Naren Prasad

Naren Prasad holds a doctorate in Economics from University of Paris (Pantheon-Assas Paris II). He studied comparative development, social sciences, and applied mathematics at French universities. His main research interests are in the areas of economic development, international trade and poverty. He is on the executive committee of the International Small Islands Studies Association (ISISA). He is currently working for United Nations Educational, Scientific and Cultural Organization (UNESCO) for the Asia Pacific region.

Papers Published in World Economics:

Escaping Regulation, Escaping Convention
Author: Naren Prasad

Contrary to widely held belief, small island countries have many lessons to offer to other countries and the world community in terms of their development strategies. This article provides evidence that small island countries are experts at breaking and distorting global trade rules without being noticed or provoking retaliatory actions. As unimportant actors in the global system, they tend to use their sovereignty and non-market options to their advantage rather than relying purely on global rules of free trade. Globalization is neither uniform nor homogeneous, but includes opportunities and potential for derogations, exceptions and special arrangements.

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