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Working Smart and Small

The Role of Knowledge-based and Service Industries in Growth Strategies for Small States

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Small states face serious challenges for development due to their size, remoteness and vulnerability. In recent years, the prospects for small states have deteriorated further due to preference erosion and the emergence of larger competitors such as India and China. Working Smart and Small suggests how small states can reposition themselves in the global economy and move into knowledge-based and service industries.



Part I provides an overview of general factors stimulating or constraining the development of services sector and trade in services. It also identifies key trends and provides analysis.



Part II gives six case study examples of how some small states have promoted knowledge-based and service industries in their economies. The small states studied, from different regions and income groups, are Botswana, Mauritius, St. Lucia, Singapore, United Arab Emirates and Vanuatu. The studies cover the performance and supporting factors in five promising service sectors: the financial sector, information and communication technologies, education, professional services and tourism.



Part III considers the policy implications.



This book will be of particular interest to economic policy-makers and researchers working on issues of concern to small states.

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Botswana

Botswana is a landlocked country located in sub-Saharan Africa (SSA) with a real per capita GDP (purchasing power parity [PPP]-adjusted) of US$9,652 and a total population of 1.8 million in 2005. It has experienced one of the most impressive growth rates in the world over the last four decades and had the highest rate of per capita growth in the world between 1965 and 1998. The average annual GDP growth rate since the 1990s has been 5.3 per cent (Chart 6.1).

English

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