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Macroeconomics In Small Island States
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Book Synopsis Macroeconomics in Small Island States by : Macklenan F. Hasham
Download or read book Macroeconomics in Small Island States written by Macklenan F. Hasham and published by Author House. This book was released on 2014-08-07 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics in Small Island States brings to the reader similar subjects as in a traditional economics reader, but now in the context of small islands. To insure a level of societal well-being an island state develops an economic infrastructure that can be useful to attract foreign investors, and makes efforts to obtain continuous financing for activities to boost social and economic progress as well as international competitiveness. The colonial domination of the past and the long history of foreign transnationals as major economic actors, influence economic thinking, especially with respect to the focus on what should constitute basic industries and the transition to global competiveness. Additionally, changes in the domestic and international socio- economic environment and natural disasters can impact the ability of the island state to fulfill its debt service obligations negatively. These aspects put major pressure on the management of the internal economy, while investments in foreign capital goods apparently tend to have lower growth effects than would generally be expected from the domestic marginal propensity to consume. The publication gives attention to these issues and more and makes reference throughout to contributions to economic thinking by scholars in the Caribbean region.
Book Synopsis Macroeconomics in Small Island States by : Macklenan F. Hasham
Download or read book Macroeconomics in Small Island States written by Macklenan F. Hasham and published by AuthorHouse. This book was released on 2014-08-07 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics in Small Island States brings to the reader similar subjects as in a traditional economics reader, but now in the context of small islands. To insure a level of societal well-being an island state develops an economic infrastructure that can be useful to attract foreign investors, and makes efforts to obtain continuous financing for activities to boost social and economic progress as well as international competitiveness. The colonial domination of the past and the long history of foreign transnationals as major economic actors, influence economic thinking, especially with respect to the focus on what should constitute basic industries and the transition to global competiveness. Additionally, changes in the domestic and international socio- economic environment and natural disasters can impact the ability of the island state to fulfill its debt service obligations negatively. These aspects put major pressure on the management of the internal economy, while investments in foreign capital goods apparently tend to have lower growth effects than would generally be expected from the domestic marginal propensity to consume. The publication gives attention to these issues and more and makes reference throughout to contributions to economic thinking by scholars in the Caribbean region.
Book Synopsis Small Island States in the Pacific by : Mr.Chris Becker
Download or read book Small Island States in the Pacific written by Mr.Chris Becker and published by International Monetary Fund. This book was released on 2012-09-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside equally important but more micro-orientated variables and development indicators. We show that small island states in the Pacific are different from countries in other regional groupings in that they are extremely isolated and have limited scope to tap economies of scale due to small populations. They often have little arable land. There is empirical evidence to suggest that these factors are related to income growth.
Book Synopsis Sustainable Development in Small Island Developing States by : Janet R. Strachan
Download or read book Sustainable Development in Small Island Developing States written by Janet R. Strachan and published by Commonwealth Secretariat. This book was released on 2008 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: About one fifth of all politically independent countries are small island developing states. For these countries, sustainable development is not a matter of choice, it is imperative. This book seeks to initiate a debate on how to support a new wave of action for sustainable development.
