Business Report - Country Analysis Essay Example | Topics and Well Written Essays - 1250 words

Business Report - Country Analysis - Essay Example However, the oversaturation in the market provides some obstacles and the option of joint venture and partnership appears to be the most profitable in expansion in the wine industry. France has been a major power in the European Union. Over the last 500 years, the country has flourished in various sectors like economy and culture. The political influence of the country also has been significant in the European Union. France has been one of the most developed countries and it is the world fifth largest economy as measured under the GDP and the ninth largest in terms of the purchasing power parity of the country. People in France enjoy high standard of living with good level of education throughout the country. The country has also a strong democratic foundation and the government is unitary semi presidential. In terms of economy France is the member of G8 group of nations. France is the origin country of the 39 biggest organizations in the world. The country has a mixed economy with a major number of the private enterprises and also a considerable number of state and government organizations. The government of the country has considerable influence over the key s egments of the economy which includes the infrastructure sector, agricultural sector and all the sectors operating in the country. According to the figures of World Trade Organization, in 2009 France became the world’s sixth largest exporter and the fourth largest importer of the manufacturing goods. The overall economic strength of the country can also be accounted from the fact that in 2008 France emerged out to become the largest receiver of foreign direct investment among the various OECD countries. French organizations also invested significantly towards the economy which further empowered the overall economic condition of the country. In matters of economy, the financial service, banks and the insurance sectors are an important