The Global Financial Crisis and Trade Prospects in Small States
Synopsis
This is the first study to look at the trade effects on small states of the current global slowdown. Export industries in these countries have been affected at least as much as those of other developing countries. Given their reliance on trade, this means that the overall economic impact on small states may be greater than for other developing countries, all the more so for those countries exporting minerals and fuels, and ‘luxury’ goods and services, such as beef and tourism. The authors suggest a number of policy responses for governments of small states which may help to address the issues that arise.
Chapters
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Summary
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Introduction
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How the Effects of the Global Financial Crisis Play Out Via Trade
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Possible Trade Implications for Small States
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An Empirical Analysis of Trade Effects in Small States
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Other Direct Channels of Transmission of the Crisis in Small States
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Policy Implications
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Conclusions
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Annex
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References
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Published
1 June 2010
Series
Online ISSN
2310-1385
Categories
Copyright (c) 2010 Commonwealth Secretariat
License
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.