The success of a country is often measured by the strength of its military, territorial expansion or economic independence, but the small country of Europe, Liechtenstein, completely overturns this thinking. This country is not only prosperous despite its limited resources, but is also counted among the most stable and wealthy countries in the world. This is not a fictional story, but an amazing reality. A country that neither prints its own currency nor has any international airport, yet its per capita income is the highest in the world. The secret of Lichtenstein’s success was not that he created everything, but that he made the best of what he had.
Most countries carefully protect their currency, language and national airline, symbols of their sovereignty, but Liechtenstein took the opposite approach. It looked at its neighbor Switzerland and took a very practical decision: If something can be made better by borrowing, then why not?” Instead of creating its own currency, the country adopted the Swiss Franc, which gave it a strong and stable economic structure. With this step, Liechtenstein neither needed an expensive central bank nor had to bear the burden of currency management. Similarly, instead of building an airport it used the transportation networks of Switzerland and Austria, saving billions of dollars.
What is Liechtenstein’s real strength?
When Liechtenstein is called a rich country in Europe, the image of secret bank accounts often comes to people’s mind, but Liechtenstein’s real wealth lies in industry and innovation. This country is the world leader in precision engineering. Everything from micro drills used in dentistry to space technology and automobile parts are made here. The company Hilti, which originated here and is a global leader in construction equipment, is the biggest symbol of Liechtenstein’s industrial potential. There are so many companies here that there are more registered firms than the population. As a result, unemployment here is almost zero and the income of citizens is continuously increasing.
Debt-free country and crime-free society
Liechtenstein is not only economically prosperous but also socially stable. There is almost no debt in the country and the government here runs a revenue surplus budget. The most interesting fact is that there are hardly a few prisoners in the entire country. There is so much faith among the people that the citizens here do not close the doors of their houses at night. It is not just a symbol of wealth, but also the ultimate level of security and peace. While the rest of the world struggles with crime and insecurity, Liechtenstein has shown that true prosperity lies in living free from fear.
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