Doing Business in Sweden

Assignment/Case Title: Country Analysis Assignment

Group Members’ Names in an Alphabetic order:

Hao Wu 101023330

James Goodfellow 100772633

Lovely Juson 100968161

Nima Hosseinzadeh 100984774

Patrick Buckley 100992069

BUSI 2701

Section: A

Professor Shaukat

Date:  October 9, 2015

INTRODUCTION

        Sweden ranks highly in a various amount of categories such as national performance, economic competitiveness, education, quality of life, and equality. It would be a wise decision for an international business to invest in doing business in Sweden for the very high potential. This report will demonstrate the numerous amount of strengths in the political and economic situation in Sweden showing how it is a favorable destination for foreign direct investment. This paper attempts to display the details of the country from the demographics to a cultural understanding of the country, to the in-depth information about the political aspects, legal system and economy of the country.

GEOGRAPHY AND CLIMATE

Sweden is a Scandinavian country in northern Europe. It is the third largest country in the European Union. The capital city of Sweden is Stockholm. The climate of Sweden is a lot milder than most of the other countries in the world as north as Sweden is. The climate is influenced by a warm ocean stream nearby called the Gulf Stream. Sweden has many lakes and gulfs giving it a relatively mild climate, but it is still much colder than the average country due to its location way above the equator. July temperatures in Sweden average from 13 to 17°C. February is usually Sweden’s coldest month with temperatures anywhere between -22 to -3°C. Snow usually covers the ground from November to April and winter temperatures can drop to -30°C.

POPULATION AND DEMOGRAPHY

Sweden’s population is similar to Canada’s in regards to its ascension. The current population of Sweden is approximately 9,784,093. The population growth rate of Sweden is 0.79% with Canada’s population growth rate very close at 0.76% as of 2014. Besides the total populace, the two countries are alike in many different aspects of population. Both countries use immigration as a major source for growth in their respective countries. Since 2012, immigrants to Sweden have increased by 43,645 people.  Another way of measuring growth in citizenship is the birth rate. Sweden’s birth rate is 11.92 births per 1,000 citizens compared to Canada’s which is 10.29 births per 1,000 citizens. The average household size in Sweden is about 2.01 where Canada’s is 2.55. Overall, the two countries are very close to each other in many statistical categories regarding population. In comparison to the other European countries, Sweden has the second largest populous in northern Europe after the United Kingdom and the fifth highest fertility rate in the entire continent of 1.89 births per woman.  All of these factors contribute to the increasing population of the country.