Some Small Countries Do It Better: Rapid Growth and Its Causes in Singapore, Finland, and Ireland

Some Small Countries Do It Better: Rapid Growth and Its Causes in Singapore, Finland, and Ireland

by World Bank, Kaoru Nabeshima

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Overview

Some Small Countries Do It Better: Rapid Growth and Its Causes in Singapore, Finland, and Ireland by World Bank, Kaoru Nabeshima

Countries worldwide are struggling to imitate the industrial prowess of the East Asian pacesetters, but growth accelerations have proven remarkably transient. Building a portfolio of tradable goods and services and steadily raising the level of investment in these activities, has generally defied the best policy efforts - in particular, bringing investment ratios on par with East Asian averages has presented the greatest challenge. Hence the search is on for growth recipes not so tightly bound to investment, to manufacturing activities, and to the export of manufactured products. In casting around for such recipes validated by demonstrated results, the experience of economies which have relied more on other drivers of growth - human capital and knowledge - is highly attractive. Finland and Ireland are among the tiny band of small nations that grew rapidly for well over a decade by achieving the maximum mileage from an adequate investment in physical assets and by harnessing the potential of human capital and technologies.

Product Details

ISBN-13: 9780821388464
Publisher: Bernan Distribution
Publication date: 02/16/2012
Pages: 184
Product dimensions: 6.00(w) x 8.90(h) x 0.60(d)

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