Rainier III's reforms

Rainier III, who ruled Monaco from 1949 to 2005, implemented significant reforms that modernized the principality. He restructured the government to promote transparency and engagement, introducing a constitutional reform in 1962 that limited the prince’s powers and established a National Council, enhancing legislative governance. Rainier also focused on economic diversification, developing tourism and attracting new businesses to bolster Monaco’s economy. His efforts transformed Monaco into a more democratic and economically stable nation while preserving its unique cultural heritage, ensuring the principality thrived in the modern era.