Small Developing Countries and Global Markets: Competing in the Big League

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 pitfall...