Eastern Europe as a Marketplace
-
Upload
dasha-chizhova -
Category
Business
-
view
885 -
download
2
description
Transcript of Eastern Europe as a Marketplace
Eastern Europe as a Global Marketplace
Subject: International BusinessProf.: Henrietta Carbonel
16.10.2013By Daria Chizhova
Table of Content
Geographical aspect
Political and Historical aspects
Economic aspect
Social aspect
Opportunities vs Challenges
Geographical Aspect (I)
Current Country Members (II)
The Baltic States
Estonia
Latvia
Lithuania
Former Soviet States
Russia
Ukraine
Belarus
Moldova
Southeastern Europe
Albania
Bosnia and Herzegovina
Bulgaria
Kosovo
Macedonia
Montenegro
Romania
Serbia
Central Europe Croatia
Czech Republic
Hungary
Poland
Slovakia
Slovenia
Transcaucasia Georgia
Armenia
Azerbaijan
Political + Historical Aspect
WWI resulted in the breakup of the Russian, Austro-Hungarian, and Ottoman empires => ethnic nationalism created new states in Eastern Europe, validated by the Versailles Treaty of 1919
After WWII USSR Members, Communist Countries
No market economy
No private property
Collectivization
USSR collapsed in 1991 => Former Soviet Countries
Formation of NIS
Formation of CIS
Czechoslovakia and Yugoslavia
Enter of EU or candidates to EU
Economic Aspect
Transition from communist countries to market economy => long and difficult way
Privatisation issues in Russia, Ukraine, etc.
Hyper inflation issues
Nowadays Russia - one of the strongest economies in the region
Eastern Europe countries mostly - small economies, catching up after European Union
Unemployment Statistics
Budget Deficit
GDP/capita
GDP Growth
Social Aspect
Ex-Soviet countries desperately want to get in European Union
Russia still is considered as developing country with dictatorship plans
Bureaucracy and corruption
Lack of financial and humanitarian education in the regions
Lack of long-term management and business experience and practices
Opportunities VS Challenges
Opportunities
Low-cost labour
Lower costs (rent, energy, etc)
High IT and engineering skills
Close to Western Europe (time zone, cultural, location)
Developing region with various countries and various developing industries
Challenges
Bureaucracy and corruption
Lack of education for locals
Lack of experience in doing Long-term business
Cultural Differences
Considered as non-stable economies
Bibliography http://en.wikipedia.org/wiki/Eastern_Europe#Geographical
International Business By Griffin and Pustay
http://www.economist.com/blogs/graphicdetail/2013/07/european-economy-guide
http://www.referenceforbusiness.com/encyclopedia/Dev-Eco/Eastern-Europe-Doing-Business-in.html
http://www.computerweekly.com/feature/Why-more-businesses-are-nearshoring-in-Eastern-Europe
http://eandt.theiet.org/magazine/2009/19/eastern-europe.cfm
http://www.omniglot.com/language/articles/polandtales.htm
http://www.doingbusiness.org/data/exploretopics/resolving-insolvency/~/media/GIAWB/Doing%20Business/Images/Topic-Analysis/DB13/RI-figure3.gif