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Title: Developing resilience through labour mobility in microstates
Other Titles: Building the economic resilience of small states
Authors: Chand, Satish
Keywords: States, Small -- Case studies
Macroeconomics -- Case studies
States, Small -- Economic conditions
Labor market -- Case studies
Issue Date: 2006
Publisher: Formatek Ltd.
Citation: Chand, S. (2006). Developing resilience through labour mobility in microstates. In L. Briguglio, G. Cordina, E.J. Kisanga (Eds.), Building the economic resilience of small states (pp. 59-76). Blata I-Bajda: Formatek Ltd.
Abstract: This chapter views freer mobility of labour between small states and the rest of the world as a major tool for macroeconomic stabilisation in the former. It is shown that while small states are far more exposed than larger states to the vagaries of the international market place, they often lack the capability to effectively use the conventional tools for demand management. International labour mobility, therefore, is critical for microstates to minimise volatility in unemployment. Economic policy has an important role in facilitating labour mobility by improving skills and providing information. This is viewed as an essential component of building resilience in microstates.
ISBN: 9990949239
Appears in Collections:Building the economic resilience of small states

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