The Role of the Tertiary Sector in the Economic Development of Switzerland

In Switzerland the tertiary sector possesses the same features as the secondary sector: (1)Firstly, a large degree of economic concentration offsets the geographical dispersion of the country. Banking and commercial establishments are numerous but most of the business of the country is conducted by the large organisations (five large banks, a union of consumption co-operatives and a Federation of MIGROS Cooperatives).(2)Secondly, the sphere of business activity goes beyond the national border. Switzerland is the world’sleading exporter of reinsurance policies; Swiss bankers work on an international scale; her transport industry represents a quarter of her world traffic in goods.2