Study of the Efficiency of a Small Nation: Switzerland
The economic potential of various countries can best be compared in terms of their gross domestic products. This has been done in Table I, and the economic potential of Switzerland, so measured, is seen to be very small. If the gross domestic product of Switzerland is taken to equal 100, that of the United States is 4760, of the United Kingdom 950, of Germany 800, and of Belgium 155. Of the countries listed in the Table, only Austria — with an index of 75 — ranges below Switzerland. A number of different considerations suggest that Switzerland’s low economic potential should be reflected in a low level of productivity and welfare. The last two columns of the Table show the contrary.
KeywordsLabour Force Foreign Firm National Income Swiss Franc Export Industry
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- 1.Cf. also Hans Böhi, ‘Die Schweiz im weit- und binnenwirtschaftlichen Konjunkturverlauf Die Schweiz als Kleinstaat in der Weltwirtschaft, Schweizerisches Institut für Aussenwirtschafts- und Marktforschung an der Handelshochschule St. Gallen, 1945, p. 83.Google Scholar