Small states, small problemsn

Small states, no different from large states in income and growth, should receive the same policy advice large states do. Because of their greater openness, they may be more vulnerable to volatility in terms-of-trade shocks--but their openness pays off in growth.

Bibliographic Details

Main Author:	Easterly, William Russell
Corporate Author:	World Bank. Development Research Group. Macroeconomics and Growth
Other Authors:	Kraay, Aart
Format:	Book
Language:	English
Published:	Washington, D.C. World Bank Development Research Group, Macroeconomics and Growth, 1999.
Series:	Policy research working paper no.2139
Subjects:	States, Small. Economic development.