Why is Switzerland's “small-state” economy stronger, than the economics of “big” countries?
A highly efficient economy, aimed at continuous innovative renewal, is in particularly intensive contact with Switzerland's political field. So how do specialties of the Swiss political system, and in particular federalism, push the economic development of the Confederation? The economy of such a small state as Switzerland needs favorable conditions to work out. It includes liberal economic legislation, as much as possible a moderate degree of government intervention in business, low taxes and a flexible system for their collection, well-developed infrastructure, as well as social and political stability. The Swiss economy initially developed in the face of a lack of natural resources. However, it was this adverse circumstance that became the factor that very early turned Switzerland into one of the most industrialized countries in the world. The lack of natural and other resources, human and intellectual have an ambiguous effect on the logic of economic behavior of economic e...