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dc.contributor.authorBriguglio, Lino-
dc.contributor.authorCordina, Gordon-
dc.contributor.authorFarrugia, Nadia-
dc.contributor.authorVigilance, Constance-
dc.identifier.citationBriguglio, L., Cordina, G., Farrugia, N., & Vigilance, C. (2008). Introduction [Small states and the pillars of economic resilience]. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 11-34). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariaten_GB
dc.description.abstractSmall developing states tend to be inherently prone to exogenous shocks over which they can exercise very little control, if any. In the main such proneness emanates from these 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 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, which Briguglio et al. (2006) associate 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. Briguglio et al. argue that economic resilience depends upon appropriate policy interventions in four principal areas, namely macroeconomic stability, microeconomic market efficiency, good governance and social development.en_GB
dc.publisherUniversity of Malta. Islands and Small States Institute & The Commonwealth Secretariaten_GB
dc.subjectMacroeconomics -- Case studiesen_GB
dc.subjectEconomics -- Legal aspectsen_GB
dc.subjectEnvironment -- Economic aspectsen_GB
dc.subjectSustainable developmenten_GB
dc.subjectStates, Small -- Economic aspectsen_GB
dc.titleIntroduction [Small states and the pillars of economic resilience]en_GB
dc.title.alternativeSmall states and the pillars of economic resilienceen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holderen_GB
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