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Essay / The Economy of the Netherlands - 1396
The Netherlands is a highly industrialized and prosperous nation with an open, mixed economy that is one of the ten richest nations in the world and the 17th largest economy of the world. Historically, the Dutch introduced and invented the stock market by a group of buyers and sellers of stocks through commodity trading through a chartered company established in 1602 called the Dutch East India Company, which was an association formed of investors and shareholders for commercial purposes. exploration and colonization. The company is considered the world's first multinational company and also the first to issue shares. The Netherlands experienced rapid economic growth and near-zero inflation between the late 1980s and 1991 and also has one of the best credit ratings in Europe. Even so, they were hit by the global recession of the early 1990s, the September 11 terrorist attacks in the United States and the war in Iraq. The Netherlands is a founding member of the OECD; Organization for Economic Cooperation and Development, as well as the World Trade Organization. They also stand out for their stable professional relationships and relatively low unemployment rate. The Dutch labor market also has relatively strict regulations regarding dismissal of employees, but the House of Representatives has relaxed these regulations in order to reduce the government's budget deficit to less than 3%. Even though the Netherlands' natural resources, such as agricultural land, oil and gas, are limited, its location plays an important role as a European transportation hub. Warehouse trade, a trade based on the transit of goods between Europe and the rest of the world, represents more than half of the country's national income, the majority of which passes through Rotterdam Europort; one of ...... middle of paper ...... a variety of blub type flowers such as daffodils, tulips, crocuses, hyacinths and various other species. Large flower and plant auctions take place daily. The most famous flower auctions take place in Aalsmeer, where more than 20 million cut flowers are sold every day. The Netherlands' economy is made up of many elements that contribute to its overall income. Things like trade and transportation, technology and manufacturing, agriculture and horticulture all play major roles in the economy, along with various other factors. Trade and transport make the Netherlands the “gateway to Europe”. Many Dutch and non-Dutch multinational electronics companies and industries are located in urban centers. Half of the land is used for agriculture and other forms of farming. Thanks to these elements, the Netherlands has a thriving economy that continues to grow..