Small states and the pillars of economic resilience Collection home page Statistics


Small developing states tend to be inherently prone to exogenous shocks over which they can exercise very little control. In the main, such proneness emanates from the small states’ structural trade openness and their very high dependence on a narrow range of exports. There are a number of small developing states that, in spite of their inherent economic vulnerability, manage to generate a relatively high GDP per capita when compared with other developing countries. This can be ascribed to economic resilience building associated with policy-induced measures that enable a country to recover from or adjust to the negative impacts of adverse exogenous shocks and to benefit from positive shocks.

The main argument put forward in this book is that economic resilience can be built through appropriate policy interventions in four principal areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development.

This publication is yet another outcome of a collaborative project between the Commonwealth Secretariat and the Islands and Small States Institute of the University of Malta. The project is aimed at developing the conceptual underpinnings of economic resilience and at deriving a sound basis for its measurement. This work has resulted in the publication of four books, including this one, and the development of an Economic Resilience Index, based on internationally-comparable data and covering a wide cross-section of countries. It is planned that this project will be further developed through the undertaking of country-specific case studies which may serve as examples of best practice conducive to economic resilience building.

Edited by: Lino Briguglio, Gordon Cordina, Nadia Farrugia, Constance Vigilance

Islands and Small States Institute, University of Malta

Commonwealth Secretariat, London

ISBN 978-99909-49-24-7

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 22
Issue DateTitleAuthor(s)
2008The authors [Small states and the pillars of economic resilience]-
2008Introduction [Small states and the pillars of economic resilience]Briguglio, Lino; Cordina, Gordon; Farrugia, Nadia; Vigilance, Constance
2008Macroeconomic stability and economic resilience in small states : the role of macroeconomic policiesSchembri, Lawrence
2008Government expenditure, debt and fiscal adjustment in small statesMedina Cas, Stephanie; Ota, Rui
2008The role of fiscal policy in resilience building : experiences of pacific island countriesJayararnan, Tiru K.
2008CARICOM’s orientation in external trade negotiations and resilience buildingPreville, Claudius
2008Economic resilience and market efficiency in small statesCordina, Gordon
2008Private sector development and micro-enterprises in small statesVella, Stephanie
2008International labour mobility for resilience building in microstatesChand, Satish
2008Bridling market dominance : a view from JamaicaLee, Barbara
2008Building good governance and economic resilience in small statesSutton, Paul
2008Small states, resilience and governanceSamy, Yiagadeesen; Carment, David; Prest, Stewart; Gagne, Jean Francois
2008Governance issues in the Pacific island countriesReddy, Mahendra
2008Poverty, migration and economic resilience in small island developing statesConnell, John
2008Social cohesion, governance and social development in small statesPrasad, Naren
2008Income distribution, social cohesion and economic resilienceFabri, Jean Paul; Pizzuto, Alexia
2008Sustainable development and economic resilience with special reference to MaltaBriguglio, Lino
2008Small states and the commonwealth secretariatVigilance, Constance
2008Finding answers to the concerns of small, vulnerable economies in the Doha roundWerner, Hans-Peter J.
2008Conceptual and practical issues in constructing composite indicesFarrugia, Nadia
Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 22