External Linkages And Growth In Small Economies

Overview

The advances in transportation and communications have caused and supported the emergence of a global economy. The small economies are especially attractive to multinational companies for siting of production facilities because of lower costs and friendlier governmental attitudes. The emerging international economy has had an impact on third world countries in many ways. In general, international linkages and local economic sovereignty are inversely related. However, participation in the international economy is ...

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Overview

The advances in transportation and communications have caused and supported the emergence of a global economy. The small economies are especially attractive to multinational companies for siting of production facilities because of lower costs and friendlier governmental attitudes. The emerging international economy has had an impact on third world countries in many ways. In general, international linkages and local economic sovereignty are inversely related. However, participation in the international economy is needed to balance the import/export flow used to improve the conditions in the smaller countries. Although external economic linkages are not risk-free, it appears that a certain amount of foreign involvement is necessary for successful economic development and improvement of conditions for small emerging nations. This work uses the Caribbean nations as a laboratory to show the various aspects of international linkages. This is especially appropriate because of the proximity of these countries to the North American markets.

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Product Details

  • ISBN-13: 9780275946555
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 11/30/1993
  • Pages: 178
  • Lexile: 1420L (what's this?)
  • Product dimensions: 5.50 (w) x 8.50 (h) x 0.44 (d)

Meet the Author

DAVID L. McKEE is Professor of Economics at Kent State University where he is a specialist in economic development and regional economics.

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Table of Contents

Tables

Preface

A Preliminary Overview

The General Parameters by David L. McKee

Externally Traded Services and the Development of Small Economies by Yosra A. Amara

Some Specifics from the Caribbean

Services and Growth in Small Developing Countries by Yosra A. Amara

Export Earnings Instability and Economic Growth in Jamaica, 1957 to 1986 by Ransford W. Palmer

Can Caribbean Firms Compete Globally? by Charles M. Byles

An Appraisal of the Structure and Future Prospects of the Haitian Economy by Yosra A. Amara and David L. McKee

Some Reflections on Tourism

Small Island Economies, Tourism, and Political Crises by Mary Fish and William D. Gunther

Cruise Ships in the Third World: Developmental versus Corporate Financial Objectives by David L. McKee and Abbas Mamoozadeh

Cruise Ship Tourism and Small Island Economies: An Economic Perspective by Abbas Mamoozadeh and David L. McKee

Foreign Linkages and Growth

The United States Dollar and Small Caribbean Economies by Yosra A. Amara

Caribbean Migration in a Global Economy by Ransford W. Palmer

Conclusion

External Linkages and Growth in Small Economies by David L. McKee

Bibliography

Index

About the Editor and Contributors

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