Denmark Research Paper Example | Topics and Well Written Essays - 500 words - 1

Denmark - Research Paper representativeIt is a European Union (EU) member meaning that most of its regulations and legislation match standards of European Union.The hoidenish exists along the strongest supporters of trade liberalization within the European Union. After an extended upswing driven by consumption, its prudence started dawdling in the year 2007 accompanied with the ending of housing boom. In the years 2008 and 2009, the prices of houses significantly dropped, and possess continued dilapidating. This decline has been worsened by the global financial crisis. The decline as well as increased the cost incurred in borrowing leading to decreased consumer confidence, reduced export demand and lesser investments (Country Economic Forecast, 2012). cardinal five percent of the countrys Gross Domestic Product (GDP) is accounted for by the service industries. On the other hand, the agricultural heavens records reducing results since the finish of World War II. These proportions of the sectors contribution are also portrayed in employment agricultural sector accounts for 1.6%, services sector 73% and industrial sector 25%. The countrys labor force is extensively unionized where 70-75% of total workers associate with coalition of trade unions (COTU) the unions exhibit cooperative relationship with the economys employers. Similar to other Nordic nations, womens employment and participation rates are high (Country Economic Forecast, 2012).The country has a monarchy style of leadership Queen Margrethe II being the states head. The country has high degree of accountability and transparency evidenced by the political institutions affairs satisfaction. It is considered to be among the least corrupt countries. Its corporate tax and ad valorem tax rates stand at 25%. The objective of the countrys central bank is pretension stabilization (Country Economic Forecast, 2012).The estimated countrys