Switzerland in 2004


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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:

Case Code : ECOA119 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

Themes

-
Case Length : 14 Pages
Period : 2004
Organization : -
Pub Date : 2004
Teaching Note : Not Available
Countries : Switzerland
Industry : -

Abstract:

One of the smallest and most prosperous nations in the world, Switzerland, symbolises: democracy; fairness; stability; quality; meticulousness; punctuality; thrift; efficiency; hospitality; openness; and political neutrality. The country is well known for its watches and chocolates. For a small, landlocked country of 7 million people with a difficult geography and no natural resources to speak of, the Swiss economy has done remarkably well for several decades. But since the early 1990s, Switzerland's income per head has been almost static. One reason is it's over dependence on exports. The country suffered badly in the early 2000s when the dotcom bubble burst, stock markets collapsed and other economies slowed down.

Switzerland has also seen a huge rise in public expenditure in recent years. Spending on health care and disability pensions have gone out of control. Also, with an ageing population, retirement pension is becoming a major concern. The unemployment rate has reached high levels by the country's standards and is showing no signs of coming down.

Contents:

  Page No.
Introduction 1
Profile 2
History 2
The Economy 3
Industry 4
Foreign Trade 6
Labor Markets 7
Social Policies 7
Politics and Government 8
Future Outlook 8
Exhibits 10

Keywords:

Switzerland, Swiss economy, OECD (Organisation of Economic Co-operation and Development), The oldest democracy, Swiss watches, Swiss chocolate, European Free Trade Agreement, European Economic Area, Swiss franc, GDP (gross domestic product), Swiss People's Party (SVP), Swiss Confederation, Swiss National Bank (SNB), Pascal Couchepin, UBS (Union Bank of Switzerland)

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