Growth Oriented Macroeconomic Policies for Small Islands Economies: Lessons from Singapore

Patrick Guillaumont, Catherine Korachais and Julie Subervie

No RP2008-47, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Most small island economies or 'microstates' have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a few small island economies have succeeded in generating sustained rapid growth and reducing poverty, most have dismal growth performance, resulting in high unemployment and poverty.

Keywords: Economic development; Economic surveys; Fiscal policy; Monetary policy; Policy sciences (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-dev, nep-mac and nep-sea
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Citations: View citations in EconPapers (1)

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