Country Comparisons-Croatia vs France

Country Comparisons-Croatia vs France

On the one hand, Croatia is a developed economy with a per capita of $10903.92. The century has created an enabling business environment by setting policies that favor investors in line with the European Union regulations and laws. Business activities are regulated by the Croatian Company Act, which provides the conditions for doing business in the country. Croatia is also strategically located, making it easier to extend business operations to neighboring countries (Sundac et al.). Despite these advantages, some disadvantages could affect business operations. For instance, the country’s economy is vulnerable because it relies on the European Union’s economic situation. The government is also dominated by people with a socialist mindset that has not fully changed into the modern-day market economy. Additionally, bureaucracy and corruption also continue to affect the country’s business environment, making it hard for investors, especially foreign investors, to grow their businesses.

On the other hand, France has an average per capita of $26980.13. The country has a friendly business environment dominated by innovative business leaders, a talented workforce, strong intellectual property selections, and a high-quality transportation system. The market for various products is also large because the country has access to the European Union market with more than 500 million customers (Green). Customers have a high purchasing power and are willing to spend any amount to purchase a product as long as they get value for their money. The main disadvantage of doing business in France is that hierarchy norms and power structure are much defined. Accordingly, business people are expected to know their counterparts’ rank and respect it. Do you need help with your assignment ? Contact us at eminencepapers.com.

Based on the analysis of the two countries, France is an ideal country to do business in because the disadvantages can be managed by understanding France’s culture. The business environment in France is also more favorable than that in Croatia because it includes a large customer base that can be leveraged to maximize profits.

References

Green, Nancy L. “Doing Business in France.” The Other Americans in Paris, 2014, pp. 143-182. University Of Chicago Press, https://doi.org/10.7208/chicago/9780226137520.003.0006. It was accessed on 27 Mar 2022.

Sunday, Dragomir et al. “EU and Croatia: Attractiveness of Business Environment.” SSRN Electronic Journal, 2013. Elsevier BV, https://doi.org/10.2139/ssrn.2232763. Accessed 27 Mar 2022.

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Pick out two European countries listed in the “Doing Business in …” series published by the World Bank. If the country you chose for your newsletter is there, you may use it as one of the countries. Compare and contrast the two countries in terms of the advantages and disadvantages of locating a business in those locales. This will take at least 300-400 words, and you should comment on two other contributions after you do your own. I will go first, but I will use two African countries for the example so that all of the European countries remain open to you. The countries I will compare and contrast are Nigeria and South Africa. These two countries are the largest economies in Sub-Saharan Africa.

Country Comparisons-Croatia vs France

Nigeria had a per-capital GDP of the US in 2010 (multi-year average). The cost of living is relatively low, so the per capita PPP is US 5300. According to the World Bank, the country’s economy and its ease of doing business have improved markedly in recent years. However, it remains far down in the “ase of Doing Business” rankings. Nigeria has a population of just over 200 million, very youthfully distributed, with 43% under the age of 15. The main religions are Islam (dominating the North), Christianity, Yoruba, and other native faiths. I found an interesting video on the CNN Business Traveler on Business in Nigeria. According to Trading Economics, Nigeria’s main export is mineral fuel, oil, and distillation products, and the countries it exports to are India, Netherlands, Spain, France, and the USA.

South Africa has a per capita GDP of US 7433, with a PPP of 12,350. South Africa’s economy and ease of doing business have been on the decline in recent years, but the political system is attempting to reverse this trend which reflected widespread corruption. It has a population of just under 60 million, with 28% under the age of 15. South Africa has a large black majority, but the history of apartheid kept them limited in economic development until recent decades. The white population was split between English and Dutch heritage, and there was an Indian population as well. There has historically been great mineral wealth in the country. South Africa’s main exports are gems and precious metals, ores (including platinum), vehicles, and mineral fuels. Its main trading partners are the US and China. I loved reading Trevor Noah’s autobiography Born a Crime and would highly recommend it for your reading!!!

In considering which country is the more favorable for business investment, I observe that by many indicators, South Africa is the more highly developed. This means more opportunities for consumer purchases, but on the other hand, there is more room for growth in Nigeria. So much depends on the political situation and the control of corruption. I would regard South Africa as a bit less risky.