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Small States in a Global Economy: the Role of Institutions in Managing Vulnerability and Opportunity in Small Developing Countries

Author

Listed:
  • Deborah Brautigam
  • Michael Woolcock

Abstract

Small states have always been more vulnerable in the global economy. This is so because trade comprises a larger proportion of their economic activity, and because they lack the power to set the terms or make any of the rules that govern globalization. Studies of small states tend to focus on the nature of their vulnerabilities, without considering that these countries have managed external pressures in different ways.

Suggested Citation

  • Deborah Brautigam & Michael Woolcock, 2001. "Small States in a Global Economy: the Role of Institutions in Managing Vulnerability and Opportunity in Small Developing Countries," WIDER Working Paper Series DP2001-37, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-37
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-37.pdf
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    Citations

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    Cited by:

    1. Edwina E. Pereira & Albert E. Steenge, 2022. "Vulnerability and Resilience in the Caribbean Island States; the Role of Connectivity," Networks and Spatial Economics, Springer, vol. 22(3), pages 515-540, September.
    2. Rui Ota & Ms. Stephanie C Medina Cas, 2008. "Big Government, High Debt, and Fiscal Adjustment in Small States," IMF Working Papers 2008/039, International Monetary Fund.
    3. Nyamtseren, Lhamsuren, 2004. "Challenges and Opportunities of Small Countries for Integration into the Global Economy, as a Case of Mongolia," Dresden Discussion Paper Series in Economics 13/04, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    4. David Craig & Doug Porter, 2014. "Post-conflict pacts and inclusive political settlements: institutional perspectives from Solomon Islands," Global Development Institute Working Paper Series esid-039-14, GDI, The University of Manchester.
    5. Brandon D. Lundy & Mark Patterson & Alex O'Neill, 2017. "Drivers and deterrents of entrepreneurial enterprise in the risk-prone Global South," Economic Anthropology, Wiley Blackwell, vol. 4(1), pages 65-81, January.
    6. Ahlfeld, Sebastian & Hemmer, Hans-Rimbert, 2006. "Der Beitrag der Geography vs. Institutions-Debatte zur Erklärung von Good oder Bad Governance," Discussion Papers in Development Economics 35, Justus Liebig University Giessen, Institute for Development Economics.
    7. Sitthiyot, Thitithep & Holasut, Kanyarat, 2016. "On Income Inequality and Population Size," MPRA Paper 73684, University Library of Munich, Germany.
    8. Thitithep Sitthiyot & Kanyarat Holasut, 2022. "On income inequality and population size," Papers 2201.00161, arXiv.org.
    9. Campante, Filipe & Do, Quoc-Anh, 2007. "Inequality, Redistribution, and Population," Working Paper Series rwp07-046, Harvard University, John F. Kennedy School of Government.
    10. Franc Mali, 2013. "Why an Unbiased External R&D Evaluation System is Important for the Progress of Social Sciences—the Case of a Small Social Science Community," Social Sciences, MDPI, vol. 2(4), pages 1-14, December.

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