paragraph_text: Switzerland has an overwhelmingly private sector economy and low tax rates by Western World standards; overall taxation is one of the smallest of developed countries. Switzerland is a relatively easy place to do business, currently ranking 20th of 189 countries in the Ease of Doing Business Index. The slow growth Switzerland experienced in the 1990s and the early 2000s has brought greater support for economic reforms and harmonization with the European Union. According to Credit Suisse, only about 37% of residents own their own homes, one of the lowest rates of home ownership in Europe. Housing and food price levels were 171% and 145% of the EU-25 index in 2007, compared to 113% and 104% in Germany.

paragraph_text: The Committee for Economic Development of Australia (CEDA) is a bipartisan, non-profit, national, independent, member-based organisation providing thought leadership and policy perspectives on the economic and social issues affecting Australia.

paragraph_text: Dani Rodrik (born August 14, 1957) is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of the Social Sciences at the Institute for Advanced Study in Princeton, New Jersey. He has published widely in the areas of international economics, economic development, and political economy. The question of what constitutes good economic policy and why some governments are more successful than others at adopting it is at the center of his research. His works include "Economics Rules: The Rights and Wrongs of the Dismal Science" and "The Globalization Paradox: Democracy and the Future of the World Economy". He is also joint editor-in-chief of the academic journal "Global Policy".

paragraph_text: Member of the European Parliament with the Social Democratic Party of Germany, part of the Socialist Group and sat on the European Parliament's Committee on Fisheries and its Committee on Transport and Tourism.

paragraph_text: The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, agriculture, trade, and banking have been leading sectors of the Dutch economy. The Netherlands has a high level of economic freedom. The Netherlands is one of the top countries in the Global Enabling Trade Report (2nd in 2016), and was ranked the fifth most competitive economy in the world by the Swiss International Institute for Management Development in 2017. In addition, the country was ranked the second most innovative nation in the world in the 2018 Global Innovation Index.

paragraph_text: The Review of Income and Wealth is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the International Association for Research in Income and Wealth. It was established in 1951 and published annually until 1966, when it became a quarterly. Its aim is to provide a venue for research on income and wealth in terms of national and international, economic and social accounting. Its scope includes not only research on the "development of concepts and definitions for measurement and analysis", the development and "integration of systems of economic and social statistics", and "related methodological problems", but also more applied areas such as to allow international comparisons and to understand the use economic and social accounting for "budgeting and policy analysis" in different economies. Its current editors are Conchita D'Ambrosio (University of Luxembourg), Robert J. Hill (University of Graz), and Stephan Klasen (University of Göttingen), and its previous editors have included Erik Lundberg, Simon Kuznets, Richard Stone, Raymond Goldsmith, Phyllis Deane, and Colin Clark.

paragraph_text: As a member of the European Union, Estonia is considered a high-income economy by the World Bank. The GDP (PPP) per capita of the country, a good indicator of wealth, was in 2015 $28,781 according to the IMF, between that of Slovak Republic and Lithuania, but below that of other long-time EU members such as Italy or Spain. The country is ranked 8th in the 2015 Index of Economic Freedom, and the 4th freest economy in Europe. Because of its rapid growth, Estonia has often been described as a Baltic Tiger beside Lithuania and Latvia. Beginning 1 January 2011, Estonia adopted the euro and became the 17th eurozone member state.

paragraph_text: The Greek economy is classified as advanced and high-income. Greece was a founding member of the Organisation for Economic Co-operation and Development (OECD) and the Organization of the Black Sea Economic Cooperation (BSEC). In 1979 the accession of the country in the European Communities and the single market was signed, and the process was completed in 1982. Greece was accepted into the Economic and Monetary Union of the European Union on 19 June 2000, and in January 2001 adopted the Euro as its currency, replacing the Greek drachma at an exchange rate of 340.75 drachma to the Euro. Greece is also a member of the International Monetary Fund and the World Trade Organization, and is ranked 24th on the KOF Globalization Index for 2013.

paragraph_text: According to a January 2006 report by the United Nations Economic and Social Commission for Western Asia, Bahrain has the fastest-growing economy in the Arab world. Bahrain also has the freest economy in the Middle East and is twelfth-freest overall in the world based on the 2011 Index of Economic Freedom published by the Heritage Foundation/"Wall Street Journal".

