Monaco
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- Summary
- Comparative Statistical Analysis
- Strengths and Weakness
- Instruments ratifications
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Monaco ( (listen); French pronunciation: [mɔnako]), officially the Principality of Monaco (French: Principauté de Monaco), is a sovereign city-state and microstate on the French Riviera close to the Italian region of Liguria, in Western Europe. Bordered by France to the north, east and west, it is lapped by the Mediterranean Sea to the south. The principality is home to 38,682 residents, of whom 9,486 are Monégasque nationals; it is widely recognised for being one of the most expensive and wealthiest places in the world. The official language is French, although Monégasque (a dialect of Ligurian), Italian and English are spoken and understood by a sizeable group.With an area of 2.1 km2 (0.81 sq mi), it is the second smallest sovereign state in the world, after Vatican City. Its 19,009 inhabitants per square kilometre (49,230/sq mi) make it the most densely-populated sovereign state in the world. Monaco has a land border of 5.47 km (3.40 mi) and the world's shortest coastline of approximately 3.83 km (2.38 mi); it has a width that varies between 1,700 and 349 m (5,577 and 1,145 ft). The highest point in the state is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires ward, which is 161 metres (528 feet) above sea level. The principality is about 15 km (9.3 mi) from the border with Italy. Its most populous ward is Larvotto/Bas Moulins with a population of 5,443 as of 2008. Through land reclamation, Monaco's land mass has expanded by 20 percent. In 2005, it had an area of only 1.974 km2 (0.762 sq mi). The principality is governed under a form of constitutional monarchy, with Prince Albert II as head of state. Although Prince Albert II is a constitutional monarch, he wields immense political power; the Minister of State is the head of government. The officeholder can be either a Monégasque or French citizen; the monarch consults with the Government of France before an appointment. The House of Grimaldi has ruled Monaco, with brief interruptions, since 1297. The state's sovereignty was officially recognised by the Franco-Monégasque Treaty of 1861, with Monaco becoming a full United Nations voting member in 1993. Despite Monaco's independence and separate foreign policy, its defence is the responsibility of France. However, Monaco does maintain two small military units.
Economic development was spurred in the late 19th century with the opening of the state's first casino, the Monte Carlo Casino, as well as a railway connection to Paris. Since then, Monaco's mild climate, scenery and gambling facilities have contributed to the principality's status as a tourist destination and recreation centre for the rich. In more recent years, Monaco has become a major banking centre and has sought to diversify its economy into the services sector and small, high-value-added, non-polluting industries. The state has no income tax, low business taxes and is well known for being a tax haven. Over 30% of the resident population are millionaires, with real estate prices reaching €100,000 ($142,000) per square metre in 2018. Monaco is not formally a part of the European Union (EU), but it participates in certain EU policies, including customs and border controls. Through its relationship with France, Monaco uses the euro as its sole currency; prior to this it used the Monégasque franc. Monaco joined the Council of Europe in 2004 and is a member of the Organisation internationale de la Francophonie (OIF). It is also the host of the annual street circuit motor race Monaco Grand Prix, one of the original Grands Prix of Formula One and birthplace of Scuderia Ferrari driver Charles Leclerc. The principality has a club football team, AS Monaco, who compete in the French Ligue 1 and have become French champions on multiple occasions. A centre of research into marine conservation, Monaco is home to one of the world's first protected marine habitats, an Oceanographic Museum and the International Atomic Energy Agency Environment Labs, which is the only marine laboratory in the United Nations structure.
Instruments ratified: | 102 / 282 |
---|---|
World Average Ratifications: | 114 / 282 |
Ratification rate: | 28.59% |
World Average Rate: | 41.25% |
Weighted score: | 30.36% |
World Average Weighted Score: | 41.25% |
World rank: | 160 / 194 |
Developed country rank: | 26 / 30 |
Developed country Avg. Ratifications: | 159 / 282 |
