Kinndom of Belgium

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Amity Business School

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KINGDOM OF BELGIUM

Sumit Kumar B-50

Global Trade in New MillenniumAmity Business School


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Flag

Yellow - a symbol of generosityRed - hardiness, bravery, strength &valour Black - Determination


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Map


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CountryLocation : Western Europe , bordering the North Sea , betweenFrance and Netherlands

Capital : Brussels

Currency : Euro

Parliament : federal parliamentary democracy under a constitutionalmonarchy

Current Prime Minister: Yv es LetermeH EAD OF STATE: King Albert IIT ime Difference b/w India and belgium : India is 3.5 hrs ahead of belgium.


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CountryDuring the 500 years from the 12th to the 17th century, the greatcities of Ghent, Bruges, Brussels, and Antwerp took turns at beingmajor European centers for commerce, industry (especially textiles),and art.

Following the French Revolution, Belgium was invaded and annexedby Napoleonic France in 1795. Following the defeat of Napoleon'sarmy at the Battle of Waterloo, Belgium was separated from Franceand made part of the Netherlands by the Congress of Vienna in1815.In 1830, Belgium won its independence from the Dutch as a result of

an uprising of the Belgian people. A constitutional monarchy wasestablished in 1831. Belgium was invaded by Germany in 1914 andagain in 1940.Since 1944, when British, Canadian, and American armies liberatedBelgium, the country has lived in security and at a level of increasedwell-being .


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Area - Area: 32,547 square kilometers (12,566 sq. mi.), about thesize of Maryland.Cities: Capital --Brussels (pop. 1,031,215). Other cities --Antwerp(466,203); Ghent (235,143); Charleroi (201,550); Liege (188,907);Bruges (116,982); and Namur (107,653)

Climate - temperate; mild winters, cool summers; rainy, humid,cloudyLocational Advantages - Belgium, a highly developed marketeconomy, belongs to the Organization for Economic Cooperationand Development (OECD), a group of leading industrializeddemocracies.

Densely populated Belgium is located at the heart of one of theworld's most highly industrialized regions.Belgium developed an excellent transportation infrastructure of ports, canals, railways, and highways to integrate its industry withthat of its neighbor Belgium's trade advantages are derived from its central geographiclocation and a highly skilled, multilingual, and productive work force. 6


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Border countries: France 620 km, Germany 167 km, Luxembourg148 km, Netherlands 450 km

Resource Advantages - The Belgian industrial sector can becompared to a complex processing machine: It imports rawmaterials and semi-finished goods that are further processed and re-exported. Except for its coal, which is no longer economical toexploit, Belgium has virtually no natural resources.

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CountryPopulation - The population of Belgium on September 3rd 2010 isapproximately 11,021,50

Population growth rate - 0.78%(July 2010)

Urban vs. Rural Population 97.36 %(2008) vs 3.6%

Religion Major- Christianity , Roman Catholic-75% , Islam-6% ,20% dont practice

Literacy rate - 99%

Language - Official languages: French , Dutch ,German


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CountryPolitical System The political system of Belgium is based on afederal parliamentary democracy under a constitutional monarchy,with King Albert II as head of state.the government is divided into the federal government, the regionalgovernments and the community councils.

In addition to this, there are three regional government areas inBelgium- Dutch speaking Flanders, French-speaking Wallonia andthe bilingual capital, Brussels.The 3 regions have authority over 10 policy areas (economy, energy,employment, transport, public works, science, regional development,environment, agriculture, housing, and water)

Administrative System -10 provinces-Antwerp , Flemish Brabant ,West Flanders , East Flanders , Limburg , Waloon Barbant, Hainaut ,Liege , Luxembourg , Namur


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Economy GDP - $469 billion (2009) 0.76% of world GDP per capita - $25,103(2009 ) Contribution in GDP

Agriculture 0.8%Industry 24.5%Services 74.7 % ( 2009)

Unemployment rate 8.3% (2009 ) Poverty 15.2% (2007)

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Political scandals:Mr Leterme handed in his resignation in April 2010 after thegovernment collapsed when a key coalition partner pulled out in arow over francophone rights in Dutch-speaking areas near Brussels, thus paving the way for an early electionThe liberal Open VLD party says it has lost faith in thegovernment because it has failed to resolve a dispute betweenFrench and Dutch speaking parties over electoral boundariesaround the capitalTensions between the two main language communitiessometimes run high, and the issue has brought down severalgovernments, creating frequent political instability.

Work environment:It has a mixed-economy structure.

Working in Country


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Multinational Companies (in the country):Hellenic Bank AssociationInfenion- technologyCarrefour TelenetUCB

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BIBLIOGRAPHY

www.nationsencyclopedia.comwww.cia.govwww.travelmath.comwww.wikipedia.orgwww.tradingeconomics.com


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Kinndom of Belgium