is now in the upcoming years. The average Grecian goes to school for 17.6 years of their life, which is almost 6 years after high schools. Greece, however, has a much higher unemployment rate (25.6%), than what we have in the U.S. (5.5%). In its youth (age 15-24) unemployment rate is also very high at 64.2% compared to 13.4% in the U.S. Studying the Greek labour market I found that the high levels of unemployment are, to a certain extent, due to institutional factors. Particularly the trends of individuals for higher education have increased the supply of graduates, which has, in turn, outnumbered the demand. Other important factors that are causing high levels of unemployment are the high employment protection and non-wage cost of employees that discourages employers from hiring new employees. Also note that the market policies in play by the government do not seem to decrease the amount of unemployment. Greece’s Gross Domestic Product (GDP) in 2012 was $245.67 billion, in …show more content…
The sectors that contribute to the overall sales revenue are further organized into three categories: Agriculture, which contributes to 3.9% of the sales revenue, industry which contributes to 13.3% of the sales revenue, and services which contributes to 82.8% of the country’s revenue. Wheat is Greece’s main crop, and with the crop being so abundant elsewhere, not to mention lower price, we see Greece have a difficult time turning profit on their wheat. The industrial sector accounts for 27.3 percent of Greece 's GDP. One of the fastest growing and most profitable industries in this sector is the food industry, which has excellent export potential. High technology equipment production, especially for telecommunications, is also a fast-growing sector. This money could be used to improve technology and create jobs, and not just highly specialized jobs. The money could be used to create roads, infrastructure, to increase profits in the sector they make the most, services, specifically tourism. Tourism is all about the experience, and making the experience more enjoyable will attract more visitor. Greece 's chief sector of the economy, services is comprised of transportation, tourism, communications, trade, banking, public administration, and defence. Tourism is a vital source of Greece’s income the Parthenon,