Advertisement

Introduction: Small Countries in a Globalised World: Their Honeymoon or Twilight?

Chapter
  • 69 Downloads

Abstract

Does globalisation represent the twilight or honeymoon for small countries (hereinafter ‘SCs’)? It is no wonder that some political scientists even predict that the number of nations may double over the next two or three decades (Salvatore, herein:71). Some claim that historically small states have never been in such a good position as they are today. Others insist that SCs cannot survive in the context of contemporary integration tendencies, that they have to forget about their sovereignty and integrate into regional groups. The growing importance of regional integration groups should support the latter thesis, while the increasing number of small states supports the former. Is there any contradiction between the political process of disintegration, the birth of new small states and economic integration trends? This book will demonstrate that there is in fact no such contradiction, that by integrating small countries do not ‘lose’, they even gain sovereignty in domains which were previously completely closed for them. By developing strengths in one area gives them power also in those areas where such power is weak. This is the so-called paradox of the ‘weakness’ (Baillie, 1999).The objective of the paper is to explain this apparent inconsistency. In order to do so, we start with some general observations on the relationship between income and sovereignty that are supposed to apply to all countries.

Keywords

Foreign Direct Investment Capita Income Small State Small Country Large Country 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. BAILLIE S. (1999). ‘A Theory of Small State Influence in the European Union.’ Journal of Development and International Cooperation, Vol. 1, No. 3–4, pp. 195–219.Google Scholar
  2. BECKER G. (1994): ‘Why so Many Mice are Roaring?’ Business Week, November 7.Google Scholar
  3. BELLAK C. (1994): ‘Small Nations Reconsidered’. Mimeo: Reading.Google Scholar
  4. CANTWELL J. and BELLAK C. (1997): ‘Small Latecomer Countries in a Globalising Environment: Constraints and Opportunities for Catching-up’. Journal of Development and International Cooperation, 24–25, pp. 139–180.Google Scholar
  5. CASTELLO S. OLIENYK J. and OZAWA T. (1997): ‘Nation Size, Outward Orientation, and Structural Adaptability: Small Versus Large European Economies.’ Journal of Development and International Cooperation, 24–25, pp. 85–104.Google Scholar
  6. CASTELLO S. ECONOMIST, January 27, 1996: 66Google Scholar
  7. CASTELLO S. ECONOMIST, March 18, 1995.Google Scholar
  8. FUKUYAMA F. (1992): The End of History and the Last Man. London: Penguin Books.Google Scholar
  9. GRAY, HP. (1996): ‘International Involvement or Autarchy’. In: Svetličič, M. and SINGER, H. (eds.). The World Economy: Challenges of Globalisation and Regionalisation. London and New York: Macmillan Press, St. Martin’s Press.Google Scholar
  10. HUNTINGTON, S. (1993). ‘The Clash of Civilisations?’ Foreign Affairs, Vol. 72, No. 3, Summer.Google Scholar
  11. JALAN, B. (1982): ‘Classification of Economies by Size’. In: JALAN B., ed: Problems and Policies in Small Economies. London: Croom Helm, pp. 39–47.Google Scholar
  12. KATZENSTEIN, P.J. (1985): Small States in World Markets; Industrial Policy in Europe. Ithaca and London: Cornell University Press.Google Scholar
  13. KINDLEBERGER, C. (1984). Multinational Excursions. Cambridge Mass.: MIT Press.Google Scholar
  14. KOVAČ, B. (1996). ‘Introduction’, to J. Damijan, Majhne države v svetovni trgovini, (Small Countries in World Trade). Ljubljana: Krt.Google Scholar
  15. MRAK, M. (1999). ‘Succession of States in Respect of Citizenship: The Case of the Former SFRY’. In: MRAK M., ed.: Succession of States. The Hague/London/Boston: Martinus Nijhoff Publishers.Google Scholar
  16. MRAK, M. NEWSWEEK, May 24, 1999Google Scholar
  17. SACHS, J. and WARNER (1995). Natural Resource Abundance and Economic Growth. Harvard Institute for International Development, October.Google Scholar
  18. ŠABIČ, Z. (1994): Small Countries in Transition: The Case of Slovenia. Ljubljana: CIR.Google Scholar
  19. WILLIAMSON, P. J. (1989): Corporativism in Perspective. Sage: London.Google Scholar
  20. ZARKOVIC Bookman, M. (1993): The Economics of Seccession. London: Macmillan Press.CrossRefGoogle Scholar

Copyright information

© Marjan Svetličič, Dominick Salvatore, Jože P. Damijan 2001

Authors and Affiliations

  1. 1.Faculty of Social SciencesUniversity of LjubljanaLjubljanaSlovenia
  2. 2.Fordham UniversityNew YorkUSA
  3. 3.Faculty of EconomicsUniversity of LjubljanaLjubljanaSlovenia
  4. 4.Institute for Economic ResearchLjubljanaSlovenia

Personalised recommendations