The Principality of Monaco is an independent and sovereign state. It is one of Europe's smallest, but has a population of roughly 30,500 - the densest in the world - with 15,370 people per square kilometer. Its territory is entirely urban with no natural resources. From the sky, it appears pink in colour with clear harbors and shining high-rises. Monaco has no air or water pollution. As a result, its buildings remain clean and white and unaffected by corrosion, and its seawater is exceptionally clear to the bottom.
Monaco comprises the five districts of Monaco-Ville, Fontvieille, La Condamine, Moneghetti, and Monte Carlo. Monaco-Ville is the capital city, located north of the Port of Monaco. Southwest of the port is Fontvieille, a man-made platform of rock cut out of the sea which is the location of recreational attractions and some non-polluting businesses. La Condamine is the harbour area. Moneghetti, located on Monaco's western border next to Cap-d'Ail, is the site of exotic plantlife and vegetation. The Principality's center of business and recreation is the city of Monte Carlo.
Note that Italians usually refer to the Principality of Monaco as Monte Carlo, since the German city of Munich is known as Monaco in Italian.
Monaco is known for its extravagance and luxury and for being a favorite vacation spot of the rich and famous. It is a major tourist attraction and known widely for its casinos. However, gambling is not this country's only industry, as there are over 300 companies in all sectors operating there. Although it has a high cost of living, Monaco is an attractive place to live and work because of its beneficial tax environment. There are almost 50 banking institutions located throughout Monaco.
Many international companies are also located throughout the Principality. These include both financial and commercial companies. Monaco's industry businesses are concentrated in the Fontvieille area, southwest of the harbor. These include both high-technology and non-polluting industries. Other key industries include chemical/pharmaceutical, plastics processing, electrical/electronic, engineering, printing, and textiles.
Monaco needs labor in every field and at every level. Even policemen are mainly French nationals. Unemployment is almost non-existent. More than 100 industrial enterprises employ 44,000 people for a population of just over 30,000 residents. Many workers come from Italy - such as Sanremo, Bordighera and Ventimiglia - and from the French towns near Monaco - Cap d'Ail, Beausoleil, La Turbie, Roquebrune and Cap Martin.