Small developing countries and global markets : competing in the big league / Walter Kennes.

Format:

Book

Author/Creator:

Kennes, Walter, 1949-

Contributor:

John Lammey Stewart Memorial Library Fund.

Language:

English

Subjects (All):

States, Small.

Developing countries--Economic integration.

Developing countries.

States, Small--Economic integration.

Globalization.

International economic integration.

Physical Description:

xii, 201 pages ; 23 cm

Place of Publication:

New York : St. Martin's Press, 2000.

Summary:

More than half of the world's sovereign states are small economies. The majority are in Sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This book discusses the advantages and pitfalls of different strategies for small developing economies to become more integrated into the world economy. It should help with the formulation of a coherent and effective policy response.

Contents:

Globalization and regionalization go together 2

Developing countries need to reposition, but how? 4

Small developing countries face specific constraints 5

The prospects of small developing economies matter for affluent countries 8

What are the options for integrating into the world economy? 9

Guide to the text 10

2 WTO Membership: What's in It for Small Developing Countries? 12

Developing countries and the multilateral trading system 13

Relevance of new TWO provisions for developing countries 17

Small developing economies and the WTO 26

3 Unilateral Economic Liberalization 30

From import substitution to export orientation 31

Openness and economic growth 34

The case for unilateral trade liberalization 37

The limitations of unilateral trade liberalization 40

Assessment 43

4 South-South Regionalism 45

Levels and types of integration 46

Regionalism within the multilateral system 49

Preconditions and success factors 52

Institutional design 56

Outcomes of regional integration arrangements 61

Free trade areas, customs unions and rules of origin 75

Assessment for small developing economies 79

5 Non-Reciprocal Arrangements with Industrial Countries 82

Effects of tariff preferences 84

Experience with the main non-reciprocal arrangements 88

Non-reciprocal arrangements and small developing economies 98

6 North-South Regionalism 104

Motives for industrial countries 106

Motives for developing countries 107

Small economies and the FTAA 113

The EU and the ACP countries: ready for reciprocity? 116

North-South integration and small developing economies 124

Subscribing to the benefits of the multilateral trading system 128

Eliminating big distortions unilaterally 130

South-South regionalism when preconditions are fulfilled 131

Preparing the phasing-out of non-reciprocal arrangements 135

North-South arrangements may be beneficial in some cases 137

Finding the right strategy mix 140

Appendix A Regional Integration Arrangements Involving Developing Countries 142

Africa 142

Latin America and the Caribbean 155

Asia and the Pacific 161

Appendix B Characteristics of Small Developing and Transition Economies 168.

Notes:

Includes bibliographical references (pages 188-194) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.

ISBN:

0312233582

OCLC:

43365869