In my opinion this is missing an important thing: Does the Swiss model scale?
For example, the Singapore model can't scale. It's based on rich people and corporations arbitraging the international fiscal system. You can't have another Singapore without having another East Asia and West with it.
Swiss is definitively a privileged place that is benefiting from the overall wealth of Europe and many other countries. We can't have the niceties they are having unless we have huge leaps in overall productivity around the world.
Edit: To explain my point further. Let's say you have a Swiss watch factory that is relaying on export for 90% of its production. With this money it can afford hiring top researchers and paying very high wages even for low-skill positions. This wouldn't be possible if there wasn't a huge market to product this luxury good for (Europe, US and Asia).
For example, the Singapore model can't scale. It's based on rich people and corporations arbitraging the international fiscal system. You can't have another Singapore without having another East Asia and West with it.
Swiss is definitively a privileged place that is benefiting from the overall wealth of Europe and many other countries. We can't have the niceties they are having unless we have huge leaps in overall productivity around the world.
Edit: To explain my point further. Let's say you have a Swiss watch factory that is relaying on export for 90% of its production. With this money it can afford hiring top researchers and paying very high wages even for low-skill positions. This wouldn't be possible if there wasn't a huge market to product this luxury good for (Europe, US and Asia).