Escaping Regulation, Escaping Convention
Development strategies in small economies
• Author(s): Naren Prasad
• Published: March 2004
• Pages in paper: 26
Abstract
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.
Register for personal access to all papers for just £47.99
To download papers you need a subscription to World Economics Journal.
Get access to the full 20 year archive of thousands of papers and abstracts.
Order online now for 1 years immediate access for 1 user via username/password.
You do not need a PayPal account to pay by card.
Institutional Subscriptions, Contact Us
Existing Subscriber Log-in