Small States in Transition

From Vulnerability to Competitiveness

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Executive Summary

Globalisation is a powerful influence on the future competitiveness of enterprises in the world's smallest economies. On the one hand, it offers small states' enterprises access to new technologies, new skills, new markets, new financial sources and hence better outward-oriented growth prospects than ever before. But on the other hand, it exposes them to intensive competition from imports, foreign investment and low-cost developing country enterprises.


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