Research Paper No . 2008 / 47 Growth Oriented Macroeconomic Policies for Small Islands Economies Lessons from Singapore

Abstract

Most small island economies or ‘microstates’ have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a few small island economies have succeeded in generating… (More)

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