Why Switzerland's Is So Rich
Switzerland is a mountainous Central European country, home to numerous lakes, villages, and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge. The country is also known for its ski resorts and hiking trails. Banking and finance are key industries, and Swiss watches and chocolate are world-renowned. But how is Switzerland so rich and expensive? It all begins before the start of the world wars. Switzerland preferred to remain neutral and that had a huge impact on its economy and politics. When the war ended, while the whole of Europe was in ruins, Switzerland was hardly touched. The two world wars of the 20th century showed that Switzerland is capable of retaining its neutrality while keeping all its industries and financial sector intact . That made the country been seen by the world's rich as a safe place to keep their money. Indeed, much of the post-war ...