Commentary: The world’s strongest currency is also super-competitive
For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation – for example through practical university education and research and development – and for its returns on these investments. It generates more than US$100 in GDP per hour worked – that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has...