Over the many decades, as we have watched the Principality of Monaco develop into its current stature internationally, one must be impressed. It is our opinion, as International Businessmen, that the leadership in the Grimaldi Family, from generation to generation show consistency. To wit, in terms of: Competent Security; Good Governance; Happy Citizenry; International Recognition, Safe Environment for citizens and visitors, and last, but not least, Treasury of competent administrators who understand ‘State’ solvency.
This situs, though physically small, is operationally performing its economic tasks well; this evidenced by it “almost 9.2 percent” growth in economy. From 6.09 billion Euros [2018] to 6.63 billion Euro[2019], is not beaten by many other Nations. With its: Administrative; Financial, Scientific, and Technical Services contributing to Monaco’s gain, the future looks bright. Its 75,942 Euros, per capita, is a “Economic Beacon for other countries to emulate”. It is a great place for Businessmen to create and recreate.
Perhaps, Prince Albert, listened to his father Prince Rainier, about “Capable Leadership leading to Good Governance, for a Satisfied Citizenry”. It appears, that the current Coronavirus [CV 19], while affecting habitants of Monaco, will be hopefully minimized through active health measures; thus economically, Monaco will perform better than most other countries in the area. CV 19 will, in Monaco, be what it is, a ‘Influenza’, nothing more. In, and of itself, continued efficient ruling by Prince Albert, in conjunction with excellent administrators, we think CV 19 effects will be more marginal than some economic experts suggest.
When taken as a whole, in the entire Mediterranean area, Monaco is a symbol of what leadership, with good purpose, can attain, if the Captain at the Helm, like Prince Albert, provides omniscience to the cruise: Sailing on schedule, under cost, and arriving on time, without seasick crew, nor ill passengers. And, as we have written before, the ‘Sea’ can provide a financial abundance to those who are wise. Monaco, in this regard, has: “location, location, location”.
Reality: One who is born to a noble line, who uses Wisdom, can enlighten all far and wide.
Reference: https://news.mc/2020/11/11/economy-grew-by-almost-9-2-percent-in-2019/