Western Europe rank: | 10 / 10 |
Western Europe Avg. Ratifications: | 169 / 282 |
CONTRACTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
---|---|---|---|---|---|
Agency | 0/2 | 0.00% | 2.00% | 8 | Weak |
Conflict of laws | 1/7 (14.29%) | 14.29% | 3.00% | 9 | Strong |
E-commerce | 0/3 | 0.00% | 18.00% | 70 | Weak |
Franchising | 0/1 | 0.00% | 0.00% | 1 | Average |
Leasing/Factoring | 0/2 | 0.00% | 5.00% | 13 | Weak |
Principles, trade usages and standards | 0/2 | 0.00% | 0.00% | 1 | Average |
Procurement | 0/4 | 0.00% | 3.00% | 31 | Weak |
Sale of Goods | 0/5 | 0.00% | 25.00% | 89 | Weak |
Travel contracts | 0/1 | 0.00% | 3.00% | 7 | Weak |
Total | 1 | 1.45% | 9.00% | 138 | Weak |
CUSTOMS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Customs Codification | 0/3 | 0.00% | 78.00% | 153 | Weak |
Customs Cooperation | 0/6 | 0.00% | 26.00% | 117 | Weak |
Exemption from Duties | 1/9 (11.11%) | 11.11% | 30.00% | 109 | Weak |
Temporary Admission | 0/11 | 0.00% | 28.00% | 126 | Weak |
Transit | 0/4 | 0.00% | 28.00% | 98 | Weak |
Total | 1 | 3.26% | 31.00% | 168 | Weak |
DISPUTE RESOLUTION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Arbitration | 2/6 (33.33%) | 30.00% | 32.00% | 84 | Weak |
Judicial cooperation | 3/5 (60.00%) | 78.95% | 36.00% | 42 | Strong |
Recognition of foreign judgments | 0/2 | 0.00% | 2.00% | 6 | Weak |
State court jurisdiction | 0/4 | 0.00% | 14.00% | 29 | Weak |
State court procedure | 0/1 | 0.00% | 6.00% | 12 | Weak |
State immunities | 0/1 | 0.00% | 11.00% | 22 | Weak |
Total | 5 | 42.00% | 29.00% | 51 | Strong |
ENVIRONMENT AND PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air | 4/5 (80.00%) | 80.00% | 86.00% | 59 | Weak |
Chemicals | 0/1 | 0.00% | 78.00% | 152 | Weak |
Energy | 0/2 | 0.00% | 25.00% | 50 | Weak |
Flora and fauna | 4/10 (40.00%) | 43.48% | 68.00% | 177 | Weak |
Foodstuff | 0/2 | 0.00% | 79.00% | 190 | Weak |
General | 1/1 (100.00%) | 100.00% | 95.00% | 1 | Weak |
International watercourses | 0/1 | 0.00% | 18.00% | 36 | Weak |
Maritime and Law of the Sea | 13/26 (50.00%) | 53.26% | 46.00% | 82 | Strong |
Protected geographical areas | 1/1 (100.00%) | 100.00% | 27.00% | 1 | Strong |
Waste | 1/1 (100.00%) | 100.00% | 93.00% | 1 | Weak |
Total | 24 | 53.13% | 61.00% | 133 | Weak |
FINANCE, PAYMENTS AND INSOLVENCY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Assignment of receivables | 0/1 | 0.00% | 1.00% | 2 | Weak |
Bankruptcy and insolvency | 0/1 | 0.00% | 21.00% | 41 | Weak |
Bills of exchange and promissory notes | 3/4 (75.00%) | 50.00% | 8.00% | 1 | Strong |
Cheques | 3/3 (100.00%) | 100.00% | 13.00% | 1 | Strong |
Credit transfers | 0/1 | 0.00% | 0.00% | 1 | Average |
International guarantees | 0/3 | 0.00% | 20.00% | 75 | Weak |
Total | 6 | 24.39% | 12.00% | 32 | Strong |
GOOD GOVERNANCE | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Corruption | 0/4 | 0.00% | 50.00% | 176 | Weak |
Cultural Property | 1/4 (25.00%) | 31.25% | 54.00% | 142 | Weak |
Drugs | 3/3 (100.00%) | 100.00% | 95.00% | 1 | Weak |
Insider Trading | 0/1 | 0.00% | 4.00% | 9 | Weak |
Organized crime | 1/2 (50.00%) | 62.50% | 80.00% | 112 | Weak |
Total | 5 | 48.08% | 68.00% | 172 | Weak |
HUMAN RIGHTS AND LABOUR STANDARDS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Human Rights | 7/7 (100.00%) | 100.00% | 96.00% | 1 | Weak |
Labour Standards | 7/8 (87.50%) | 87.50% | 86.00% | 134 | Weak |
Total | 14 | 93.33% | 91.00% | 126 | Weak |
INSTITUTIONAL PARTICIPATION | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Dispute Resolution | 1/1 (100.00%) | 100.00% | 39.00% | 1 | Strong |
International Trade Law | 5/10 (50.00%) | 50.00% | 73.00% | 163 | Weak |
Trade support institutions | 1/6 (16.67%) | 16.67% | 51.00% | 146 | Weak |
Total | 7 | 41.18% | 63.00% | 148 | Weak |
INTELLECTUAL PROPERTY | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Broadcasting | 1/1 (100.00%) | 100.00% | 47.00% | 1 | Strong |
Copyright | 2/3 (66.67%) | 54.55% | 65.00% | 94 | Weak |
Industrial designs | 1/2 (50.00%) | 62.50% | 31.00% | 37 | Strong |
Integrated circuits | 0/1 | 0.00% | 2.00% | 4 | Weak |
Neighboring Rights | 2/3 (66.67%) | 61.54% | 46.00% | 73 | Strong |
Origin | 1/3 (33.33%) | 33.33% | 14.00% | 24 | Strong |
Patents | 4/5 (80.00%) | 85.71% | 57.00% | 30 | Strong |
Trademarks | 4/6 (66.67%) | 72.73% | 33.00% | 36 | Strong |
Varieties of plants | 0/1 | 0.00% | 37.00% | 73 | Weak |
Total | 15 | 64.21% | 42.00% | 49 | Strong |
INVESTMENTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Investment disputes | 0/2 | 0.00% | 39.00% | 152 | Weak |
