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Small developing countries and global markets : competing in the big league

Author: Walter Kennes
Publisher: New York : St. Martin's Press, 2000.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Kennes, Walter, 1949-
Small developing countries and global markets.
New York : St. Martin's Press, 2000
(DLC) 00022309
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Walter Kennes
ISBN: 0333977769 9780333977767
OCLC Number: 48139917
Description: 1 online resource (xii, 201 pages)
Contents: Preface and Acknowledgements --
List of Tables and Figures --
List of Abbreviations --
Introduction --
WTO Membership: What's in it for Small Developing Countries? --
Unilateral Economic Liberalization --
South-South Regionalism --
Non-Reciprocal Arrangements with Industrial Countries --
North-South Regionalism --
Summary and Conclusion --
Appendix A: Regional Integration Arrangements Involving Developing Countries --
Appendix B: Characteristics of Small Developing Economies --
References --
Index.
Responsibility: Walter Kennes.

Abstract:

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.

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