Tuesday, November 20, 2012

Trip to Bank of International Settlements, Basel Switzerland (19 November -23 November 2012)

Switzerland, a small but well known country in the heart of Europe

 

About two third of the area of Switzerland is covered with forests, lakes and mountains. Since Switzerland has no mineral resources, it must import, process and resell them as products. "Services" are the most important part of the economy. This includes banking, assurances and tourism. Farming is also an important part of the economy. But the production of the Swiss farmers does not fulfill the needs of all people, so Switzerland must rely on imported goods from other countries.