Monaco Monte Carlo Magnet

The principality of Monaco or the city-state Monaco lies in between the Alps and the Mediterranean Sea, bounded by the French Riviera to the west and the Italian Riviera to the east. This is the second smallest independent state in the world (after the Vatican) and is almost entirely urban. Monte Carlo is not the capital of Monaco but a government district. The country is divided into four areas: Monaco-Ville (the old city), the Condamine (port quarter), Monte-Carlo (business and recreation), and Fontvieille (recreation and light industry). With no natural resources to exploit other than its location and climate, the principality has become a resort for tourists and a tax haven for businesses. Monaco is six times the size of the Vatican and the world's most densely populated independent country.