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Small States

Economic Review and Basic Statistics, Volume 6

image of Small States

This annual publication is a unique source of information on small states. The book is in two parts. The first section provides a narrative focusing on the recent economic performance of Commonwealth small states. It also contains two feature articles: one is a commentary on small states in the Lomé Convention and in the New ACP-EU Partnership Agreement, the other analyses the implications for small states of the OECD Harmful Tax Competition guidelines. These two items are of considerable interest to small states in view of the challenges posed to their economies by globalisation and the progressive liberalisation of world trade. The second part of the book provides social and economic data on small states. These are presented in 51 tables. In order to maintain the continuity of the series, the country coverage and country groupings based on income are the same as those used in previous issues of this publication.

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Recent Economic Trends in Commonwealth Small States

The economic performance of the Commonwealth Small States in 1999 and 2000 needs to be seen in the context of global economic trends. The world economy showed significant recovery in 1999 and in the early part of 2000, following the financial crisis and economic slow-down in 1997–98. Expansion in North America and improvements in the economies of the East Asian countries accounted for much of the stronger growth in the global economy during the period under review.

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