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Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience (Europa Perspectives: Emerging Economies) - Tapa blanda

Worrell, DeLisle

 
9781032162294: Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience (Europa Perspectives: Emerging Economies)
Tapa blanda
ISBN 10: 1032162295 ISBN 13: 9781032162294
Editorial: Routledge, 2023

Sinopsis

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.

 

"Sinopsis" puede pertenecer a otra edición de este libro.

Editorial
Routledge
Año de publicación
2023
Idioma
Inglés
ISBN 10 
1032162295
ISBN 13 
9781032162294
Encuadernación
Tapa blanda
Número de edición
1
Número de páginas
440
Contacto del fabricante
Taylor and Francis, GPSR Taylor and Francis
gpsr@taylorandfrancis.com

Taylor & Francis Verlag GmbH, Kaufingerstraße 24
München
80331
Alemania