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Development and Stabilization in Small Open Economies

- Theories and Evidence from Caribbean Experience
Af: DeLisle Worrell Engelsk Paperback

Development and Stabilization in Small Open Economies

- Theories and Evidence from Caribbean Experience
Af: DeLisle Worrell Engelsk Paperback
Tjek vores konkurrenters priser

This book analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value is little more than a trophy, of little value if it is not readily convertible into US dollars. Also, that while government policies affect international competitiveness and a small country''s growth prospects, more important is how governments use additional resources to improve the quality of health and educational services. Moreover, economic windfalls such as the discovery of mineral resources seldom bring prosperity commensurate with their economic value, and never in the short run.

The volume will offer invaluable information and analysis to researchers and policy makers investigating small open economies.

 

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This book analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value is little more than a trophy, of little value if it is not readily convertible into US dollars. Also, that while government policies affect international competitiveness and a small country''s growth prospects, more important is how governments use additional resources to improve the quality of health and educational services. Moreover, economic windfalls such as the discovery of mineral resources seldom bring prosperity commensurate with their economic value, and never in the short run.

The volume will offer invaluable information and analysis to researchers and policy makers investigating small open economies.

 

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Produktdetaljer
Sprog: Engelsk
Sider: 428
ISBN-13: 9781032162294
Indbinding: Paperback
Udgave:
ISBN-10: 1032162295
Kategori: Regionale studier
Udg. Dato: 6 jan 2023
Længde: 30mm
Bredde: 234mm
Højde: 154mm
Forlag: Taylor & Francis Ltd
Oplagsdato: 6 jan 2023
Forfatter(e): DeLisle Worrell
Forfatter(e) DeLisle Worrell

Kategori Regionale studier

ISBN-13 9781032162294

Sprog Engelsk

Indbinding Paperback

Sider 428

Udgave

Længde 30mm

Bredde 234mm

Højde 154mm

Udg. Dato 6 jan 2023

Oplagsdato 6 jan 2023

Forlag Taylor & Francis Ltd