The Opportunities for a Small Economy in Globalization
AbstractThe text deals with the position of small countries, defined as countries with populations under 16 million, in today's globalized world. Their advantages and disadvantages, but especially the opportunities that globalization offers these countries, are discussed. Small countries can overcome their smallness by market acquisition, acquisition of missing production factors, regionalism and advantages of membership in international organisations and taking advantage of the existence of international financial markets. Governments also play an important role. The article is illustrated with A. T. Kearney Globalization Index for the economic, personnel, technological and political dimensions of globalization processes.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Acta Oeconomica Pragensia.
Volume (Year): 2009 (2009)
Issue (Month): 3 ()
Postal: Redakce Acta Oeconomica Pragensia, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
- F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
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