Challenges and Opportunities of Small Countries for Integration into the Global Economy, as a Case of Mongolia
This paper examines the impacts of globalization on small countries, covering the main features of globalization, the quality of national economic and commercial environment, main characteristics of small countries including important facts and concrete indicators for their development, and their challenges and opportunities for regional integration. It concludes that: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher income and much richer than others. But all small countries do not posse such an advantage. Therefore, the small countries were in this paper differently considered according to their per capita income level which varies significantly from each others. 3) For most developing countries, in particular the small and poor countries, a North-South Regional Integration Agreement with a large industrial country is likely to be superior to a South-South Regional Integration Agreement with a developing or poor small country.
|Date of creation:||2004|
|Contact details of provider:|| Postal: 01062 Dresden|
Phone: ++49 351 463 2196
Fax: ++49 351 463 7739
Web page: https://tu-dresden.de/gsw/wirtschaft/?set_language=en
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brautigam, Deborah & Woolcock, Michael, 2001. "Small States in a Global Economy: The Role of Institutions in Managing Vulnerability and Opportunity in Small Developing Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Balassa, Bela, 1969. "Country Size and Trade Patterns: Comment," American Economic Review, American Economic Association, vol. 59(1), pages 201-204, March.
When requesting a correction, please mention this item's handle: RePEc:zbw:tuddps:1304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.