Small Developing Countries and Global Markets - Competing in the Big League (Hardcover, 2000 ed.)

More than half the world's sovereign states are small economies. The majority are developing countries in sub-Saharan Africa and the Caribbean Basin. The globalization process poses special challenges for small economies because of their vulnerability and lack of diversification. How should they overcome the limitations of smallness and become better integrated into the world economy? How should they take advantage of the opportunities resulting from globalization while avoiding the pitfalls? Opening the economy is widely recommended, but there are important risks for which policy-makers need to define a balanced response. This book discusses the main strategies or options for small developing economies towards better integration into the world economy. They include membership of the World Trade Organization and unilateral economic liberalization. Another important strategy is regional integration among developing countries. Many small states also continue to rely heavily on special trade arrange-ments with industrial countries. Recently a lot of attention has been paid to quite a different strategy: North-South integration with reciprocal obligations. In practice, the strategies are not mutually exclusive, but must be combined into a coherent policy package for maximum advantage.

General

Imprint:	Palgrave Macmillan
Country of origin:	United States
Release date:	October 2000
First published:	2000
Authors:	W. Kennes
Dimensions:	216 x 140 x 19mm (L x W x T)
Format:	Hardcover - Paper over boards
Pages:	201
Edition:	2000 ed.
ISBN-13:	978-0-312-23358-7
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > International economics > General
LSN:	0-312-23358-2
Barcode:	9780312233587

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