Like Las Vegas, Monaco is really a dream — largely the dream of Rainier III, the prince who ruled it from 1949 until his death Wednesday at 81.

Monaco is little more than a rock on the shore of the Mediterranean near the French-Italian border, smaller than Central Park in Manhattan or the Mall in Washington. Monaco has no mineral resources, arable land, army or income tax, and with 498 police officers for 33,000 residents, practically no petty crime. Its government is named by the ruling prince, now Rainier’s son, Albert II, 47, though there is a 24-seat elected Legislature.

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