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This unique annual collection of key economic and statistical data on the world's small states--those with fewer than five million inhabitants--is an essential reference for economists, planners and policy makers. The book contains fifty-one tables covering selected economic and social indicators culled from international and national sources and presents information unavailable elsewhere. A detailed parallel commentary on trends in Commonwealth small states, looking at growth, employment, inflation and economic policy issues, permits a deeper understanding of developments behind the figures. The book also includes three topical articles: The Effects of Limited Diversification on Small States--Stephen Fletcher, St. George's University, Grenada; Insights into the Economic Development of Small, Often Island, Economies--Godfrey Baldacchino, University of Prince Edward Island, Canada and Geoff Bertram of Victoria University, Wellington, New Zealand; and Macroeconomic Stability in Small States--Lawrence L. Schembri, Bank of Canada.
The global economic crisis that began in 2007 has posed huge challenges for European citizens and governments. The crisis has shown that the financial sector has not been adequately regulated and supervised, that governments and individuals have overspent, and that European economies are suffering from structural problems. This book, a collaboration between the Centre for European Studies and its member foundations, assesses government responses to the crisis at the national, EU and regional levels, and also offers policy recommendations. Governments should work with one another and with EU institutions to improve bank supervision and regulatory mechanisms. They should undertake fiscal consolidation measures, bearing in mind that government deficits and debt incur costs that burden future generations. Finally, they should undertake structural reforms such as creating flexible labour markets, increasing the retirement age and shaping efficient public institutions.
Why have the least developed countries failed to grow as fast as other economies during the recent period of globalisation? This title explores the broad links between growth in income, globalisation, and poverty reduction. It argues that domestic and international policies have failed to serve the interests of the poorest countries.
This book provides a tool for assessing both how prone a country is to external economic shocks - its vulnerability - as well as its ability bounce back from those shocks - its resilience. For economic planners, as well as students of the economies of small states.
Using the Mississippi Gulf Coast as a case study, this book focuses on the aftermath of Hurricane Katrina and develops the concept of resilience and how it applies to Homeland Security in the aftermath of the worst natural disaster to hit the United States. Through the lens of the national response to Hurricane Katrina and the local lens of the recovery of the Mississippi Gulf Coast community, this work elucidates the particular qualities that make a community and a nation more resilient, discussing resilience as a concept and an application. Additionally, it explores in-depth the interconnected fields that comprise resilience; including economic, social, infrastructure, and political domains. By examining what went right, what went wrong, and what can be improved upon during the Mississippi Gulf Coast's recovery, scholars and policymakers can better understand community resilience not just as a concept, but also as a practice.
This book analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value i...
Theoretically innovative and empirically expansive, A Small State's Guide to Influence in World Politics sets out to become the new authority for the study of small states in International Relations (IR). The book's explanatory approach allows for a comparison of small states' situations and relationships across a global selection of some twenty cases in issues of international security, economy, and institutions. In doing so, it shows how IR's longstandingneglect of small states is a missed opportunity--not just for understanding small states but for developing better theories of IR.
A compelling and definitive account of why we need to radically rethink our approach to dealing with catastrophic eventsCatastrophic events such as 9/11, Hurricane Katrina, and the Tohoku "Triple Disaster" of earthquake, tsunami, and nuclear meltdown that hit the eastern seaboard of Japan in 2012 are seen as surprises that have a low probability of occurring but have a debilitating impact when they do.In this eye-opening journey through modern and ancient risk management practices, Jon Coaffee explains why we need to find a new way to navigate the deeply uncertain world that we live in. Examining how governments have responded to terrorist threats, climate change, and natural hazards, Coaffee shows how and why these measures have proven inadequate and what should be done to make us more resilient. While conventional approaches have focused on planning and preparing for disruptions and enhanced our ability to "bounce back," our focus should be on anticipating future challenges and enhancing our capacity to adapt to new threats.
Brings together experts from around the world to consider specific issues pertaining to regional integration and governance within small states. The authors collectively address the challenges posed to small states by the quickened pace of globalisation. The lessons learnt from the experiences of small states are then used to draw policy lessons for the Pacific island countries.