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7/29/2019 GB_South Erope

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EUROPEAN UNION-

SOUTH


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FRANCE

Capital: ParisPopulation: 62,791,000

HDI Rank 20th

SPAIN

Capital: MadridPopulation: 45,989,000

HDI Rank 23th


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ITALYCapital: Rome

Population: 60, 340,000HDI Rank 24th

GREECECapital: Athens

Population:11,305,000HDI Rank 29th


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ECONOMY: WHY IS THE

REGION STRUGGLING?

FDI from wealthiernations redirected toEastern Europeancountries

Globalization took awaymany cheap labor, low-tech industries and putthem in places with

cheaper available labor

Difficulty in the adoptionof the Euro


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TRADE ENVIRONMENT

0

100

200

300

400

500

600

700

800

France Spain Italy Greece

Exports

Imports

* $ Million


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TRADE ENVIRONMENT

France

Ex: Machinery,transportation

equipment,chemicals, steel

Imp: Crude oil,aircraft/vehicles,

machinery/equipment

Spain

Ex: Motorvehicles,

foods,medicine

Imp:

Machinery,iron/steel

Italy

Ex: Engineeringproducts,

textiles,machinery

Imp: Engineeringproducts,

chemicals,transport

equipment

Greece

Ex: Foods,beverages,

manufacturedgoods

Imp: Machinery,transport

equipment


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IMPACT OF TOURISM

4th World Rank81 Billion EUR

(17.2%GDP)

1st World Rank

107 Billion EUR(10.9 %GDP)

5th World Rank43 Billion EUR

(9.7%GPD)

Greece ranks 17th(15%GDP)

USA3%

GDP


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POLITICAL CONDITIONS

ParliamentaryGovernmentAssistance

Union for theMediterranean

EU Legislature


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LEGAL CONDITIONS

Traditional, not Rational/Legal

Except France

Functions of EU law

Federal set of laws

Sources of EU law

Primary

Secondary Supplemental

EU Court of Justice


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EURO ZONE$1=0.77

EUR

FTA and

Custom Unions

Speculations

about EU viability

Facilitate tradeacross country

borders andkeep prices

down 23 countries use the Euroas official currency


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CURRENT FINANCIAL

OUTLOOK

Collection Agencies

Elimination of Payroll taxesin France

Government Bonds


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INFRAESTRUCTURE Excellent motorways and railways

thanks to heavy investments

in Spain, France and Italy

Air transportation is good and

relatively cheap: 250 airlines

aprox. operating in the region

The Atlantic and Mediterranean

coasts offer great maritime

transportation: Marseille, Valencia.


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CULTURAL ANALYSIS

FRENCH

SPANISHITALIANGREEK

LANGUAGES RELIGION

ROMANCATHOLICISM

EXCEPTGREECE

(Orthodox)

HIGHCONTEXTCULTURES

Importance toproject good

taste in apparel

Cheek Kissing asgreeting:

Woman-Woman

Men- Woman

In general,time is relaxed

Very low masculinityscore in France and

Spain

High PowerDistance


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INTERESTING FACTSWhen attending a business dinner in Spain, be prepared

to say up late. They do not have dinner until after 9 pm.

A Spaniard invented the mop!!!

France is the most visited country in the world with 75

million tourist yearly

When McDonald's opened in 1986 in Rome, food purists

outside the restaurant gave away free spaghetti to remindpeople of their culinary heritage


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Paris is often called City of Lights; lights refers to thenumber of intellectuals who lived there

Italians claim to have taught the rest of Europe how tocook. Italy is responsible for introducing the world to icecream (via the Chinese), coffee, and fruit pies.

Greece is the worlds third leading producer of olives

No one in Greece can choose not to vote. Voting isrequired by law for every citizen who is 18 or older.

Many Greek structures such as doors, windowsills and

furniture are painted a turquoise blue. It is used becauseof an ancient belief that this shade of blue keeps evilaway.


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