Originally, the country was considered to be an agricultural country. However, this has changed after the Second World War. It is now considered that the country is an industrialized nation. It has developed and forayed into many sectors. The economy of the countries is controlled by the Small and Medium enterprises. This constitute major portion of their economy. It is considered to be one of the richer countries in Europe. The GDP of the nation is estimated to be about 333 billion USD. Nevertheless, the recession in the world markets from 2008-2009 and the Greek, China financial crisis had a negative impact on the economy (Portes, 2014). Nevertheless, this country continues to remain strong in these adverse conditions. 70% of the trade has been found to be within the EU.
Danish is the national language and other languages such as English, Swedish, and Norwegian are spoken in this country. They have their own unique culture in terms of food and following of customs. In general, the country is cosmopolite populations where there are people are broad and open minded. They have high level of tolerance.
There is adequate infrastructure for facilitating trade. The people in general are more welcome to newer technology and productivity in the region (Portes, 2014). There are a number of technological development that has happened in the region ever since.
For matters pertaining to trade and international trade, the country is found to follow the EU conventions and ensures that they follow the World Trade Organization policies. The country in general favors trade.
A number of legislation has been proposed in this country after high levels of pollution was located in this country. The air pollution was from vehicle, and power plant emissions. Nitrogen and phosphorus pollution also affects this region adversely. Owing to fact that this country was primarily agricultural country, the seas and water bodies has been polluted by fertilizers and pesticides. Ground water and Baltic Sea has been affected adversely. A number of regulatory reforms and environmentally sustainable measures are followed in this country (Portes, 2014).
To conclude, it is a stable democratic country and welfare state that is becoming industrialized and 70% of the trade in the region is within the surmounting countries in EU. There will be great progress in the nation if it chooses to invest in emerging countries.
It has adequate infrastructure to support trade and increase business operations in the region.
There are a number of legislations that have been formed in the country. Implementation of these rules has been questioned. There are weak IPR rights in the country which needs to be factored by the company who are choosing to venture into the nation.