The Netherlands
The Netherlands is a constituent country of the Netherlands. In 2013 the population in the Netherlands was 16.8 million. The major cities in the Netherlands are Amsterdam, Rotterdam and The Hague. The European region of the Netherlands borders to Germany (East), Belgium (south), and North Sea (northwest). ‘Holland’ is informally specified to the whole country.
“Netherlands” translates into “lower countries,” due to its lowland and geography. The Netherlands is the second largest food exported for food and agricultural product. This is due to the fertility of the soil and mild climate.
The Netherlands is a founding member of the European Union (EU), NATO, OECD, and WTO. The Netherlands is a market-based mixed economy, listed 17th out of 177 countries from the Index of Economic Freedom.
The Netherlands is generally established as an open market economy due to the foreign trade. Holland is recognized for low inflation and unemployment rates which are 1.3% and 3.8% respectively during 2006. The Netherlands is classified the 14th freest economy in the world. Its economy stands 77.1% free including Investment Freedom which is 90%, Business Freedom, 88.3%, and Monetary Freedom at 87%. The government plays a significant role in marketing goods and services for foreign exchange. The Free Market Economy will also be executed by the government of the Netherlands; however, the government has no control over the economic market.
However, the Netherlands is also considered a mixed economy because of individual freedom and government managing. The government has reduced being a major part of the economy throughout the 1980s.
Free Market Economy Factors:
The Netherlands’s economy relies on exporting and importing goods and services to various countries. The Netherlands trades its product worldwide, however, generally, it pursues its products in Europe. Germany is the best trading member of the Netherlands, pursued by France, Belgium and the United Kingdom. 79% of Hollands exports persist only in Europe. An example of products that are imported and are dangerous are banned. Imports from other countries that are transmitted to the Netherlands are custom checked before. The government does not handle the product that businesses are selling and trading.
Mixed Economic Factors:
The Netherlands was also interfered during the 2008 financial crisis/global credit crisis. The government defended the Netherlands and took measured from 2008 to keep the economy stable. It negotiated to maintain the savings and business, construction and other markets. The Netherlands had a loss of budget.
The government has increased since 2008 by roughly 15% GDP. Gross debt during 2008 was forecasted at 42.1% in the Budget Memorandum.
The economic crisis made the government waste more money on unemployment benefit.
In the end, the Netherlands is still established as an open market economy leaning more towards a Free market economy. GDP per capita is an important method to measure a country’s wealth per person. Netherlands GDP per capita displays a significant increase from 1960- 2013.
Another implication of alternating to a mixed economy with a propensity to free market economy is that countries are more worldwide spread and can trade goods and services which increase their technology, meaning the country’s GDP would have increased.
Trading with other countries also has its negative points. An example is that if China were to be in a financial crisis and the Netherlands sells and buys products they would also be affected. If China doesn’t purchase their products, the Netherlands economy will decrease dramatically.
“Netherlands” translates into “lower countries,” due to its lowland and geography. The Netherlands is the second largest food exported for food and agricultural product. This is due to the fertility of the soil and mild climate.
The Netherlands is a founding member of the European Union (EU), NATO, OECD, and WTO. The Netherlands is a market-based mixed economy, listed 17th out of 177 countries from the Index of Economic Freedom.
The Netherlands is generally established as an open market economy due to the foreign trade. Holland is recognized for low inflation and unemployment rates which are 1.3% and 3.8% respectively during 2006. The Netherlands is classified the 14th freest economy in the world. Its economy stands 77.1% free including Investment Freedom which is 90%, Business Freedom, 88.3%, and Monetary Freedom at 87%. The government plays a significant role in marketing goods and services for foreign exchange. The Free Market Economy will also be executed by the government of the Netherlands; however, the government has no control over the economic market.
However, the Netherlands is also considered a mixed economy because of individual freedom and government managing. The government has reduced being a major part of the economy throughout the 1980s.
Free Market Economy Factors:
The Netherlands’s economy relies on exporting and importing goods and services to various countries. The Netherlands trades its product worldwide, however, generally, it pursues its products in Europe. Germany is the best trading member of the Netherlands, pursued by France, Belgium and the United Kingdom. 79% of Hollands exports persist only in Europe. An example of products that are imported and are dangerous are banned. Imports from other countries that are transmitted to the Netherlands are custom checked before. The government does not handle the product that businesses are selling and trading.
Mixed Economic Factors:
The Netherlands was also interfered during the 2008 financial crisis/global credit crisis. The government defended the Netherlands and took measured from 2008 to keep the economy stable. It negotiated to maintain the savings and business, construction and other markets. The Netherlands had a loss of budget.
The government has increased since 2008 by roughly 15% GDP. Gross debt during 2008 was forecasted at 42.1% in the Budget Memorandum.
The economic crisis made the government waste more money on unemployment benefit.
In the end, the Netherlands is still established as an open market economy leaning more towards a Free market economy. GDP per capita is an important method to measure a country’s wealth per person. Netherlands GDP per capita displays a significant increase from 1960- 2013.
Another implication of alternating to a mixed economy with a propensity to free market economy is that countries are more worldwide spread and can trade goods and services which increase their technology, meaning the country’s GDP would have increased.
Trading with other countries also has its negative points. An example is that if China were to be in a financial crisis and the Netherlands sells and buys products they would also be affected. If China doesn’t purchase their products, the Netherlands economy will decrease dramatically.
China |
China is a socialist market economy. The socialist market economy is based on the dominance of an open market economy and a state-owned sector. With this economy China wanted people to believe that they are in the primary stage of socialism. However, this type of economic system has now developed to be known as a form of state capitalism. This system is identified with the restructuring an economic system known as the Marxist system according to the market rules. This socialist market economy has created a system in which market prices, as well as planning prices, private and public companies and the protection of private property, coexist.