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Item Details
| Title:
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SUPPORTING INVESTMENT AND PRIVATE SECTOR DEVELOPMENT IN TIMES OF CRISIS
STRATEGIES FOR SMALL STATES |
| By: |
Dirk Willem te Velde, Isabella Massa, Massimiliano Cali |
| Format: |
Paperback |
| List price:
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£25.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1849290172 |
| ISBN 13: |
9781849290173 |
| Publisher: |
COMMONWEALTH SECRETARIAT |
| Pub. date: |
1 April, 2010 |
| Series: |
Economic Paper Series 89 |
| Pages: |
60 |
| Description: |
Documents the effects of the global financial crisis on investment and private sector development in small states. It uses case studies (St Lucia, Vanuatu and Mauritius) to draw lessons from policy responses and propose further support required at both the national and international level to support the private sector through the economic crisis. |
| Synopsis: |
Small states are vulnerable to the effects of the global financial crisis because of their high dependence on foreign direct investment, the importance for them of export earnings, and high levels of remittances and aid flows. The crisis thus also in turn affects investment and private sector development. This Economic Paper examines the effects of the crisis on three countries: Mauritius, St Lucia and Vanuatu. Only Vanuatu is relatively resilient so far, with the effects on investment in Mauritius and St Lucia being dramatic, though affecting different sectors in each country. The policy responses followed also differ markedly. The authors demonstrate once again the vulnerability of small states to shocks, and emphasise that they are often at the receiving end of global policies, particularly so in the context of the global financial crisis. They argue that more could be done to clarify and address the greater vulnerability of many small states. |
| Illustrations: |
Illustrations |
| Publication: |
UK |
| Imprint: |
Commonwealth Secretariat |
| Returns: |
Returnable |
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