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dc.contributor.authorWeder, Beatriceen
dc.contributor.authorWeder, Rolfen
dc.date.accessioned2010-02-17-
dc.date.accessioned2011-04-26T07:40:20Z-
dc.date.available2011-04-26T07:40:20Z-
dc.date.issued2009-
dc.identifier.isbn978-92-9230-194-1en
dc.identifier.urihttp://hdl.handle.net/10419/45073-
dc.description.abstractThis 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 well as a high degree of competition were crucial for the development of the Swiss economy. In addition, the Swiss political system with its direct democratic elements and the implemented principle of subsidiarity created political contestability that maintained government efficiency and led to political stability throughout history. The combination of these elements seems to explain the Swiss success, but also to make it difficult for other countries to adopt.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2009/25en
dc.subject.jelF43en
dc.subject.jelN10en
dc.subject.jelO43en
dc.subject.jelO5en
dc.subject.ddc330en
dc.subject.keywordSwitzerlanden
dc.subject.keyworddevelopmenten
dc.subject.keywordgrowthen
dc.subject.keywordcompetitionen
dc.subject.keywordcontestabilityen
dc.subject.stwEntwicklungen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwPolitisches Systemen
dc.subject.stwGlobalisierungen
dc.subject.stwReichtumen
dc.subject.stwSchweizen
dc.titleSwitzerland's rise to a wealthy nation: Competition and contestability as key success factors-
dc.typeWorking Paperen
dc.identifier.ppn601812468en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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