The World 's Highest Living Standards

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Introduction Liechtenstein is a country located in central Europe, between Australia and Switzerland. It is one of the only two double landlocked countries in the world. Liechtenstein is the fourth smallest state in Europe and the sixth smallest country in the world (Tourism Liechtenstein 2016). Despite its humble size of 160km2 (CIA 2016) and deficiency of natural resources, it has one of the world’s highest living standards and GDP per capita. This is due to Liechtenstein’s unique geographical characteristics, political system and public sector services, particularly education, healthcare, welfare and pensions. Liechtenstein does not experience any vast problems currently, however historically, there have been issues with its taxation…show more content…
Prince Hans Adams new political powers included the power to dissolve government without approval and reason, the right to control the committee in charge of appointing court judges and veto power over legislation. However, the new constitution also gave the people of Liechtenstein the power to abolish the monarchy and the right to a vote of no confidence in the Prince by a referendum requested by at least 1500 eligible voters. (Princely House of Liechtenstein 2016) Education/Healthcare/Welfare/Pension Schooling only became compulsory in the 19th century. In 1971 the school system was restructured. The national education authority originally in charge of education since 1869 was dissolved. The responsibility was passed to the government who created the Office of Education in 1972. The constitution specifies that both public and private education in Liechtenstein is to be supervised by the state. Children have the option to attend kindergarten, followed by five required years of primary schooling and four years of secondary education. Liechtenstein has three higher education institutions: The University of Liechtenstein, Private University in the Principality of Liechtenstein and the International academy of philosophy. (Fürstentum Liechtenstein 2016) Liechtenstein 's healthcare system required all residents aged 16 years or older to have health insurance. Due to a high ratio of practitioners and specialist doctors to the small population, citizens can
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