International Profile Archives
Many site selectors are surprised to learn the country is an economic leader in Asia and a top-shelf business destination. From the May/June 2013 issue.
The Latin American leader leans on its reliable workforce, countless industrial parks and a robust network of trade agreements to grow its economy in 2013. From the January/February 2013 issue.
Amistad Industrial Developers has played a central role in bringing to fruition projects that have created 15 million square feet of industrial space for more than 100 global players. From the July/August issue
Spillover effects are traveling back and forth between emerging and advanced economies. From the May/June 2012 issue.
Research and innovation are key drivers in modern industry. Luxembourg has unveiled new initiatives that are attracting investors and creating a dynamic environment for existing industries to grow. Luxembourg, officially called the Grand Duchy of Luxembourg, is located in one of the most dynamic regions of the EU at the heart of northwestern Europe where France, Germany and Belgium meet. Luxembourg is unique in that it is the world’s only remaining sovereign Grand Duchy—a territory whose head of state is a monarch. These and other factors have contributed to Luxembourg’s strong political, economic and social stability. In addition, its multiculturalism and multilingualism, with English, French and German being widely spoken, make Luxembourg a very attractive location for investors. In fact, the Grand Duchy’s international community has grown so much that it now represents about 42 percent of the population. In addition, around 150,000 non-residents commute to Luxembourg to work each day, representing about 44 percent of the total workforce. Over the years, Luxembourg has risen out of the shadows of its bordering countries to emerge as a strong player in the global marketplace. According to the Institute FERI, Luxembourg ranks number 1 in a survey analyzing European cities and ranking them according to their economic performance, the purchasing power of its citizens, the unemployment rate and its population until 2015. About half a million inhabitants live in Luxembourg (an area of land about the size of Rhode Island) and enjoy the highest GDP per capita in the world. Luxembourg is a gateway to the European market, giving companies access to some 500 million consumers. However, according to Francois Knaff, executive director of Luxembourg’s Office of Economic Development in New York, Luxembourg offers some unique advantages. “Luxembourg offers not only a central access, but unlike some other surrounding countries, we also offer the advantage of political, economic and social stability, as well as a strong fiscal environment with competitive salaries and lower tax rates and social taxes.” Luxembourg has risen to become one of the top locations for leading-edge communications infrastructure and is home to a host of Internet firms including Amazon, Apple, eBay and Skype. In March 2010, Luxembourg ranked second worldwide in mobile, fixed, and Internet connectivity, and has Europe’s lowest ICT costs, according to a new International Telecommunication Union survey of 159 nations. Luxembourg’s logistics sector is also ahead of the curve, rating above other European countries the UK, Switzerland, Belgium, Ireland, and France. In January 2010, it ranked fifth in the world in ease of importing and… …Read More…
Luster, muster and clusters—the State of Bavaria has it all. A magical capital, an indefatigable work ethic and a sound economic development model ensure this German giant’s overwhelming success.
Luxembourg is at Western Europe’s geographic core and has long been a major player in the surrounding market.
Policy reforms, economic shifts and offshoring are boosting emerging Far East economies.
Its domestic economy may be limited, but Austria pulsates at the heart of the European Union and excels at exporting its diverse products to the United States.
World-famous for its expertise in automotive manufacturing and brewing beer, modern Germany also has established itself as a media magnet, an IT hub, and a finance center.