Switzerland after the WW2

Switzerland is one of the richest countries in the world by GDP per capita, and it has the highest
wealth per adult (in terms of financial and non-financial assets) of all countries of the world.
The economy of Switzerland is considered to be one of the most stable in the world, due to the
successful policy in the field of currency security, this being doubled by the secret of the
financial operations carried out by the Swiss banks, transforming the country into a fiscal
paradise. This economic system is based on the external inflow of investments, thus the fine and
precision industry, respectively the trade and the finances are essential for maintaining the
macroeconomic stability of the country.
As a neutral state, Switzerland dissolved its political parties of extreme right and left and did not
actively participate in World War II, although it was forced to maintain trade relations with the
Axis powers. Production capacity remained largely intact. This facilitated the rapid economic
development of the country after the war. The services sector plays an increasingly important
role, its main business sectors being banks and insurance, but also tourism. Switzerland has
maintained a strict neutrality, remaining outside the ONU (until 2002) and the Organization of
the Treaty of Swiss Secret Accounts, has met criticism at the end of the war. The Nazis had
moved much of the stolen securities to Switzerland while they were in power, and the Swiss
banks had enough profits from their crimes.
In 1946, the remaining German goods were transferred to the Allies for compensation. Following
the treaties with Poland and Hungary in 1949, the goods returned to the heirs of the victims in
these countries. In 1962, a law was passed to force banks to provide information on the
remaining assets of the people persecuted by the Nazi regime and to return them. In 1965,
Switzerland was again accused of profiting from the smuggling of stolen goods. In response, the
Swiss government set up an international commission of experts to investigate the case, but the
foreign pressure was so high that payments were made before the investigation was completed.
Despite this process, the banks' compromising attitude has somewhat damaged Switzerland's
reputation. Switzerland's refugee policy during the war was also critical. Nearly 25,000 Jews
returned from the Swiss border in Germany.
Nowadays the economy of Switzerland is one of the world's most advanced free market
economies.