Small Countries in a Global Economy: New Challenges and Opportunities

by D. Salvatore (Editor), M. Svetlicic (Editor), J. Damijan (Editor)

Overview

This book addresses the issues surrounding the prospects of small countries in an integrated, globalized world. The contributors support the thesis that the new global environment does not represent a twilight for small countries, but recognise that the honeymoon has not been as comfortable as others had expected. They demonstrate that by entering the global arena or by consolidating into regional alliances small countries do not 'lose', and may even gain sovereignty in areas previously closed to them.

Product Details

ISBN-13:	9780333789841
Publisher:	Palgrave Macmillan UK
Publication date:	03/14/2001
Edition description:	2001
Pages:	306
Product dimensions:	5.51(w) x 8.50(h) x 0.04(d)

About the Author

VLADIMIR BENACEK IES FSV UK FRITZ BREUSS WIFO Austrian Institute of Economic Research, Vienna JOHN D. DANIELS Samuel Friedland Chair, University of Miami CHRISTIAN BELLAK Wirtschaftsuniversität Wien BRANKO MILANOVIC The World Bank IVAN RIBNIKAR Faculty of Economics, University of Ljubljana MATIJA ROJEC Faculty of Social Sciences, University of Ljubljana MARKO SIMONETI CEEPN MARKO REMS CEEPN

Table of Contents

List of Tables List of Figures Notes on the Contributors Introduction: Small Countries in a Globalised World: Their Honeymoon or Twilight?; M.Svetlicic, D.Salvatore & J.P.Damijan PART I: THE EMERGENCE AND PERFORMANCE OF SMALL COUNTRIES Nations, Conglomerates and Empires: Trade-off Between Income and Sovereignty; B.Milanovic The Economic Performance of Small Versus Large Nations; D.Salvatore Main Economic Characteristics of Small Countries: Some Empirical Evidence; J.P.Damijan PART II: TRANSITION OF SMALL CENTRAL EUROPEAN COUNTRIES History of Czech Economic and Political Alignments Viewed as a Transition; V.Benacek From Monetary Integration via Monetary Independence to a New Integration? (The Case of Slovenia); I.Ribnikar Enterprise Sector Restructuring in a Small Economy: The Case of Slovenia; M.Simoneti, M.Rojec & M.Rems PART III: PROSPECTS OF SMALL COUNTRIES IN A GLOBALISING WORLD Competitiveness of Small Countries; J.D.Daniels & M.Svetlicic Experiences of a Small Country's Short Stay in the EU: The Case of Austria; F.Breuss The Contribution of Large, ('Western') Multinations to the Catching-up of Small ('Eastern') Countries; C.Bellak Index Abstracts

Editorial Reviews

While some political scientists say small countries have never been in a better position to thrive, and predict their numbers will double over the next few decades, others warn that in the context of increasing integration, they must merge into regional groups to survive. Here economists, most from eastern Europe, argue that there is no contradiction, that by integrating, small countries do not lose sovereignty but gain it in domains that were previously completely closed for them. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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