Book Synopsis A Possible Approach to Fiscal Rules in Small Islands — Incorporating Natural Disasters and Climate Change by : Ryota Nakatani
Download or read book A Possible Approach to Fiscal Rules in Small Islands — Incorporating Natural Disasters and Climate Change written by Ryota Nakatani and published by International Monetary Fund. This book was released on 2019-09-06 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries formulate a fiscal policy to achieve economic stability and fiscal sustainability when prone to various shocks? We study how natural disasters affect long-term debt dynamics and propose fiscal policy rules that could help insulate the economy from such unexpected shocks. We propose fiscal rules to address these shocks and uncertainties using the example of Papua New Guinea. Our study finds the advantages of expenditure rules, especially a recurrent expenditure rule based on non-resource and non-grant revenue, interdependently determined by government debt and budget balance targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing the impact of natural disasters on debt sustainability and proposing fiscal rules against natural disasters and climate changes. Our fiscal policy framework is practically applicable for many developing countries facing increasing frequency and impact of natural disasters and climate change. Our rules-based fiscal framework is crucial for sustainable and countercyclical macroeconomic policies to build resilience against devastating natural hazards.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498344852 Total Pages :112 pages Book Rating :4.4/5 (983 download)
Book Synopsis Macroeconomic Developments and Selected Issues in Small Developing States by : International Monetary Fund
Download or read book Macroeconomic Developments and Selected Issues in Small Developing States written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report builds on the work in the 2013 Board paper on Fund Engagement with Small States, the 2013 background papers on Asian and Pacific small states and Caribbean small states, and the 2014 staff guidance note. It provides a deeper analysis and policy recommendations in respect of three challenges identified in these papers. Looking ahead, the paper also analyses the impact and possible policy responses to two global economic trends—lower oil prices and diverse movements in major currencies.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498342310 Total Pages :67 pages Book Rating :4.4/5 (983 download)
Book Synopsis Macroeconomic Issues in Small States and Implications for Fund Engagement by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Macroeconomic Issues in Small States and Implications for Fund Engagement written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2013-02-20 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the macroeconomic characteristics and performance of small states and discusses ways in which the Fund’s engagement with these countries could be better tailored to meet their needs. The Fund previously examined small states issues in 2000, informed by a Joint Task Force Report of the Commonwealth Secretariat (CS) and World Bank. Small states continue to face many of the same challenges they did then, and the 2000 Small States Report remains the foundation for much of the work in this area, both inside and outside the Fund. However, the relative macroeconomic performance of small states has deteriorated since the late 1990s, and a fresh look is warranted.
Book Synopsis Debt and Development in Small Island Developing States by : D. King
Download or read book Debt and Development in Small Island Developing States written by D. King and published by Springer. This book was released on 2014-12-17 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debt and Development in Small Island Developing States draws on the expertise of established researchers and public officials from within the SIDS community to answer the following pressing questions related to sustainability, debt accumulation, and prospects for future growth.
Book Synopsis Developmental Issues in Small Island Economies by : David L. McKee
Download or read book Developmental Issues in Small Island Economies written by David L. McKee and published by Praeger. This book was released on 1990-08-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume fills a gap in the literature by analyzing basic issues in development economics as they affect a particular type of Third World nation - small island economies. Using practical examples from the Caribbean Basin and the South Pacific, the authors examine in depth structural and employment issues, demographic and socioeconomic issues, and environmental and natural resource issues. Their aim throughout is to identify and assess the particular and unique development problems faced by small island economies so that effective policies can be derived that will more accurately reflect socioeconomic realities in these areas. Following an introductory overview, the authors discuss the role of staple exports in the economic well being of small island economies as well as issues relating to manufacturing and service sector activities and the structural and employment impacts of tourism. In Part Two, they turn to an exploration of demographic and socioeconomic issues including the effects of urbanization on the development process, the implications of migration from and between small island nations, the brain drain problem, and the relationship between criminal activity and development. Part Three shifts the focus from people-oriented issues to concerns related to agriculture and resource utilization. Separate chapters address agriculture in the developmental mix, the use of fisheries, forest resources, minerals, and conservation issues. The final section looks at the international considerations raised by the study and outlines the policy implications of the authors' findings. Students of development economics, international trade, and finance will find this an invaluable contribution to the greater understanding of the specific development problems faced by small island economies.
Book Synopsis Self-determinable Development of Small Islands by : Masahide Ishihara
Download or read book Self-determinable Development of Small Islands written by Masahide Ishihara and published by Springer. This book was released on 2016-06-14 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to clarify the present situation of the relations between small island countries and territories on the one hand and the great powers, mainland areas, and mega-islands on the other, and explores how small island countries and territories preserve and build their identity under globalization. This book is divided into five parts. The first part presents papers on issues that are related to Okinawa: the American military presence, the formation of a global human network, and the history of and language revitalization in Okinawa. The second part includes papers on security in East Asia and the Pacific Region: the history of and present issues in international relations within the South and East China Sea areas. The third part presents papers on economic issues and social developments on small islands. The fourth part deals with ocean policies and marine resource management in the Pacific Region by the United States, Australia, and Japan. Finally, the fifth part presents papers on the revitalization of three indigenous languages. All the chapters of the book are based on the achievements of the research project “Towards New Island Studies: The Ryukyus as an academic node between East Asia and Oceania” conducted by the International Institute for Okinawan Studies at the University of the Ryukyus. This 5-year project was funded by the Japanese Ministry of Education, Culture, Sports, Science and Technology and aimed to contribute academically to the creation of sustainable and self-determinable societies in small island regions. This work will be extremely useful and informative for readers in small island countries and territories and for researchers who are interested in small island issues to understand the current situation and who wish to consider effectual and feasible solutions.
