Finland economy has gone its way from an agricultural country to industrial one. The leading industries here are engineering, timber, manufacturing, and technology.
Nowadays, the country doesn’t have to import main resources, as it happened before.
Agriculture remained the major part of Finland economy up to 1930. As the result of Great Depression in 1991 the unemployment level increased. The increase of unemployment level and the GDP fall to 13 per cent were determined by the Great Depression of 1991.

In 1995 Finland entered the European Union. Thanks to this fact, the country’s economy grew in comparison with other OESD countries. The year of 1994 became the period when unemployment level reduced a lot.

In 2006-2007 Finland had the following indicators: unemployment rate was 6.9 per cent and GDP-3.7 percent. The inflation rate in Finland was lower than average among OESD countries.
Finland economy has risen the part of corporate investments from 57 per cent in 1991 to 69 per cent in 2004. It happened thanks to such branches of industry as electronics and electro-technics.
The biggest part of country’s income comes from export of services and goods. In fact, it constitutes 38 per cent of Finland GDP. Among the exported goods one can mention fabric, steel, iron, chemicals, grains, and textiles.

Finland has developed trade relations with many countries, both European and American: Germany, USA, Denmark and Sweden. Euro was adopted in the country in 1999, but in actual usage it came in 2002.this was the exact year when it became a national currency. The global financial crisis has reached Finland, too. Here we can speak about obvious effects on the financial sector, export market and job market.

There we could see the total growth of 7.5 per cent; 0.7 per cent decrease in domestic exports and 3.7 per cent increase in re-exports.

Tourism sector, being the most prominent source of income for Fiji, has suffered a certain recession. After that new rules on tax payments were introduced by the government. Hotel owners were liberated from taxes and certain system of bonuses was established. The total aim of all these measures was to stimulate the growth of investment in tourism business. Thanks to it, this part of country’s wealth has survived.

Also government offered certain tax reliefs for manufacturers. This part of economy is presented by garments and footwear industries, and building materials production (concrete, cement). All these goods are used for export mainly. The group of goods that are oriented on domestic consumption, includes furniture, food and alcoholic drinks, household goods.

Fijian economy is based on private enterprises, while there are several government-ruled services (e.g. National airline Air Pacific, and Fiji Sugar Corporation Ltd.). Fijian government undertook several measures to improve the situation. The major task here concerns taxes. The government wanted the country’s resources to be widely used in producing domestic goods and be oriented on export as well.

Inflation went to the mark of 2.8 per cent. This rate is lower than the previous one. As the result of inflation, consumer prices have risen. It touched upon food, alcoholic drinks, tobacco, and transport. The total sum of credit and money growth raised in recent years. Broad money constitute the growth of 25.2 per cent and credits for private sector increased by 16.8 percent.
Fijian economy is now developing and has all possibilities for prosperity in future.

1 Flexibility of EU economy
In spite of the fall in growth from 2.8per cent in 2007 to 2.0 percent in 2008, here we can speak about relative flexibility. It happens thanks to continuous rising of commodity prices, and the strong basis of EU economy.

2 The growth of inflation in 2008
Fast increases in food, fuel, energy are the reasons for the rise of inflation. The forecast is the following: it changes from 2.4 percent in 2007 to 3.6 per cent in 2008.

3 Labor market situation
Labor market is a central part of EU economy. There specialists speak about a certain shift in Labor Employment graph. According to statistics, more than 7 million new jobs were created in 2006-2007. Thanks to it the unemployment rate should lower to 6.8 per cent.

4 Risks prevailing in EU economy
These risks were characterized by certain balanced state in EU economy. The only risk that can EU economy seriously depends on is the chaos in the financial markets.

In the year of 2007 Europe showed certain success in economy. It was opposed to US mortgage loan crisis, global slowdown of growth rate and inflationary pressures all over the world.
European economy was well appreciated by International Monetary Fund and Organization for Economic Cooperation and Development. It happened due to the fact that there was global economic instability all over the countries in 2007.

But later the situation has changed. Some European countries have suffered from certain financial problems. These countries were Italy, Spain and UK.

Denmark declared officially recession. Ireland shortened its growth expectations up to almost zero. Spain suffered from absence of any growth. And later UK also entered into recession.
German economy, which is considered Europe’s biggest one, also has come through some difficulties. Market analysts discuss whether increasing cost and strong Euro can save the situation.

Banks in Europe have shortened loans processes both for companies and for individuals.
Unruly oil prices and raw material prices led Europe to 4 per cent inflation rate in June 2008. Here Britain, Spain and Ireland took the leading positions in declining of consumer spending.
Nevertheless, certain growth in job direction was reached. It concerned jobs connected with health care, tourism, hospitality services.

Opposing to them was the lowering amount of jobs connected with banking sector.

