Nestled between the Alps and the Jura mountains, Switzerland is a communications and transport centre between northern and southern Europe where European cultures overlap. It borders with three of the four largest European markets and economies and shares common languages with France, Germany and Italy.
In spite of the small size of its domestic market, the Swiss economy’s high degree of development exists thanks to its liberal economic system, its political stability and its close integration with the economies of other countries. Switzerland’s excellence in the pharmaceutical, financial and precision engineering sectors is world renowned.
When it comes to global competitiveness, Switzerland is ranked number one in the world in the Global Competitiveness Index 2011-2012 for the third year in a row1.
Switzerland performs strongly in all areas being in the top ten in all except Market Size and leads the world in the categories of:
• Labour market efficiency,
• Technological Readiness
Zurich and Geneva rank tenth and eleventh in the European Cities Monitor 20112 and are homes to the headquarters of several global organisations.
The most problematic factors for doing business in Switzerland 1 are considered to be:
• Inadequately Educated Workforce
• Inefficient government bureaucracy
• Restrictive labour regulations
1 Global Competitiveness Report 2010-2011 (World Economic Forum)
2 European Cities Monitor 2011 Cushman and Wakefield