In this video we uncover the entire history of Switzerland including wars, their economy and more. Switzerland is a unique country unlike any other, and in this video we uncover how Switzerland became one of the richest countries in the world and most prosperous economies. The Swiss achieved this through taking a gamble and choosing to focus on neutrality and trust to attract the wealthy to store their assets in Swiss banks. With limited natural resources, Switzerland has used its innovativeness, neutrality, and trust to rise into one of Europe’s most wealthy nations.
#switzerland #economics
Background Music By: Kevin MacLeod
https://youtube.com/@incompetech_kmac?si=C367YMN-EYhlAuTa
And Background Music also by: Adrian von Ziegler
Banking has continued to be a dominant industry in Switzerland with total banking assets amounting to 467% of Switzerland’s total gross domestic product. Swiss banks currently manage 2.4 trillion dollars’ worth of assets, more than any other country in the world with most of the wealth originating from France, Germany, and Saudi Arabia.
There is trust in Swiss banks that cannot be matched by other banks in the US or other parts of the world. This is why billionaires choose to bank in Switzerland even when Swiss banks have negative interest rates where you have to pay interest on your money to keep it stored in a Swiss bank account.
Alongside banking, the Switzerland economy has a long tradition in high-quality specialized manufacturing in things like watches, optics, chemicals, and pharmaceuticals. In modern days, Switzerland has one of the highest qualities of living, a low crime rate, low unemployment and attracts over 4 million tourists each year with its natural beauty.
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