paragraph_text: Lenni Montiel is the United Nations a Assistant Secretary-General for Economiic Development in the Department of Economic and Social Affairs. Prior to this appointment of 18 November 2014, Mr. Montiel was an Assistant Secretary-General of Social, Economic and Development Affairs.

paragraph_text: Feminist economists Ailsa McKay and Margunn Bjørnholt argue that the financial crisis and the response to it revealed a crisis of ideas in mainstream economics and within the economics profession, and call for a reshaping of both the economy, economic theory and the economics profession. They argue that such a reshaping should include new advances within feminist economics and ecological economics that take as their starting point the socially responsible, sensible and accountable subject in creating an economy and economic theories that fully acknowledge care for each other as well as the planet.

paragraph_text: In 1986, Portugal joined the European Economic Community (EEC) that later became the European Union (EU). In the following years Portugal's economy progressed considerably as a result of EEC/EU structural and cohesion funds and Portuguese companies' easier access to foreign markets.

paragraph_text: Vincenzo Aita (born September 14, 1948 in Eboli) is an Italian politician and a member of the European Parliament with the Partito della Rifondazione Comunista, part of the European United Left–Nordic Green Left. He sits on the Committee on Economic and Monetary Affairs and is a substitute on the Committee on Agriculture and Rural Development.

paragraph_text: The European Economic and Social Committee (EESC) is a consultative body of the European Union (EU) established in 1958. It is an advisory assembly composed of "social partners", namely: employers (employers' organisations), employees (trade unions) and representatives of various other interests. Its seat, which it shares with the Committee of the Regions, is the Jacques Delors building on Belliardstraat / Rue Belliard 99 in Brussels. Once known by the acronym "EcoSoc", the body is now referred to as the "EESC", to avoid confusions with the United Nations ECOSOC.

paragraph_text: John Ulric Nef (1899–1988) was an American economic historian, and the co-founder of the University of Chicago's Committee on Social Thought. He was associated with the University of Chicago for over half a century, and co-founded the Committee there in 1941.

paragraph_text: A developed country with an advanced, high-income economy and high living standards, Estonia ranks very high in the Human Development Index, and performs favourably in measurements of economic freedom, civil liberties, education, and press freedom (third in the world in 2012). Estonia has been among the fastest growing economies in the European Union and is a part of the World Trade Organization and the Nordic Investment Bank. Estonia is often described as one of the most internet-focused countries in Europe.

paragraph_text: 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.

paragraph_text: Switzerland voted against membership in the European Economic Area in a referendum in December 1992 and has since maintained and developed its relationships with the European Union (EU) and European countries through bilateral agreements. In March 2001, the Swiss people refused in a popular vote to start accession negotiations with the EU. In recent years, the Swiss have brought their economic practices largely into conformity with those of the EU in many ways, in an effort to enhance their international competitiveness. The economy grew at 3% in 2010, 1.9% in 2011, and 1% in 2012. Full EU membership is a long-term objective of some in the Swiss government, but there is considerable popular sentiment against this supported by the conservative SVP party. The western French-speaking areas and the urban regions of the rest of the country tend to be more pro-EU, however with far from any significant share of the population.

paragraph_text: Greece is classified as an advanced, high-income economy, and was a founding member of the Organisation for Economic Co-operation and Development (OECD) and of the Organization of the Black Sea Economic Cooperation (BSEC). The country joined what is now the European Union in 1981. In 2001 Greece adopted the euro as its currency, replacing the Greek drachma at an exchange rate of 340.75 drachmae per euro. Greece is a member of the International Monetary Fund and of the World Trade Organization, and ranked 34th on Ernst & Young's Globalization Index 2011.

paragraph_text: Switzerland has one of the best environmental records among nations in the developed world; it was one of the countries to sign the Kyoto Protocol in 1998 and ratified it in 2003. With Mexico and the Republic of Korea it forms the Environmental Integrity Group (EIG). The country is heavily active in recycling and anti-littering regulations and is one of the top recyclers in the world, with 66% to 96% of recyclable materials being recycled, depending on the area of the country. The 2014 Global Green Economy Index ranked Switzerland among the top 10 green economies in the world.

Question: How did the union of member states that is the jurisdiction of the EESC rate Switzerland's economy?
Answer: Europe's most innovative country