31.10.2012 Views

Doing Business in the Netherlands 2012 - American Chamber of ...

Doing Business in the Netherlands 2012 - American Chamber of ...

Doing Business in the Netherlands 2012 - American Chamber of ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Do<strong>in</strong>g</strong> <strong>Bus<strong>in</strong>ess</strong> <strong>in</strong> <strong>the</strong> Ne<strong>the</strong>rlands <strong>2012</strong><br />

International Crim<strong>in</strong>al Tribunal for <strong>the</strong> Former Yugoslavia, <strong>the</strong><br />

International Crim<strong>in</strong>al Court, and <strong>the</strong> Special Tribunal for Lebanon.<br />

The first four are situated <strong>in</strong> The Hague, as is <strong>the</strong> EU’s crim<strong>in</strong>al<br />

<strong>in</strong>telligence agency Europol and judicial cooperation agency Eurojust.<br />

This has led to <strong>the</strong> city be<strong>in</strong>g dubbed “<strong>the</strong> world’s legal capital.” The<br />

fifth tribunal is situated <strong>in</strong> Leidschendam.<br />

The Ne<strong>the</strong>rlands has a capitalist market-based economy, rank<strong>in</strong>g 6th<br />

among 43 countries <strong>in</strong> <strong>the</strong> European region accord<strong>in</strong>g to <strong>the</strong> Index <strong>of</strong><br />

Economic Freedom.<br />

1.5 Economy<br />

Macroeconomic figures 2011 Value<br />

Gross domestic product (GDP) EUR607 billion<br />

GDP per capita EUR32,500<br />

GDP growth 1.5%<br />

Inflation rate 2.6%<br />

Total workforce 7,845,000<br />

Unemployment rate 5.6%<br />

The Dutch economy has a strong <strong>in</strong>ternational focus, <strong>the</strong> country<br />

be<strong>in</strong>g one <strong>of</strong> <strong>the</strong> European Union’s most dynamic centers <strong>of</strong> trade and<br />

<strong>in</strong>dustry. Its global competitiveness position has streng<strong>the</strong>ned<br />

accord<strong>in</strong>g to <strong>the</strong> 2011 report released by <strong>the</strong> World Economic Forum<br />

(WEF), be<strong>in</strong>g at 7th place <strong>in</strong> <strong>the</strong> Global Competitiveness Index (GCI).<br />

1.5.1 Downturn<br />

In <strong>the</strong> Ne<strong>the</strong>rlands, as elsewhere, <strong>the</strong> global economic downturn has<br />

taken its toll. Global recession and f<strong>in</strong>ancial pressures do not respect<br />

national borders, especially those <strong>of</strong> open economies such as <strong>the</strong><br />

Ne<strong>the</strong>rlands.<br />

Although <strong>the</strong> Ne<strong>the</strong>rlands had <strong>the</strong> advantage <strong>of</strong> a relatively strong<br />

economy and low national debt go<strong>in</strong>g <strong>in</strong>to <strong>the</strong> crisis, it is a trad<strong>in</strong>g<br />

nation and its port <strong>of</strong> Rotterdam is an important economic eng<strong>in</strong>e.<br />

Baker & McKenzie 15

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!