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The Economic Performance of Small Versus Large Nations

In: Small Countries in a Global Economy

Author

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  • Dominick Salvatore

    (Fordham University)

Abstract

The number of nations has quadrupled during the past 50 years, from 51 in 1945 to 210 in 1997. Globalization and the reduction of trade barriers have sharply reduced the disadvantages of smallness and encouraged the proliferation of new nations during the past decades. And there is no end in sight — some political scientists predict that the number of nations may double again during the next two or three decades. In this paper, we begin by classifying nations into large and small nations and then we examine the economic performance of small nations in relation to large nations over the past 12 years (1985–1997). Data availability and the greater relevance of the experience of the last dozen years make it the most feasible and useful period to study.

Suggested Citation

  • Dominick Salvatore, 2001. "The Economic Performance of Small Versus Large Nations," Palgrave Macmillan Books, in: Dominick Salvatore & Marjan Svetličič & Jože P. Damijan (ed.), Small Countries in a Global Economy, chapter 2, pages 71-90, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51319-8_3
    DOI: 10.1057/9780230513198_3
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    Cited by:

    1. Ohr, Renate & Özalbayrak, Mehmet, 2012. "The Euro: A "MUST" for small European states?," University of Göttingen Working Papers in Economics 131, University of Goettingen, Department of Economics.
    2. Rodríguez-Pose, Andrés & Stermšek, Marko, 2014. "The Economics of Secession ? Analysing the economic impact of the collapse of the former Yugoslavia," CEPR Discussion Papers 10134, C.E.P.R. Discussion Papers.
    3. repec:got:cegedp:131 is not listed on IDEAS

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