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Macroeconomic Policy Frameworks of Small States

A Case Study of Malta

image of Macroeconomic Policy Frameworks of Small States

Malta’s socio-economic successes have been remarkable. Key policy decisions have enabled this small island state to cope with its inherent vulnerabilities. This book reviews the implementation of macroeconomic policies in Malta, identifying the key issues, lessons learnt and best practices which could be adapted by other small states. It also sets out the country’s challenges for the future, which include managing a huge fiscal deficit, a high unemployment rate and attending to the conflicting demands of environmental conservation and economic development.

English

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The Country Profile

The Republic of Malta comprises 6 small islands covering an area of approximately 320 square km. It is situated in the Mediterranean Sea, 93 km south of Sicily and 290 km north of the African Continent. Only 3 of the 6 islands are permanently inhabited. The largest city is Valletta, which is also the nation’s capital. Malta is a bilingual state and both languages, Maltese and English, are official. Maltese is the most widely spoken language of the country with 90.2 per cent, followed by English with 6 per cent, multilingual 3 per cent and other 0.8 per cent.

English

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