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Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking is

Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.

bitL 7y ago
I know about Basel and its pharma industry that is still top-notch, but as for banking they seem to go down rather quickly even if the effect is not going to be felt for the next decade outside negative interest rates. As for watches, I am not sure that is very relevant since smartphones, outside quickly converting expensive watches into cash while on the run from authorities...
- zepearl 7y ago
  > ...as for banking they seem to go down rather quickly... I do think that Switzerland might have a problem with banks soon or later, but currently I don't see such situation clearly developing (rather more in Germany with Commerzbank & Deutsche Bank?).
jacquesm 7y ago
And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.
- bitL 7y ago
  Just out of curiosity, which Swiss-grown high-tech is there? I know only of Sauber Group.
  - stabbles 7y ago
    Another example is ABB
  - tobltobs 7y ago
    There are lots, you just never hear of them, because those are "only" small to medium sized companies.
    - jacquesm 7y ago
      That's one, also the founders tend to be quite modest.
  - asmithmd1 7y ago
    Here is a swiss manufacturer. A run-of-the-mill company with $1/2 billion in annual sales in a high margin, high tech area. https://www.maxongroup.com/maxon/view/content/product-overview https://www.maxongroup.com/maxon/view/content/product-overvi...
  - zepearl 7y ago
    https://www.oerlikon.com/en/industries/aerospace-industry/ https://www.oerlikon.com/en/industries/aerospace-industry/ The medical-related area has probably others, but I personally have no clue about that.
  - gniv 7y ago
    I recently learned about SonarSource: https://en.wikipedia.org/wiki/SonarSource https://en.wikipedia.org/wiki/SonarSource

Switzerland has some of the largest corporations in the world in the pharmaceutical industry, and they're by far leaders in the watchmaking industry. Banking isn't the only business they rely on.

bitL 7y ago

I know about Basel and its pharma industry that is still top-notch, but as for banking they seem to go down rather quickly even if the effect is not going to be felt for the next decade outside negative interest rates. As for watches, I am not sure that is very relevant since smartphones, outside quickly converting expensive watches into cash while on the run from authorities...

zepearl 7y ago
> ...as for banking they seem to go down rather quickly... I do think that Switzerland might have a problem with banks soon or later, but currently I don't see such situation clearly developing (rather more in Germany with Commerzbank & Deutsche Bank?).

jacquesm 7y ago

And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.

bitL 7y ago
Just out of curiosity, which Swiss-grown high-tech is there? I know only of Sauber Group.
- stabbles 7y ago
  Another example is ABB
- tobltobs 7y ago
  There are lots, you just never hear of them, because those are "only" small to medium sized companies.
  - jacquesm 7y ago
    That's one, also the founders tend to be quite modest.
- asmithmd1 7y ago
  Here is a swiss manufacturer. A run-of-the-mill company with $1/2 billion in annual sales in a high margin, high tech area. https://www.maxongroup.com/maxon/view/content/product-overview https://www.maxongroup.com/maxon/view/content/product-overvi...
- zepearl 7y ago
  https://www.oerlikon.com/en/industries/aerospace-industry/ https://www.oerlikon.com/en/industries/aerospace-industry/ The medical-related area has probably others, but I personally have no clue about that.
- gniv 7y ago
  I recently learned about SonarSource: https://en.wikipedia.org/wiki/SonarSource https://en.wikipedia.org/wiki/SonarSource