Small States

Economic Review and Basic Statistics, Volume 11

image of Small States
This unique annual collection of key economic and statistical data on the world’s small states – those with fewer than five million inhabitants – is an essential reference for economists, planners and policy makers. The book contains fifty-one tables covering selected economic and social indicators culled from international and national sources and presents information unavailable elsewhere. A detailed parallel commentary on trends in Commonwealth small states, looking at growth, employment, inflation and economic policy issues, permits a deeper understanding of developments behind the figures.

The book also includes two topical articles, on 'Culture as the Fourth Pillar of Sustainable Development' by Dr. Keith Nurse, Senior Lecturer, Institute of International Relations, University of the West Indies, Trinidad and Tobago, and 'Enhancing the Competitiveness of Small States', by Ms Monique Pollard, Economic Affairs Division, Commonwealth Secretariat.



Enhancing Small States' Competitiveness in the Global Economy

In the current age of globalisation states must be competitive in order to remain economically viable. The need to retain a competitive advantage is often particularly problematic for small states due to a multitude of obstacles, including limited market size, diminishing human capital and remoteness. However, states such as Estonia, Malta and Hong Kong show that it is possible for an economy that is limited in size and scope to compete internationally with success.


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