After reviewing the country study that was presented to the CEO of Shell Oil, Shell Oil has decided to proceed with the recommendation to expand to Albania. With expectation, Shell Oil has to take into consideration the socio-culture to determine strategies that need to be in place. Shell Oil needs to take into consideration demographic trends to Informal trade barriers.
Demographic Trends:
According to worldometer.info, “The current population of Albania is 2,931,650 as of Monday, November 6, 2017, based on the latest United Nations estimates.”(worldometers.info) the population has been on the rise since 2015 and expected to rise by 0.14% in 2018. This is good news because with a higher growth rate Shell Oil will see an able workforce in the future.
The average age in Albanian is 32.9 years old, with average male age being 31.6 years old and the average female age being 34.3 years old. 18.5% of the population makes up the ages 0-14 years old, with 290,572 being male and 259,544 being female. 17.47% of the population is make up the ages 15-24, with 275,969 being make and 256,416 being female. 41.0% of the population is makes up the ages 25-54, with 597,421 being male and 653,965 being female. 11.54% makes up the ages 55-64, with 173,105 being male and 178,575 being female. Finally, 11.89% of the population makes up the 65+ with 169,861 being male and 192,739 being female. Shell oil should take the 15-24 year old bracket in the favor. With almost had the population being in
All of this figures have resulted into us having set the median age at 32 years old .
CONSTRUCTED RESPONSE 1. Imagine being the only child and having to have all the responsibilities of an adult. You have no help,no siblings and no one to take the attention and pressure off of you in your family. The worst thing is that it has to be that way and you can do anything about it. That is because of the policy that the government decided on called the one-child policy.
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