The State of the Economy in the Netherlands - 771 Words

Netherlands is the fifth- largest economy in the Euro-zone. It is known for its stable economic relations with the industrial sector, moderate inflation and unemployment. It also has a sizable trade surplus and plays an important role as the transportation hub. The industrial sector deals mainly in food processing, chemicals, petroleum refining and electrical machinery. The agricultural sector is highly mechanized thus only provides employment to only 2% of the population but provides surpluses to the food- processing industries and for exports. Netherlands along with 11 other of its EURO partners started spreading it’s currency from 1 January 2002. The Dutch economy after 26 years of uninterrupted stability was left contracted by 3.5% owing to the international financial crisis. The Dutch economy suffered because of the close contact between some of its banks with the US mortgage- backed securities. In 2008 the government nationalized two banks and injected billions of dollar s to stem the losses in that crucial sector. In an effort to boost the economy the government started infrastructure projects and gave tax breaks to the employers to retain the workers and expanding export credit facilities. The stimulus programs and bank bailouts led to a deficit of 5.3% in the GDP, in 2010, as compared with a surplus of 0.7% in 2008. The Prime Minister started implementing fiscal consolidation measures in early 2011, which resulted in a reduced fiscal deficit to 3.8% of the GDP. InShow MoreRelatedNetherlands and Densely Populated Countries Essay697 Words   |  3 PagesThe Netherlands The Netherlands, officially Kingdom of the Netherlands, is a constitutional monarchy located in Northwest Europe. The Netherlands Antilles is part of the state and consists of islands in the Caribbean. The Netherlands is often called Holland after a historic region, part of the present day nation. The country is bounded on the North and West by the North Sea, on the East by Germany, and on the South by Belgium. Land is scarce in the Netherlands and is fully exploited. TheRead MoreBackground Information On The Business Environment1043 Words   |  5 PagesInformation on the Business Environment in Netherlands The country is in the Western part of Europe, and was discovered in January 30th, 1648. The population is just under seventeen million. The capital city, Amsterdam, has a population of 779,808. Political and legal: Mark Rutte is a Dutch politician who became the Prime Minister of The Netherlands in the year 2010, 14th October. In addition, he also became the first liberal Prime Minister of the Netherland since the year 1918, making it ninety-eightRead MoreNetherlands Pestle1437 Words   |  6 PagesNetherlands Report (Combine PESTLE analysis issues) POLITICAL - Dutch government is a parliamentary democracy with the Queen as the Head of The State. 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Pre-WWII: The U.S.’s economic partnership with the Netherlands dates back to the American Revolution, in which the Netherlands supplied finances and suppliesRead MoreThe Effects Of Sex Education On The Uk Essay731 Words   |  3 Pages2000) biological elements of sex education; puberty, reproduction, sexual transmitted infection must be taught to all pupils through National Curriculum Science, which is compulsory in state-maintained schools. In addition state schools must teach the wider personal and social aspects of sex and relationships and any state funded school that provide SRE must have ‘due regard’ to the government guidance (Department of Education, 2013). However, there is no statutory curriculum so schools are encouraged