Switzerland has an open and developed economy placed plum in the middle of the European continent. Lacking natural resources, the economy depends on its trade, whic
h contributes to around 50% of its $367 billion economy. Generally diversified, the notable strength of the Swiss economy lies in four sectors – pharmaceuticals, machinery, watches & precision in instruments and financial services. Other sectors like agriculture and cartelised construction are still heavily government controlled and have not yet been opened up. Having faced the same fate as its other European counterparts, Switzerland too, showed slow growth for almost a decade; even in 2005, their GDP grew by a meager 1.7%.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
h contributes to around 50% of its $367 billion economy. Generally diversified, the notable strength of the Swiss economy lies in four sectors – pharmaceuticals, machinery, watches & precision in instruments and financial services. Other sectors like agriculture and cartelised construction are still heavily government controlled and have not yet been opened up. Having faced the same fate as its other European counterparts, Switzerland too, showed slow growth for almost a decade; even in 2005, their GDP grew by a meager 1.7%.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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