Economic reforms in Estonia looked like those taken in other central and Eastern European countries. These countries’ economies are also called “transition economies”.
But not the whole amount of the country’s enterprises has suffered from enormous economic reforms. As for the reforms, they started in 1991-1992 in Estonia. First of all they concerned monetary ones. They began in 1992 and Estonian national currency was introduced. There are three main reasons for the economic reforms. They are extirpating inflation and its results, ascertaining balance exchange rate that is considered to be the base of demand and supply, and wining the global cash crisis.

The next thing to do was to establish macroeconomic situation in the country. It was reached thanks to providing reforms from the top to the lower level.This step in reforms should give the people new opportunities, new expectations and new predictions. And, of course, several law regulations should be taken to provide radical economic changes in the country. Some economists told that a free-market economy could help to enlarge wealth, but it wasn’t so simple in real life.

Nevertheless, the regulation of law was obvious if the country wanted to achieve positive changes in economy. Estonian economy has changed since the years when it was a communist country. Estonia showed real fast economic growth in Europe. Economic growth has changed its rates from 11 to 12 per cent. Thanks to it, Estonian economy has reached the average standard of living in Europe which was beyond all expectations. Here we can speak about certain diminution in inequality and poverty. United Nations human Development Index considers Estonia the country which has turned from not-so-developed country into a developed one.

When we do observe the main features of Equatorial Guinea economy we notice that there are great resources of petroleum, natural gas, uranium and timber in the country. Agriculture was 2.8% of the GDP whereas industry took 92.6%. The rest 4.5% was for services sector. Coffee, rice, livestock, manioc are the most well-known agricultural products in Equatorial Guinea. Here we do mention US, Norway, Spain, China, United Kingdom and Canada as major trading partners of Equatorial Guinea.

The economy of the country in 2007 experienced $10.03 billion of total exports. Just to compare, imported goods were $3.219 billion in the same period. Moreover, it should be mentioned that exports of gas and oil have risen during this period and this naturally caused certain changes in the whole economy. A high tech LNG was installed and that influenced energy sector. In addition to this, Equatorial Guinea is for open investment framework. And it should be also mentioned that the country depends on foreign investments greatly.

Being an impoverished nation, Equatorial Guinea though experiences certain problems, such as corruption, limited size of the domestic market, lack of proper policy implementation. 81% of Government revenues are gathered from oil related activities. There is also a project aimed at Equatorial Guinea’s modernization.

Egypt economy experienced the backdrop during 1950s and 1960s years.

In the year of 2003 though Egypt calculated 67.6 million people; with the annual average growth rate 1.9%. In the year 1999 – 2000, 16.7% was the indicator of the national population below poverty. The male and female labor force were 16,664 and 4,894 thousands people.

As for the urban and rural population that is below poverty line, it was amounted to 23.3% and 22.5%. The child mortality rate is changing, moreover it is lessening, especially if compare such years with figures as 2002 (31.4), 2003 (30.2) and 2004 (28.6)

The GDP touched $82,427 million. A real GDP growth rate of Egyptian economy was 4.1% in 2004. Anyway, the years of 2001 and 2003 have the evidence of lower growth.

Coffee is the main El Salvador export. Industrial sector finds its expression in the domestic and the Central American markets. Anyway, we still do outline a low level of indebtedness.

El Salvador adopted dollar as its national currency only in 2001. Corn is the country’s prime subsistence crop. Rice, beans, oilseeds are also among agricultural produce. Petroleum, light metals, chemicals, furniture are said to be leading manufacturing industries. Among the country’s leading imports we observe electricity, raw materials, consumer goods and fuel. Here we do mention the names of the United States as a leading partner of El Salvador.

While analyzing the economy of El Salvador in 2008 we notice the movement of consumer price index. Inflation stood at 6.8% in April of 2008. Transport prices have risen considerably because of oil prices. Specialists predict that higher industrial prices will lead to the rising of consumer prices. In order to perform containment of inflation the country has to stabilize oil prices.

The total surface of Ecuador comes up to 283.6 thousand square kilometers and 118.4 thousand square kilometers of a forest area.

When analyzing social indicators we calculate 13.0 million people and define 1.4 % for a growth rate. 74.5 years is the existing life expectancy in this country.

The Gross National Income, Atlas method touched $28.9 billion in 2004. The GDP of Ecuador performed $30.3 billion with a growth an average growth 6.9%.

There were some economic reforms that affected the development of the country’s economy to a certain extent. These reforms took place on 1991 – 1992. For instance, the national currency of Estonia was established in 1992 through monetary reforms. All in all, the government was trying to eradicate inflation and win the global cash crisis.

Moreover, due to the reforms, macroeconomic stabilization was performed. According to this, reforms were implemented from the top level to lower level. That gave Estonia new expectations and hopes. Though, the government understood that strict regulation of law was needed.

Private ownership was said to one of the main economic transitions. The goal was to build the economy with well-established property rights and privatization of public enterprise in order to make the market work in a proper way.

As a result, during the recent years, Estonia showed significant economic growth expressed in the rise from 11% to 12%. Poverty and inequality have decreased and Estonia is characterized as one of developed countries.