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SIDS tends to perform particularly well with regards to their socio-economic achievements and development endeavours. As a result, several SIDS graduate from their Least Development Country status to Middle-Income Country status. This graduation implies that SIDS are much better-off economically and can do without the special treatments and benefits in terms of Overseas Development Assistance that they were receiving as an LDC. However, and this is the thrust of the argument in this paper, this is not the case at all. The support was and is crucial to SIDS. After all, it was the catalyst which...
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Small developing economies are often constrained in participating in the negotiation and regulation of multilateral trading rules due to severe cost and resource limitations. This article argues that, despite the costs and difficulties, small states must remain engaged in the multilateral trading system in order to ensure that their specialised commercial interests are recognised and to protect their rights. Umbrella entities like the Caribbean Regional Negotiating Machinery (CRNM) provide a means of maximising the influence of small states in an international forum such as the World Tra...
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Not long ago, Latin America was a success story of economic growth. While advanced economies suffered a severe recession during the 2008–09 financial crisis in the United States and western Europe, followed by a weak recovery, emerging market economies were seen as the promise for renewed world economic growth. Latin America was viewed as part of that promise.
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This short and lively book lays out the why and the how of promoting US business abroad. America's place in the world depends more than is usually acknowledged on the vigor and global reach of American business. The United States is the world's leading exporter, the world's leading importer, and the world's primary source and destination of funds for foreign investment. Our position as the best place in the world to do business-the most reliable in which to buy, the most lucrative in which to sell, and the safest and surest in which to invest or to raise capital-is a cause, not an effect, of A...
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Economic Diplomacy: India’s experience
Kishan Rana is a widely published former Indian ambassador and Bipul Chatterjee, his co-editor, is the deputy executive director of the Indian NGO, and CUTS International is the the publisher of this book. Both editors are also trained economists. Their volume consists of 25 chapters, all except three written by serving or former members of the Indian Foreign Service. The chapters are divided into five parts, the titles of three of which clearly indicate the broad meaning given by the editors to the term economic diplomacy: ‘Export promotion’; ‘Investment and economic aid’; and ‘Mana...
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Markets only function optimally when there is perfect information. Joseph Stiglitz received the Nobel Prize in economics for proving that when there are asymmetries of information markets fail. Information economics, with its better analyses of labour, capital, and product markets, enables the construction of macroeconomic models that provide deeper insights into unemployment, recessions and depressions, and other problems that have marked capitalism since its beginnings.
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This study intends to give the Palestinian policymakers a tool to support the emergence of an economically-viable Palestinian state through equipping the Palestinian Authority PA with legal, economic, and technical policy advice to prepare the regulation for the development of a trade policy for an independent state; the establishment of a WTO compatible sovereign framework for trade; and permanent economic status negotiation with Israel. The two-state solution is the least common denominator for a just and peaceful solution for the conflict, justice means; economic viability and socio-economi...
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This book went to press after the much-publicised handshake between US President Barack Obama and Cuban President Raul Castro at the memorial service for Nelson Mandela in December 2013 – but before their historic, simultaneous announcements a year later, assisted by a prisoner exchange and the good offices of the Vatican, that they were resolved […]
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Education plays a crucial role in fostering personal and social development, as well as economic growth. Government policies play a dominant role in this sector. Over time, trade in education services, particularly at the tertiary level, have been growing in importance. Driving factors include a combination of demographic changes, technological developments, national development goals, and governmental reforms to the funding and provision of higher education. The educational market has grown in size with more exporters entering the field to satisfy growing demand worldwide. The education ...
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Diplo: Effective and inclusive diplomacy
Diplo is a non-profit foundation established by the governments of Malta and Switzerland. Diplo works to increase the role of small and developing states, and to improve global governance and international policy development.
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