Why Luxembourg is a rich country
Today I will introduce you to a very rich country. Many billionaires from other parts of the world prefer to live in this country. There are only two prisons, all public transport will be free of charge from 2020, this country is in the top ranking of the richest countries in the world, there are the highest salaries, the place of the capital was almost a village, and then for some 20 years, the country has become one of the financial centers of the planet, it is here that the world's largest jurisdiction of investment funds: The total value of their net assets is more than 4 trillion euros, it is very comfortable and safe to live here, the salary of teachers is the highest in the world - 5000 euros per month, and in general, the workers in this country should receive at least 2000 euros per month, per 1,000 people the population is more than 600 cars, cell phones in this country is more than people, one and a half times. , The average life expectancy is 82 years, the army - a few hundred fighters and one plane,
Almost all energy consumed by this state is imported, from oil to coal. It is so good that every day about 200 thousand people come here to work from other countries.
This is Luxembourg.
It is worth talking about who is the most successful in the world, if we take material and financial well-being as a criterion, as a limited number of countries come to mind. Among them is necessarily a small, but wealthy and proud duchy.
Depending on the definition of a dwarf state, Luxembourg is either the largest dwarf state in Europe, or the smallest non-dwarf. In terms of area, it can be compared with Moscow, and in terms of population - with cities such as Yaroslavl or Vladivostok. If you leave the capital to the south, in 20 minutes you can reach the border with France, to the west - the border with Belgium, and if you go east, a little longer - in half an hour you will find yourself on the border with Germany.
Residents of neighboring France, Belgium and Germany, who live in former Luxembourg territories, are now happy to come here to earn money, increasing every day the population of the country by almost a third, approximately as the inhabitants of suburbs fill Moscow and other metropolitan areas.
This is the richest country in Europe. And here are the highest wages in Europe! But how is it possible?
You can tell me: "It's simple, an offshore zone... You simplify taxes... You allow capital to merge here... You get a lot of money..." But it's not as simple as you might think!
As you study the economy and history of this country, you will find that this country is constantly adapting to a changing external environment.
For example, until the 60s of the 20th century Luxembourg was famous for its steel industry. And steel production, if I'm not mistaken, was over 60 percent of the economy. But! Back in the 60s of the 20th century, Luxembourg realized that there is no future for steel. Steel is the way to nowhere. Steel was once needed, but soon it will not be so much in demand.
They reduced the production of steel, started chemical production - the production of tires... Little dwarf countries know better than anyone else - if you do not change, the circumstances and the external environment will inevitably crush you.
When the Internet began to gain momentum, the Luxembourg government decided: "We will make our country the most advanced country on the Internet. We will have the fastest Internet". And the government program now says: "Until 2020, the entire territory of Luxembourg will be covered by the Internet at a speed of 1 Gbit / s!".
In 2009, because of money laundering, Luxembourg had huge problems with the global community. And this mill had no choice. They had to change. They quickly changed the law, adapted to what is required of them by the external environment, and capital ran here again.
Do you know what's happening right now in Luxembourg these days? World corporations are moving their European headquarters to Luxembourg! Amazon has moved its headquarters here, Aytuns, Ibay, Paypal...
Why all this? For many reasons.
Luxembourg has done everything to make the world's corporations want to be here...
The first licensed cryptographic exchange in Europe was opened in Luxembourg. Everything was going fast: a trend appeared, it was discussed and decided that they were ready to allow the creation of a platform for digital currencies, passed legislation and issued a license. Yes, there is a lot of work to improve the mechanisms ahead, but a lot has been done. And all this with the blessing of the regulator.
Luxembourg is definitely a country that thinks not today. It is definitely for years, if not decades ahead. Remember, who does not change, he dies. And who adapts and develops - wins!
