By Alvin G. Wint
Explores the demanding situations and possibilities linked to expanding competitiveness in small, constructing economies. in accordance with study performed within the Caribbean.
Read Online or Download Competitiveness in Small Developing Economies: Insights from the Caribbean PDF
Best comparative books
Two times within the final century the often stalwart financial system of usa has crumbled—first in 1929, while the inventory marketplace crash that ended in the good melancholy hit, and back with the monetary industry meltdown of 2008-2009 that remains crippling a lot of the US. whereas it's nonetheless too quickly to kingdom unequivocally how this most modern monetary catastrophe happened, it truly is attainable to theorize that a lot of what has occurred might have been foreseen or even avoided—just because it might have been in 1929.
- Balancing Copyright Law in the Digital Age: Comparative Perspectives
- The Phonology of Lower Grand Valley Dani: A Comparative Structural Study of Skewed Phonemic Patterns
- Sentencing and sanctions in western countries
- Chocolate: Food of the Gods (Contributions in Intercultural and Comparative Studies)
- The Politics of Production: Factory Regimes Under Capitalism and Socialism
- The 100 Most Important American Financial Crises: An Encyclopedia of the Lowest Points in American Economic History
Additional resources for Competitiveness in Small Developing Economies: Insights from the Caribbean
Conventional wisdom suggests that economies of scale are more important in commodity-manufacturing and agriculture industries, and less important in service industries. It is this observation that leads to the conclusion that small countries are likely to achieve competitive advantage through the provision of services far more effectively than through the production of goods. Thus hypothesis 1: Hypothesis 1: The service orientation of a small economy will be a significant factor in determining that economy’s relative economic performance, with more service-oriented small economies outperforming their peers.
One additional variable was included in the analysis: a dummy variable for size of country, with larger countries categorized as one and small countries categorized as zero. This test sought to identify whether or not country size helped to explain the variation in 21 Competitiveness in Small Developing Economies income levels across the combined sample of countries. 6. As in the other regressions, standard errors were White-corrected for heteroskedasticity, and there was no evidence in the regression of multicollinearity or autocorrelation.
The exchange regime is also one of the factors that is typically raised in discussions in small developing countries about the need to generate higher levels of internationally competitive economic activity among the nations’ firms. The exchange regime’s impact on the international competitiveness of firms in small developing countries is usually considered from two perspectives. Fixed exchange regimes create a greater likelihood of real exchange rate overvaluation, with the obvious negative impact on the export prospects of the nations’ firms.