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Continue ReadingWhy Switzerland has a nickname of innovation / by investment man.
If you ask which country is the nickname of innovation
′′ Switzerland ′′ is also one name that gets that nickname.
Why are countries with less population than people in Bangkok?
And there are 13 times smaller than Thailand's nickname is the country of innovation.
Invest man will tell you about it.
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World economy 1,000 years. 6th typing.
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Switzerland is located in the Western European Continent.
It's a small country of only 41,285 square kilometers.
Which area size is 13 times smaller than Thailand.
And there is no way out to sea.
Switzerland has a population of just 8.6 million, less than the estimated number of people in Bangkok, around 10 million.
But in 2019, Switzerland had GDP reaching 24 trillion baht, the world's 20th largest.
And the average income per Swiss capita is 2.7 million baht per year.
Make here the world's 2th highest average income country
Why a small country without sea exit
Population is less than the number of people in Bangkok.
And not having as many natural resources as other countries.
To have this big economic size
The answer to this story is ′′ Innovation
Do you know that the budget for research and development of Switzerland's research and development in 2020 is worth 720,000 million baht, 3 % of GDP.
Which is considered a country with budget proportion to the world's top GDP.
By investing in this aspect, it's to develop and build new knowledge.
That will lead to innovation in future.
Which helps the country have inventions, works or services.
That can meet the needs of human beings who are changing along time.
In the past, Switzerland is one country that succeeded in developing and innovating that Switzerland can rank 1 in the field of innovation from World Economic Forum's rankings for 10 consecutive years.
And this story becomes one of the key factors.
That attracts multinational companies to do business in Switzerland.
For example,
Nestlé Global Food Product Leadership Company
Year 2019 earn 3.2 trillion baht, profit 431,000 million baht.
Currently, the company's value is around 10.7 trillion baht.
Novartis company manufacturing and distribution of world's major medicine and medicine.
Year 2019 earn 1.5 trillion baht, profit 368,000 million baht.
Currently, the company's value is around 6.4 trillion baht.
ABB, Electrical Systems Engineering and World's Big Automation Technology Company.
Year 2019 earn 879,000 million baht, profit 45,000 million baht.
Currently, the company's value is around 1.7 trillion baht.
In 2019, the chemical machining industry, electronic products, the industrial group that creates export income to Switzerland over 3.7 trillion baht or almost 40 % of the country's exports.
What we can notice from this number is
Switzerland's multi-income industry is using a lot of innovation.
It's reflecting that Switzerland budgets put into research and developments make good returns for the country.
Although in the past, Switzerland has a major obstacle, there is no space to go to the sea to make a trade through the navy.
But we can see that Switzerland shuts down this weakness by innovating to develop countries and successfully stepping up to become one of the top countries of the world.
This story is another great example to see that
The country's research and development budget is important.
And a huge priority at this point
It's fine to make Switzerland become a country that is called ′′ Innovative Country..
╔═══════════╗
If you want to know the possibilities of the world economy, you must understand the
World economy 1,000 years. 6th typing.
You can order at (get 10 % discount from the cover price of 350 baht)
Lazada: https://www.lazada.co.th/products/1000-i714570154-s1368712682.html
Shopee: https://shopee.co.th/product/116732911/6716121161
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References
-https://en.wikipedia.org/wiki/Switzerland
-https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
-https://www.statista.com/statistics/732269/worldwide-research-and-development-share-of-gdp-top-countries/
-https://en.wikipedia.org/wiki/ABB_Group
-https://en.wikipedia.org/wiki/Novartis
-https://finance.yahoo.com
-http://www.worldstopexports.com/switzerlands-top-10-exports/
-https://en.wikipedia.org/wiki/Nestl%C3%A9
-https://www.loveinc.com/gallerylist/73262/10-countries-that-used-to-be-poor-but-are-now-richTranslated
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