Switzerland vs. Mexico
My research paper will individually concentrate on Switzerland and Mexico in its history, competitive advantage, export, trading, and globalization. I will then compare and contrast both countries by their competitive advantage in the market, government intervention, trading, export, and globalization.
The Switzerland economy is founded on an exceedingly competent labor force and skilled work. The principal areas consist of micro technology, hi-tech, biotechnology, and pharmaceuticals, also, includes banking and insurance knowledge. Switzerland was not the success story that it is today; in the late nineteenth century Switzerland was a poor ...view middle of the document...
Switzerland is also an economy that incessantly improved itself to sustain a growing standard of living.
Switzerland’s competitive advantage includes a remarkably assorted set of industries for a small nation; nonetheless, neither is dependent on natural resources. In Switzerland, and as in all nations, industries with high export share that indicates the existence of competitive advantage account for the major part of export trade.
It has been known that Swiss companies are exceedingly competitive in world market. In some branches, more than ninety percent of goods and services are exported. The best-known and popular items that are exported by Switzerland are watches, chocolate, and cheese. Mechanical, electrical engineering, and chemical all account for more than half of Switzerland’s export revenue (Swissworld.org).
In export trading Switzerland is the top purveyor including loom, blanking tools for metal working, elevators and escalators, paper and printing machines, packaging equipment and rack and pinion railways. Switzerland also provides export of businesses such as consultancy, insurance and tourism. Exports of goods and services in Swiss have a profit value of twenty five thousand francs that is equal to sixteen thousand dollars per head per year this is in accordance to OSEC business network. OSEC endorses Switzerland foreign trade.
Amongst its many partners, Switzerland leading trading partners are European Union members its predominant partner is Germany. Statistic shows that in 2010 following Germany in a downward sequence was Italy, France, the Netherlands, the United States, and the United Kingdom. In 2009 fifty nine percent of exports went to EU nations, and the remaining seventy eight percent came from EU states (Swissworld.org).
Location has always been a strong positive advantage for as they are centrally located on major European trading routes resulting in Switzerland becoming a trading commercial, and financial center early on. This advantage plus the early Swiss position in textiles gave Switzerland a strong position in trading that to this day still remains strong and intact.
Banking and insurance also benefited from Switzerland location and position in trading. Switzerland’s location together with an attitude of political objectivity, also allowed its firms to maintain commercial contacts with each of the major European power center, which include France, Germany, and Great Britain yielding in numerous benefits for Switzerland.
Switzerland has a highly educated and skilled pool of human resources who have a positive attitude toward work and absenteeism is extremely low. Swiss speaks multiple languages such as German, French, Italian and English, English being spoken with relative fluency. The Swiss are accustomed to a society of multiple cultures Swiss employees and managers can work effectively inside and outside of Switzerland with people of many nationalities.
The ability of the Swiss being...