Growth, Economic Development and Structural Transition in Small Vulnerable States

Robert Read

No DP2001-59, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper reviews the critical theoretical and policy issues relating to growth, economic development and structural transition in small states. The paper discusses alternative perspectives on small size and highlights the salient characteristics which give rise to their economic sub-optimality. The theoretical and empirical relationship between size and growth is reviewed, including recent inferences relating to structural transition and comparative advantage in small states.

Keywords: Comparative economics; Economic development; International trade; Macroeconomics (search for similar items in EconPapers)
Date: 2001
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