Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, Check users, delete, edit, move, oversight, protect, rollback, Administrators
51,035
edits
Changes
Jump to navigation
Jump to search
Line 162:
Line 162: + +
→Economy
Switzerland was ranked as the most competitive economy in the World Economic Forum’s 2006 Global Competitiveness Report for the first time, reflecting the country’s sound institutional environment, excellent infrastructure, efficient markets, competent macroeconomic management, world-class educational attainment, and high levels of technological innovation, which boost Switzerland's competitiveness in the global economy. The country has a well-developed infrastructure for scientific research, companies spend generously on research and development, and intellectual property protection is strong. Business activity benefits from a well-developed institutional framework, characterized by the rule of law, an efficient judicial system, and high levels of transparency and accountability within public institutions. Higher education and training are rapidly growing in importance as engines of productivity growth.
Switzerland was ranked as the most competitive economy in the World Economic Forum’s 2006 Global Competitiveness Report for the first time, reflecting the country’s sound institutional environment, excellent infrastructure, efficient markets, competent macroeconomic management, world-class educational attainment, and high levels of technological innovation, which boost Switzerland's competitiveness in the global economy. The country has a well-developed infrastructure for scientific research, companies spend generously on research and development, and intellectual property protection is strong. Business activity benefits from a well-developed institutional framework, characterized by the rule of law, an efficient judicial system, and high levels of transparency and accountability within public institutions. Higher education and training are rapidly growing in importance as engines of productivity growth.
While Switzerland is famous for its banking secrecy, the level of secrecy has significantly declined, and it has ended in several areas, because of international pressure.<ref>Shields, Michael (October 5, 2018). [https://www.reuters.com/article/us-swiss-secrecy/era-of-bank-secrecy-ends-as-swiss-start-sharing-account-data-idUSKCN1MF13O Era of bank secrecy ends as Swiss start sharing account data]. ''Reuters''. Retrieved October 5, 2018.</ref>
===Global Economic Crisis===
===Global Economic Crisis===