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The Trade Performance of Small States

image of The Trade Performance of Small States

This paper analyses the trends in the relative significance of small states in world trade, and looks at the reasons for their marginalisation. It advocates that dependence on primary products and increasing globalisation explain much of the trend in the declining significance of small states, but that there are four other key factors: the structure of the export trade; the unfavourable geographical positions of many small states; their lack of financial resources; the global trade regime under the WTO.

English

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Executive Summary

Despite increasing global integration and an unprecedented rise in the volume of trade and capital flows, together with a significant reduction in barriers to worldwide trading activities, there are indisputable concerns that some countries have failed to derive significant benefits from the ongoing process of trade liberalisation and globalisation. This is particularly true for small states. This paper analyses trends in the relative significance of small states in world trade and looks at the reasons for their marginalisation.

English

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