Investment guaranty | 0/1 | 0.00% | 93.00% | 181 | Weak |
Total | 0 | 0.00% | 57.00% | 185 | Weak |
PRODUCTS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Marine Resources | 0/1 | 0.00% | 24.00% | 48 | Weak |
Timber | 0/1 | 0.00% | 31.00% | 61 | Weak |
General | 0/1 | 0.00% | 92.00% | 179 | Weak |
Total | 0 | 0.00% | 53.00% | 180 | Weak |
TRANSPORT AND TELECOMMUNICATIONS | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Air transport | 3/7 (42.86%) | 52.38% | 59.00% | 110 | Weak |
Aircrafts and civil aviation | 6/9 (66.67%) | 88.00% | 74.00% | 37 | Strong |
Maritime shipping and load lines | 7/13 (53.85%) | 60.00% | 66.00% | 139 | Weak |
Maritime transport | 3/12 (25.00%) | 20.83% | 27.00% | 103 | Weak |
Multi modal transport | 0/2 | 0.00% | 4.00% | 15 | Weak |
Rail transport | 3/3 (100.00%) | 100.00% | 22.00% | 1 | Strong |
Road transport | 1/4 (25.00%) | 27.78% | 31.00% | 70 | Weak |
Space | 0/4 | 0.00% | 40.00% | 120 | Weak |
Telecommunications | 1/2 (50.00%) | 83.33% | 47.00% | 26 | Strong |
Total | 24 | 54.05% | 50.00% | 84 | Weak |
TREATIES LAW | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
General | 0/4 | 0.00% | 30.00% | 113 | Weak |
Total | 0 | 0.00% | 30.00% | 113 | Weak |
WTO | Inst. ratified | Country score | World avg. score | Country rank in world | Strength |
Plurilateral Agreements | 0/2 | 0.00% | 18.00% | 45 | Weak |
WTO Agreements | 0/1 | 0.00% | 81.00% | 159 | Weak |
Total | 0 | 0.00% | 47.00% | 159 | Weak |
Strong | |
---|---|
Contracts | Conflict of laws |
Dispute resolution | Judicial cooperation |
Environment and products | Maritime and Law of the Sea |
Environment and products | Protected geographical areas |
Finance, payments and insolvency | Bills of exchange and promissory notes |
Finance, payments and insolvency | Cheques |
Institutional Participation | Dispute Resolution |
Intellectual property | Broadcasting |
Intellectual property | Industrial designs |
Intellectual property | Neighboring Rights |
Intellectual property | Origin |
Intellectual property | Patents |
Intellectual property | Trademarks |
Transport and telecommunications | Aircrafts and civil aviation |
Transport and telecommunications | Rail transport |
Transport and telecommunications | Telecommunications |
Average | |
Contracts | Franchising |
Contracts | Principles, trade usages and standards |
Finance, payments and insolvency | Credit transfers |
Weak | |
Contracts | Agency |
Contracts | E-commerce |
Contracts | Leasing/Factoring |
Contracts | Procurement |
Contracts | Sale of Goods |
Contracts | Travel contracts |
Customs | Customs Codification |
Customs | Customs Cooperation |
Customs | Exemption from Duties |
Customs | Temporary Admission |
Customs | Transit |
Dispute resolution | Arbitration |
Dispute resolution | Recognition of foreign judgments |
Dispute resolution | State court jurisdiction |
Dispute resolution | State court procedure |
Dispute resolution | State immunities |
Environment and products | Air |
Environment and products | Chemicals |
Environment and products | Energy |
Environment and products | Flora and fauna |
Environment and products | Foodstuff |
Environment and products | General |
Environment and products | International watercourses |
Environment and products | Waste |
Finance, payments and insolvency | Assignment of receivables |
Finance, payments and insolvency | Bankruptcy and insolvency |
Finance, payments and insolvency | International guarantees |
Good Governance | Corruption |
Good Governance | Cultural Property |
Good Governance | Drugs |
Good Governance | Insider Trading |
Good Governance | Organized crime |
Human Rights and Labour Standards | Human rights |
Human Rights and Labour Standards | Labour Standards |
Institutional Participation | International Trade Law |
Institutional Participation | Trade support institutions |
Intellectual property | Copyright |
Intellectual property | Integrated circuits |
Intellectual property | Varieties of plants |
Investments | Investment disputes |
Investments | Investment guaranty |
Products | General |
Products | Marine Resources |
Products | Timber |
Transport and telecommunications | Air transport |
Transport and telecommunications | Maritime shipping and load lines |
Transport and telecommunications | Maritime transport |
Transport and telecommunications | Multi modal transport |
Transport and telecommunications | Road transport |
Transport and telecommunications | Space |
Treaties law | General |
WTO | Plurilateral Agreements |
WTO | WTO Agreements |
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