Research Paper on:
Commercial Appraisal of Spain

Unformatted Sample Text from the Research Paper:
look at Spain we need to consider the economic position, the availability of the labour force, the retail enjoinment and other factors before deciding if Spain is a suitable  commercial target. The country is a part of the European Union, and as such can be seen as a member of this trading block. However, we will consider the  country independently. The country has a large economy, with a GDP in 2000 of $720.8 billion (CIA, 2002). The purchasing parity per capita is equal to $18,000 (CIA, 2002). This  has been showing a steady increase, and Spain may be seen as one of the success stories of Europe, even when negative growth has been seen in other countries, the  average GDP growth rate has been in the region of 4% (CIA, 2002). If we consider the way in which the GDP is produced, 65% is from the services sector,  31% form industry and 4% from agriculture (CIA, 2002). In terms of inflation there are some constraining factors. Not only in terms of the requirement for good economic growth, but  also as a member of the EU the country has to maintain a low level of inflation. For the twelve months ending at the end of February 2002 the inflation  rate was 3.1%, for 2001 it was 2.7% and for 2000 it was 3.4% (CIA, 2002, FT, 2002). If we look at the currency we also need to  remember that the country has entered into the EU. This has included the adoption of the single European currency. Although the actual changeover occurred at the beginning of 20023, the  transition began two years before this, with a pegging of the currency rates, therefore, from 2000 the peseta was pegged to the euro, and was determined by the supply and