The World Development Indicators Research Paper Example | Topics and Well Written Essays - 750 words

The World Development Indicators - Research Paper Example As per World Bank report, with regard to ease of doing business, the country ranks at 63rd position out of total 183 economies of the world. The efficient infrastructure of the country accelerates economic development of the country. It will be appropriate to scan some of the important Macroeconomic parameters to get the feel of country’s overall economic health and risks associated in doing the business in the country. On macroeconomic front the country shows average GDP growth rate of around 2.5 percent and saving rate of around 10%. The long term unemployment rate of around 2% is within the acceptable norms compared to many big ticket economies including U.S. where currently, the unemployment rate is ruling around 8-10 percentage. Average inflation rate in the last 4 years is less than 3% (except the year 2008) which is quite moderate. State debt in percentage of GDP shows reasonably controlled fiscal management of the economy. It can be concluded from the above mentioned analysis that the Czech Republic does not pose any risk in doing the business at macroeconomic level; however, with regard to ease of doing business, it takes longer time to establish business in Czech Republic. Cell phone is a consumer product and utility gadget and due to ongoing technological up gradation offers huge possibility of expansion in the market for at least a few years to come. In view of this, the company must ponder over entering Czech Republic to harness the business potential available as on date.