They all have a very solid industrial base, like 30% to 50% of the economy, with ~50% of workers living abroad (not fully part of the welfare state). Comparatively high R&D. Low taxes.
And plain tax evasion is now illegal, but those countries are still an important stop to hide money elsewhere.
But the main secret sauce is a flexible fast legal system. Stability, low crime, and less gridlock in the legislature when the need for change is realized.
Yes and no.
They all have a very solid industrial base, like 30% to 50% of the economy, with ~50% of workers living abroad (not fully part of the welfare state). Comparatively high R&D. Low taxes.
And plain tax evasion is now illegal, but those countries are still an important stop to hide money elsewhere.
But the main secret sauce is a flexible fast legal system. Stability, low crime, and less gridlock in the legislature when the need for change is realized.