Corpus ID: 15554306

Switzerland's rise to a wealthy nation: Competition and contestability as key success factors

  title={Switzerland's rise to a wealthy nation: Competition and contestability as key success factors},
  author={Beatrice Weder and Rolf Weder},
This paper argues that economic competition and political contestability are two key determinants of the successful development of the Swiss economy in the nineteenth and twentieth century. We describe how Switzerland evolved from a relatively poor country with no natural resources and net emigration in 1800 to one of the richest countries of the world two hundred years later. Based on quantitative and qualitative evidence, we argue that early internationalization, open and flexible markets as… Expand

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