the Swiss are a little bit different though, other wealthy nations like Norway were typically blessed by a treasure trove of natural resources Switzerland did not have this. It was also lacking a lot of other key ingredients that contribute heavily to most successful countries, it did not have open access to an ocean for international trade, it did not have a particularly competitive cheap labor market, it did not have terrain that made building productive infrastructure particularly easy and it didn’t even have a population that could agree on what language to speak.
So what was its secret then, how did this nation obtain such tremendous wealth while seemingly been at such a huge disadvantage. In this video, we will attempt to find out by looking beyond just the simple facts and figures that make for strong economies.
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Katzenstein, P.J., 1980. Capitalism in one country? Switzerland in the international economy. International Organization
Rudolf, B. and Zurlinden, M., 2014. A compact open economy DSGE model for Switzerland. Swiss National Bank Economic Studies
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