Monaco Monaco is one of the smallest countries in the world, with only an area of less than 1 sq. mile. Monaco is located on the French Riviera, which borders the Mediterranean sea. It is bordered on all other sides by France. The people of Monaco enjoy a stable government and economy. Monaco is ruled by a prince. The prince since 1949 has been Prince Rainier the third. Until 1962 the people of Monaco did not have all of the rights that they do today. In 1962 under pressure from France the prince sighed a new constitution giving his people new rights. The rights that came forward at this time where that the woman in society had the right to vote and that all people even if gu