Can Luxembourg's economic models be applied in other countries? - ProProfs Discuss
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Can Luxembourg's economic models be applied in other countries?

Asked by I. Muller, Last updated: Jan 21, 2024

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D. Ronald

D. Ronald

D. Ronald
D. Ronald, Writer, Austin

Answered Apr 09, 2019

The Luxembourg model for their economy probably can’t be fitted to other countries especially those that are not similar in their types of economy. Luxembourg’s economy is based on their location, climate, popularity, and service industries. Therefore, other countries couldn’t have the same economy and prosper from it because they do not have the same similarities as Luxembourg.

The Luxembourg model for their economy probably can’t be fitted to other countries especially
However, the countries that do have these same things could use Luxembourg’s economic model and prosper the same way as this country. There are just so few countries that do have the same climate, popularity and use the service industry. Therefore, it probably should be a surrounding country, but their economic models may be proven successful so they would not need to change to a different model if theirs already works.

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