1. Assignment # 01_
Shifting Business From Asia To Europe
Country Risk Analysis
Instructor: Kashfah KhanChowdhury(Kdc)
INB-355, SECTION-2
Submission Date: 14th February,2015
Prepared By:
Md. Ferdous Khan Samuel-(111 0706 030)
2. 1
Chinese car manufacturing company:
My company produce new car. For some reason I am thinking to shift my business from
Asia to Europe and in Europe I have 3 option for transfer my car manufacturing business.
and these 3 countries are 1. Hungary 2. turkey 3. Belgium
Comparison of 3 countries:
According to some research data, for to start new business Belgium is in the 14th position in
world ranking, Hungary is in 57th and turkey is in 79th position in world ranking.Among the
three country, technologically and infrastructurally Belgium is really upgraded. Though the
labour cost is comparatively high in Belgium rather than the other 2 country. But for to run
business financially and bureaucratically Belgium's position is strong other then Hungary and
Turkey. And also Hungary in that strong financially. Par/capita of Belgium is more than
double from Hungary. Legal condition is also friendly for to start a new business. So overall
this data is showing that Condition of Belgium is really good for starting a new business.
Name Rank GDP $ (billion) GDP Growth
(%)
GDP/Capita ($) Trade Balance as
% of GDP
Population
Belgium 14 507 0.1 37,800 -1.8 11,195,138
Hungary 57 131 0.2 19,800 1.3 9,897,247
Turkey 79 822 3.8 15,300 -7.1 74,932,641
Name Financial Position Political
Position
Infrastructural Condition Labor Cost
Hourly (EUR)
Technology
Belgium
Rank world
40 34 17 38.27 14
Hungary
Rank world
58 77 39 6.94 49
Turkey Rank
world
51 109 51 4.61 54
3. 2
Belgium: Perfect country for Shifting
Belgium is modern, open, and private-enterprise-based economy has capitalized on its central
geographic location, highly developed transport network, and diversified industrial and
commercial base. Industry is concentrated mainly in the more heavily-populated region of
Flanders in the north. With few natural resources, Belgium imports substantial quantities of
raw materials and exports a large volume of manufactures, making its economy vulnerable to
volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In 2013 Belgian
GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year,
and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to
3.2%.Belgium is a constitutional, popular monarchy and a parliamentary democracy.The
judicial system is based on civil law and originates from the Napoleonic code. Belgium is
among the most highly industrialized countries in Europe. Its location is at the heart of a
highly industrialized region helped make it the world’s 15th largest trading nation in 2007. Its
main imports are raw material, machinery & equipments, chemicals, raw diamonds metals,
food stuffs, transportation equipments, oil products. Its main exports are machinery &
equipment, chemicals, finished diamonds, metal & metal products.
So, i think shift my Car manufacturing business from Asia to Europe Belgium is the best
option for me other then Hungary and Turkey.
