Economic Research Paper Example | Topics and Well Written Essays - 750 words

Economic - Research Paper Example Australia remains one of the two countries found in the Asian region with the AAA credit rating. The country’s foreign as well as local currency ratings have remained stable for a long time and this has played a huge role in its AAA rating. It has a very resilient economy and a high government financial capability and strength. These two factors give the country’s economy a low susceptibility to risks and volatility (Pettinger par 7). Based on the nation’s size, diversification, and performance, it has been classified as a country with a strong economy. It does not have significant natural resources but this has been compensated by the well-developed manufacturing and service sector. Australia’s economy has a very favorable long term growth prospects and the diversified economy has helped in reducing the levels of event risks. Denmark is also given AAA credit ratings. The country’s economy is said to be among the most stable in the world. It has a mixed economy that relies on both the available natural resources and the well-developed manufacturing and service sector. Its pharmaceutical industry plays a very huge role in ensuring that the economy grows and remains stable. The maritime industry is also well developed. The third country is Canada. Canada’s ranking has been heavily linked to the trade that takes place between the country and the United States of America. According to Monaghan, more than half of Canada’s exports end up in the United States (par5). It has a well-developed automotive and Service sectors with its banks being ranked amongst the most profitable and stable in the whole world. The coming up of technology firms in various cities has also boosted the economy. Germany has been able to maintain its AAA credit ratings for some times now. Despite the effect of the Euro crisis which almost challenged its rating, the economy remains stable with a high government financial strength. It has a well-built automotive