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Small States in the Global Economy

image of Small States in the Global Economy

The book contains fiftyfour tables covering selected economic, social, demographic and Millennium Development Goal indicators culled from international and national sources and presents information unavailable elsewhere. A detailed parallel commentary on trends in Commonwealth small states, looking at growth, employment, inflation, human development, and economic policy, permits a deeper understanding of developments behind the figures.

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The Mauritian Experience

This paper will describe the growth pattern of a small island economy which has, over the last four decades, managed to reach the status of a middle-income country, overcoming the constraints of economies of scale posed by an exiguous local market. The Mauritian experience reveals that size per se is not a handicap, and that ultimately economic progress depends on the will and the commitment of the political class to development, on the mobilisation and efficient management of resources, on the right market positioning, on investment in human capital and on enough policy flexibility to adjust to changing circumstances.

English

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