“One of the countries in the world least endowed with physical resources has undoubtedly become the most prosperous economy in the world, as well as a nation with religions and pervasive linguistic divisions. who enjoys deep social tranquility. (Fossedal, 2002) Switzerland, despite being only the size of Vermont and New Hampshire combined and having a desolate amount of natural resources, is one of the richest countries in the world . Indeed, Switzerland has much more than military knives and chocolate; it boasts a GDP per capita of $42,600, among the highest in the world. (Central Intelligence Agency, 2011) Its market economy boasts low unemployment, a highly skilled workforce, high wages, and an extremely profitable export market. Switzerland's long history of political stability, neutrality in world affairs, and a system of direct democracy has created the backbone of what National Geographic calls "the Swiss phenomenon." The Swiss economy is based on a highly skilled workforce and a strong services sector. The Swiss manufacturing industry specializes in technological innovation and knowledge-based production. Its financial center is an economic wonder of the world and is highly respected for its history of secrecy. Due to its small domestic market, Switzerland relies heavily on exports for the success of its economy and the country is competitive in foreign trade. In 2008, Switzerland experienced an economic crisis, but recovered and can once again boast a strong and stable economy. The Swiss economy has many important features that are important for other countries to note, as the Swiss economy climbs the rungs of the economic ladder. The roots of modern Switzerland began in 1291 with the Swiss...... middle of paper ... ...enz. (2009). Swiss economic overview. Retrieved December 11, 2011 from Swiss Property Trenz: http://www.swisspropertytrenz.co.ukSwitzerland Consulting SA. (2008). Frequently asked questions -- Swiss Bank. Accessed on December 11, 2011 from Switzerland Consulting SA: http://www.swconsult.chFederal authorities of the Swiss Confederation. (2011). Political organization of Switzerland. Accessed on November 9, 2011 from the federal authorities of the Swiss Confederation: http://www.admin.chU.S. Department of State. (2011, 07 01). Information note: Switzerland. Retrieved December 11, 2011 from the US Department of State: http://www.state.govWorld Economic Forum. (2010). Global Competitiveness Report. World Economic Forum.World Economic Forum. (2011). The Global Competitiveness Report 2011-2012. Retrieved December 11, 2011 from the World Economic Forum: http://www.weforum.org