Switzerland adopted a federal constitution in 1848, amending it extensively in 1874 and establishing federal responsibility for defense, trade, and legal matters.
Switzerland is a prosperous and stable modern market economy with a per capita GDP higher than that of the big western European economies.
Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy (see Swiss bank account) and has kept up the franc's long-term external value.
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