How was the economy of the country containing Valais ranked by the European Union?
Europe's most innovative country
Title: Frilihorn
Passage: The Frilihorn is a mountain of the Swiss Pennine Alps, located between the Val d'Anniviers and the Turtmanntal in the canton of Valais.
Title: Estonia
Passage: Between 2007 and 2013, Estonia receives 53.3 billion kroons (3.4 billion euros) from various European Union Structural Funds as direct supports by creating the largest foreign investments into Estonia ever. Majority of the European Union financial aid will be invested into to the following fields: energy economies, entrepreneurship, administrative capability, education, information society, environment protection, regional and local development, research and development activities, healthcare and welfare, transportation and labour market.
Title: European Union law
Passage: European Union law is applied by the courts of member states and the Court of Justice of the European Union. Where the laws of member states provide for lesser rights European Union law can be enforced by the courts of member states. In case of European Union law which should have been transposed into the laws of member states, such as Directives, the European Commission can take proceedings against the member state under the Treaty on the Functioning of the European Union. The European Court of Justice is the highest court able to interpret European Union law. Supplementary sources of European Union law include case law by the Court of Justice, international law and general principles of European Union law.
Title: List of countries by GDP (nominal)
Passage: Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. Since China's transition to a market - based economy through privatisation and deregulation, the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.
Title: Switzerland
Passage: The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world, while ranked by the European Union as Europe's most innovative country. For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin (by GDP – per capita). In 2007 the gross median household income in Switzerland was an estimated 137,094 USD at Purchasing power parity while the median income was 95,824 USD. Switzerland also has one of the world's largest account balances as a percentage of GDP.
Title: Alps
Passage: The severe weather in the Alps has been studied since the 18th century; particularly the weather patterns such as the seasonal foehn wind. Numerous weather stations were placed in the mountains early in the early 20th century, providing continuous data for climatologists. Some of the valleys are quite arid such as the Aosta valley in Italy, the Maurienne in France, the Valais in Switzerland, and northern Tyrol.
Title: Warsaw
Passage: In 2012 the Economist Intelligence Unit ranked Warsaw as the 32nd most liveable city in the world. It was also ranked as one of the most liveable cities in Central Europe. Today Warsaw is considered an "Alpha–" global city, a major international tourist destination and a significant cultural, political and economic hub. Warsaw's economy, by a wide variety of industries, is characterised by FMCG manufacturing, metal processing, steel and electronic manufacturing and food processing. The city is a significant centre of research and development, BPO, ITO, as well as of the Polish media industry. The Warsaw Stock Exchange is one of the largest and most important in Central and Eastern Europe. Frontex, the European Union agency for external border security, has its headquarters in Warsaw. It has been said that Warsaw, together with Frankfurt, London, Paris and Barcelona is one of the cities with the highest number of skyscrapers in the European Union. Warsaw has also been called "Eastern Europe’s chic cultural capital with thriving art and club scenes and serious restaurants".
Alps Switzerland