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What Small Countries Can Teach the World

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  • Jeffrey Frankel

Abstract

In the past, various great powers have taken the stage as models of economic and social development. Examples such as Great Britain, the Soviet Union, Japan, and the United States have had their time in the spotlight that has come and gone as flaws were exposed; and other countries have learned what they did well and what they did poorly. The great powers are not the only models, however. Much can be learned from small countries which are often free to experiment with new institutions and new policies. This paper describes lessons that can be learned from such countries though no one size fits all.

Suggested Citation

  • Jeffrey Frankel, 2012. "What Small Countries Can Teach the World," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 47(2), pages 97-103, April.
    • Handle: RePEc:pal:buseco:v:47:y:2012:i:2:p:97-103
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Why we need small countries: they experiment with policies
      by Economic Logician in Economic Logic on 2012-05-17 19:57:00
    2. What Georgia Can Teach the World
      by Michael Fuenfzig in The ISET Economist on 2012-05-17 19:35:19

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    Cited by:

    1. Mario COCCIA, 2021. "Measuring performance of countries to face COVID-19 threat and the role of low population and high level of healthcare expenditure to mitigate negative effects," Journal of Social and Administrative Sciences, EconSciences Journals, vol. 8(4), pages 131-146, December.
    2. Figueiredo, Paulo N. & Piana, Janaina, 2018. "Innovative capability building and learning linkages in knowledge-intensive service SMEs in Brazil's mining industry," Resources Policy, Elsevier, vol. 58(C), pages 21-33.
    3. Sanchez, Emerson M. & Lamchek, Jayson S., 2023. "Creating a sovereign wealth fund in a corruption-riddled country: Energizing transparency and sound governance with direct benefit-sharing," Resources Policy, Elsevier, vol. 81(C).
    4. George Gerapetritis, 2014. "Europe’s new deal: a new version of an expiring deal," European Journal of Law and Economics, Springer, vol. 38(1), pages 91-115, August.

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