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Development Strategies for the Vulnerable Small Island Developing States (SIDS)

Author

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  • Augustin Kwasi Fosu

    (Institute of Statistical, Social, and Economic Research, University of Ghana, Legon, Ghana; Faculty of Economic and Management Sciences, University of Pretoria, Pretoria, South Africa; Centre for the Study of African Economies (CSAE), University of Oxford, Oxford, UK)

  • Dede Woade Gafa

    (Department of Economics, University of Ghana, Legon, Ghana)

Abstract

This paper draws on the examples of two well-performing small island developing states (SIDS), Mauritius and Singapore, to provide lessons for vulnerable SIDS on strategies that can help overcome their inherent vulnerabilities and promote economic development. The paper concludes that building human and institutional capacities, boosting exports and infrastructure development, and promoting foreign direct investment and industrialization under a strong public-private sector institutional partnership are key to fostering economic resilience and achieving sustainable development.

Suggested Citation

  • Augustin Kwasi Fosu & Dede Woade Gafa, 2020. "Development Strategies for the Vulnerable Small Island Developing States (SIDS)," Working Papers 202073, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:202073
    as

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    References listed on IDEAS

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