Book Synopsis Handbook of Small States by : Lino Briguglio
Download or read book Handbook of Small States written by Lino Briguglio and published by Routledge. This book was released on 2018-05-11 with total page 872 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook covers a wide spectrum of issues relating to small states. Chapters in the volume have been grouped under the three main themes of economic, social and environmental issues. The economics sections include chapters dealing with trade, finance and regulatory frameworks, while the social theme covers health, migration, population ageing, as well as overall social wellbeing. The environmental theme examines matters such as measuring environmental performance, natural disasters, the ocean economy, and the validity of the Sustainable Development Goals. One major issue is the definition of small states. As this volume demonstrates, generally speaking, population is used to measure country size in the literature. However, it clearly emerges that there is no real consensus as to the population cut-off point that distinguishes small states from large ones. While the approaches taken by the authors vary, in all cases the chapters draw practical policy implications for small states. The book can therefore be considered as a wide-ranging depositary of information on small states with the aim of deriving policy prescriptions, and thus as an excellent resource for academics, students and policymakers.
Book Synopsis Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific by : Ezequiel Cabezon
Download or read book Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific written by Ezequiel Cabezon and published by International Monetary Fund. This book was released on 2015-06-19 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries’ fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have been without natural disasters. The paper also discusses a multi-pillar framework to enhance resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries’ risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both ex ante and ex post resilience and what role the IMF can play.
Book Synopsis Maldives by : Asian Development Bank
Download or read book Maldives written by Asian Development Bank and published by Asian Development Bank. This book was released on 2015-08-01 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maldives has propelled itself to middle-income status despite its geographic constraints and the risks it faces as a small island economy. The economy has been growing in the last 5 years, but development challenges remain formidable. How can the Maldives sustain and improve the pace of its economic growth and reduce poverty and inequality? This report identifies the critical constraints to inclusive growth and discusses policy options to overcome such constraints.
Book Synopsis Excerpt: Resilience and Growth in the Small States of the Pacific by : Hoe Ee Khor
Download or read book Excerpt: Resilience and Growth in the Small States of the Pacific written by Hoe Ee Khor and published by International Monetary Fund. This book was released on 2016-04-07 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a prepublication excerpt of Resilience and Growth in the Small States of the Pacific.
Book Synopsis The Development Process in Small Island States by : Douglas G. Lockhart
Download or read book The Development Process in Small Island States written by Douglas G. Lockhart and published by Routledge. This book was released on 2002-09-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis Lessons From the Political Economy of Small Islands by : NA NA
Download or read book Lessons From the Political Economy of Small Islands written by NA NA and published by Palgrave Macmillan. This book was released on 2014-01-14 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small islands often enjoy a distinct juridical personality. Many, whether fully sovereign or not, successfully deploy this "gift of jurisdiction" to economic advantage, offsetting the potentially adverse effects of smallness, isolation and peripherality. These legal powers, reflected in supportive policy and culture, are themselves key economic resources in a development strategy. Globalization can be richly asymmetrical, offering lucrative opportunities for differentiation and nice strategies for small island jurisdictions. This book documents such lessons from a most unlikely group of North Atlantic Islands.
Book Synopsis Saving Small Island Developing States by : Shyam Nath
Download or read book Saving Small Island Developing States written by Shyam Nath and published by Commonwealth Secretariat. This book was released on 2010 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small island states have a big problem - the environmental consequences of climate change. This text introduces and explains the key environmental policy challenges and suggested responses to them.
