Country Risk Analysis on Denmark

Topics: Denmark, Faroe Islands, Greenland Pages: 15 (4198 words) Published: March 25, 2014
COUNTRY RISK ANALYSIS
ON
DENMARK
INDEX

Denmark: Country Profile

Denmark is a Scandinavian country in Northern Europe bordering the Baltic and North Sea. The country consists of a large peninsula and many islands referred to as the Danish Archipelago. Neighboring countries include Germany, Norway, and Sweden. Denmark has a strategic location controlling the Danish Straits that link the Baltic and North Seas. The government system is a convention monarchy. The chief of state is the Queen and the head of government is the Prime Minister. Denmark has a modern market economy in which the prices of goods and services are determined in a free price system. Denmark is a member of the European Union (EU) In recent times, Denmark has been known for its modern economy and extensive welfare system, while enjoying an often difficult relationship with the European Union. Key Facts and Figures

Full name: Kingdom of Denmark
Population: 5.6 million (UN, 2013)
Capital: Copenhagen
Area: 42,915.7 sq km (16,640 sq miles)
Currency : Danish krone[f] (DKK)
Major language: Danish
Major religion: Christianity
Life expectancy: 77 years (men), 81 years (women) (UN)
Monetary unit: 1 krone = 100 ore
Main exports: Machinery and equipment, foodstuffs, chemicals GDP : $211.321 billion, $37,794( Per Capita) as per 2013 estimate Internet domain: .dk
International dialling code: +45

Denmark : History
The Danes, a homogeneous Gothic-Germanic people, have inhabited Denmark since prehistoric times. Danish is the principal language. English is a required school subject, and fluency is high. A small German-speaking minority lives in southern Jutland; a mostly Inuit population inhabits Greenland; and the Faroe Islands have a Nordic population with its own language. Education is compulsory from ages seven to 16 and is free through the university level. Although religious freedom is guaranteed, the state-supported Evangelical Lutheran Church has a membership of 80.7% of the population. Several other Christian denominations, as well as other major religions, find adherents in Denmark. Islam is now the second-largest religion in Denmark, with the number of Muslims in Denmark estimated at 3.6% of the population. During the Viking period (9th-11th centuries), Denmark was a great power based on the Jutland Peninsula, the Island of Zealand, and the southern part of what is now Sweden. In the early 11th century, King Canute united Denmark and England for almost 30 years. Viking raids brought Denmark into contact with Christianity, and in the 12th century, crown and church influence increased. By the late 13th century, royal power had waned, and the nobility forced the king to grant a charter, considered Denmark's first constitution. Although the struggle between crown and nobility continued into the 14th century, Queen Margrethe I succeeded in uniting Denmark, Norway, Sweden, Finland, the Faroe Islands, Iceland, and Greenland under the Danish crown. Sweden and Finland left the union in 1520; however, Norway remained until 1814. Iceland, in a "personal union" under the king of Denmark after 1918, became independent in 1944. The Reformation was introduced in Denmark in 1536. Denmark's provinces in today's southwestern Sweden were lost in 1658, and Norway was transferred from the Danish to the Swedish crown in 1814, following the defeat of Napoleon, with whom Denmark was allied. The Danish liberal movement gained momentum in the 1830s, and in 1849 Denmark became a constitutional monarchy. After the war with Prussia and Austria in 1864, Denmark was forced to cede Schleswig-Holstein to Prussia and adopt a policy of neutrality. Toward the end of the 19th century, Denmark inaugurated important social and labor market reforms, laying the basis for the present welfare state. Denmark remained neutral during World War I. Despite its declaration of neutrality at the beginning of World War II, it was invaded by the Germans in 1940 and occupied until...
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