[crosspost from /r/ELI5] Why is Luxembourg one of the wealthiest countries in the world? How could a country with such a small population and such little resources accumulate so much wealth? | AskHistorians Archive Observer

[crosspost from /r/ELI5] Why is Luxembourg one of the wealthiest countries in the world? How could a country with such a small population and such little resources accumulate so much wealth?

by NegusBrethren

satuon

Another question: Switzerland was known to be poorer than surrounding countries in the Renaissance, when did it become wealthy?