" (DJS Research, 2011, P 1).
Despite the disadvantages identified in the secondary data, the author makes use of secondary research as a method of data collection. To collect data, the author employs several techniques. First, the research searches several electronic databases for secondary data. The paper searches the electronic database such as Emerald database, Sage database, Social Science Research journal database, and the database of science direct. The database contains several scholarly journals, and academic report. The major reason for collecting data from the electronic database is that the data are easily available, and the database contains several recent articles on economic development of EU members.
The paper also collects data from the EU digital library, and EuroStat website. The major benefit of collecting data from the EU digital library and EuroStat website is that they contain rich data on the economic development of the EU member. With data from these sources, it is easily to prepare economic analysis of Malta. Moreover, the low cost of collecting data from the database is one of the major reasons for using secondary research. The data passes through analysis to enhance the integrity and validity of the data collected,
2.6: Data Analysis
Data analysis is very important for the validity and reliability of the data. Data analysis is the process of cleaning, inspecting, transforming and modeling the data to transform it into the useful information. One of the methods used to analyze the data is by assessing the data if they are relevant to the research. Since the author uses several articles, report and academic journals to prepare this study, the author only handpicks the articles relevant to the study. Further analysis is that the experts in the field write all the articles reviewed. The articles not meeting these criteria are discarded. Analyzing the data helps in arriving at the research findings.
2.7: Results after analyzing the Data
Analyzing the data helps in arriving at the conclusion that Malta is the 57th freest economy in the world. Malta economy also ranks 25th out of 43 countries in the Europe region. In the EU zone, Malta scores 17th position with 83% GDP in PPP. With the Malta economic assessment, Malta is 17% below EU average. Overall economic assessment reveals that the Malta economic condition is conducive for investment. Although, the financial institution may be small, however, it is relatively strong because of its openness to competition. The country has joined the EU in 2004, and adopted the Euro on 1 January 2008. Since Malta has joined the EU, the country has recorded between 1% and 3.7% annual GDP grow rate. In 2008, the GDP growth rate of Malta was 2.6%. Although, Malta experienced negative grow rate in 2009, this was due to the global financial crisis that affected many European countries. Despite the financial crisis that affected Malta in 2009, the country recovered in 2010 with the 3.7% growth. In the first and second quarter of 2011, Malta has already scored 2.5% in the GDP grow rate. (Theodora, 2011). (The summary of Malta economic data is on Appendix 3).
There are investors that may be interested in the Malta business development, the next section presents the outline that will be used to report about Malta business development.
3: Outline of the Report
This section provides the outline that will be used to report to the investors about the Malta business development.
3.1:Introduction
Malta is small country that joined the EU in 2004. To improve the economic development, the country is largely depending on foreign trade. Since the country has joined the EU zone, it has demonstrated the healthy economic growth. Although, there was a decline in the economic development in 2009. However, the country recovered in 2010 with a positive grow rate.
3.1: Business Environment of Malta
Malta has demonstrated rapid increase in the GDP in the first and second quarter of 2011. Moreover, there is low inflation rate in the country. Inflation rate was 2% in 2010 and 3% in 2011 and there is low rate of employment in the country.
3.2: Recent Investment in Malta
In Malta, many companies have invested in the country. The service sector account for the 60.69% of the GDP, and other sector account 17.31% of the GDP. Many companies that have invested in Malta produce products such as food products, minerals, chemicals, machinery and other miscellaneous manufactured articles. In addition, several companies have produced semi-manufactured goods. Several banks and other financial institutions have also invested in the Malta. To encourage investment, the government has initiated several policies.
3.2: Malta Government Business Policies
To encourage investment in the country, government has formulated favorable economic and fiscal policies. The supervision and regulation of financial sector have become more transparent and are within the international norms. The Malta's...
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