Competitiveness in Small Developing Economies: Insights from by Alvin G. Wint

By Alvin G. Wint

Explores the demanding situations and possibilities linked to expanding competitiveness in small, constructing economies. in keeping with examine performed within the Caribbean.

Show description

Read or Download Competitiveness in Small Developing Economies: Insights from the Caribbean PDF

Similar comparative books

Financial Integration in East Asia (Trade and Development)

Monetary Intergration in East Asia explains the various tools economists use to evaluate how open a country's economic climate is to family and overseas impacts, and applies those exams to 10 international locations in East Asia. It explains how a rustic that has an open economy differs from one who is managed.

Unstable Constitutionalism: Law and Politics in South Asia

Even though the sector of constitutional legislations has develop into more and more comparative in recent times, its geographic concentration has remained restricted. South Asia, regardless of being the positioning of the world's biggest democracy and a colourful if turbulent constitutionalism, is likely one of the very important ignored areas in the box.

Community Care for Older People: A Comparative Perspective

This available textbook compares ways that uncomplicated parts of neighborhood care are funded, organised and supplied via governmental and non-governmental enterprises, permitting practitioners and policy-makers to benefit from the stories in their opposite numbers in Europe and North the USA.

Extra info for Competitiveness in Small Developing Economies: Insights from the Caribbean

Sample text

5. This analysis was also corrected for heteroskedasticity through White corrections of the standard errors, and the analysis showed no evidence of multicollinearity, autocorrelation or problems of undue influence from outlying observations. In this set of countries, the export variable has a negative sign, but is statistically insignificant. The service, political/country risk, infrastructure and education variables had the same signs as those hypothesized for small countries but, in the case of these larger countries, political/country risk and education were the statistically significant variables.

The positive, but statistically insignificant, service variable in the analysis suggests that caution needs to be expressed about the presumed link between service orientation and increased productivity in small countries. For small countries, the most striking elements of the statistical analysis lie in the emphasis on the importance of reducing risk and improving infrastructure as mechanisms for improving relative economic performance. These were the statistically significant variables in the small-country regression analysis.

Of these ninety-two territories, eighteen are in the Caribbean, although only Jamaica falls within the category of the thirty-two countries on which there is full reporting, while seventeen of these territories are microeconomies. 31 Analysing the performance differences among these Caribbean countries is facilitated by the common heritage of many. Most of these countries are former, or current, colonies of the United Kingdom. In colonial days, when risk profiles and industries (primarily agriculture in the form of sugar and banana cultivation) were very similar across this set of countries, the most important influence on economic performance was country size.

Download PDF sample

Rated 4.00 of 5 – based on 11 votes