Small States and the Pillars of Economic Resilience

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9789990949247: Small States and the Pillars of Economic Resilience

Small developing states tend to be inherently prone to exogenous shocks over which they can exercise very little control. In the main, such proneness emanates from the small states; structural trade openness and their very high dependence on a narrow range of exports. There are a number of small developing states that, in spite of their inherent economic vulnerability, manage to generate a relatively high GDP per capita when compared with other developing countries. This can be ascribed to economic resilience building associated with policy-induced measures that enable a country to recover from or adjust to the negative impacts of adverse exogenous shocks and to benefit from positive shocks. The main argument put forward in this book is that economic resilience can be built through appropriate policy interventions in four principal areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development. Published by the Islands and Small States Institute, Malta and the Commonwealth Secretariat.

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About the Author:

Lino Briguglio

Constance Vigilance works at the Commonwealth Secretariat as the Economic Adviser responsible for Small States. She holds a Masters in International Affairs in Economic Policy Management from Columbia University, New York.

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Lino Briguglio; Gordon Cordina; Nadia Farrugia; Constance Vigilance
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ISBN 10: 9990949247 ISBN 13: 9789990949247
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Book Description Formatek Ltd, Malta, 2008. Paperback. Book Condition: New. Language: English . Brand New Book. Small developing states tend to be inherently prone to exogenous shocks over which they can exercise very little control. In the main, such proneness emanates from the small states; structural trade openness and their very high dependence on a narrow range of exports. There are a number of small developing states that, in spite of their inherent economic vulnerability, manage to generate a relatively high GDP per capita when compared with other developing countries. This can be ascribed to economic resilience building associated with policy-induced measures that enable a country to recover from or adjust to the negative impacts of adverse exogenous shocks and to benefit from positive shocks. The main argument put forward in this book is that economic resilience can be built through appropriate policy interventions in four principal areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development. Published by the Islands and Small States Institute, Malta and the Commonwealth Secretariat. Bookseller Inventory # AAN9789990949247

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Lino Briguglio; Gordon Cordina; Nadia Farrugia; Constance Vigilance
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Lino Briguglio; Gordon Cordina; Nadia Farrugia; Constance Vigilance
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Book Description Formatek Ltd, Malta, 2008. Paperback. Book Condition: New. Language: English . Brand New Book. Small developing states tend to be inherently prone to exogenous shocks over which they can exercise very little control. In the main, such proneness emanates from the small states; structural trade openness and their very high dependence on a narrow range of exports. There are a number of small developing states that, in spite of their inherent economic vulnerability, manage to generate a relatively high GDP per capita when compared with other developing countries. This can be ascribed to economic resilience building associated with policy-induced measures that enable a country to recover from or adjust to the negative impacts of adverse exogenous shocks and to benefit from positive shocks. The main argument put forward in this book is that economic resilience can be built through appropriate policy interventions in four principal areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development. Published by the Islands and Small States Institute, Malta and the Commonwealth Secretariat. Bookseller Inventory # AAN9789990949247

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Book Description Commonwealth Secretariat, 2008. Paperback. Book Condition: Brand New. 426 pages. 9.40x6.30x1.00 inches. In Stock. Bookseller Inventory # __9990949247

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