Swiss cuckoo clocks?

Harry Lime in "The Third Man", claims that 'under the Borgias, Italy had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance. In Switzerland, they had brotherly love and five hundred years of democracy and peace, and what did they produce? The cuckoo clock.' Well, not even that, one might think, given that cuckoo clocks really came from the Black Forest.

However, Switzerrland does have a thriving defence industry and exports technology to other countries to conduct war. No, not clockwork tanks. Switzerland also offers a safe banking base for all sorts of 'gun-running' activities. The prosperity emanating from such unsavoury activities underpins the country's peace, democracy, etc.

So, it looks like Harry Lime got it wrong both ways. It's a sad world, isn't it?