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When ranked by score, Switzerland ranked 6th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [5] For comparison with worldwide scores, the best score was 90 (ranked 1), the average score was 43, and the worst score was 11 (ranked 180). [ 6 ]
[5] After listing the 23 criticisms, Chang concludes in a section called "How to rebuild the world economy". He advocates a system of capitalism in which the government has a higher degree of control over the economy [ 6 ] and wariness towards the neo-liberal version of capitalism with minimal government involvement which he argues caused the ...
During the First World War, Switzerland sustained its policy of neutrality despite sharing land borders with two of the Central Powers (Germany and Austria-Hungary) and two of the Allied Powers (France and Italy). The German-speaking majority in Switzerland generally favoured the Central Powers whilst the French-speaking and Italian-speaking ...
As a result, Third World citizens carried much of the costs and few of the benefits of IMF loans, and a moral hazard ensued among the financial community: foreign creditors made bad loans, knowing that if the debtors defaulted, the IMF would pick up the tab (see Long Term Capital Management, whose overexposure in Southeast Asia might have ...
The Swiss Federal Constitution of 1999 has a chapter entitled "Fundamental Rights, Civil Rights and Social Goals". Human rights are largely respected in Switzerland, one of Europe's oldest democracies. Switzerland is often at or near the top in international rankings of civil liberties and political rights observance. [1]
The industrial sector began to grow in the 19th century with a laissez-faire industrial/trade policy, Switzerland's emergence as one of the most prosperous nations in Europe, sometimes termed the "Swiss miracle", was a development of the mid 19th to early 20th centuries, among other things tied to the role of Switzerland during the World Wars. [10]
The First Geneva Convention (1864). Geneva is the city that hosts the highest number of international organisations in the world. [1]Article 54 of the Swiss Constitution of 1999 declares the safeguarding of Switzerland's independence and welfare as the principal objective of Swiss foreign policy.
The CIA World Factbook estimates Switzerland's 2011 exports at $308.3 billion and the 2010 exports at $258.5 billion. Imports are estimated to be $299.6 billion in 2011 and $246.2 billion in 2010. According to the World Factbook numbers, Switzerland is the 20th largest exporter and the 18th largest importer. [48]