Small States in a Global Economy – Crisis, Cooperation and Contributions

Hilmar Þór Hilmarsson, PhD
University of Akureyri, Akureyri, Iceland

Series: Economic Issues, Problems and Perspectives
BISAC: BUS069000

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In an era of globalization, no country can be an island disconnected from the rest of the world and small states are now integrated in the global economy. The analysis in this book shows that the experiences of small states can be valuable for other countries but at the same time, small states can be vulnerable. This book discusses several issues that are of global importance and analyzes how small states are affected, why they can be vulnerable and how their experiences can be beneficial globally, including for larger states. The issues discussed include the 2008 global economic and financial crisis; governance issues and vulnerabilities in small states with small institutions and limited administrative capacity; international development cooperation; and how small states can contribute to the global transition to clean energy. (Imprint: Nova)

Preface

Acknowledgments

Acronyms and Abbreviations

Introduction

Chapter 1. Small States during a Global Economic, Financial and Social Crisis - Successes, Failures and Vulnerabilities. Did They Own Their Reform Programs? The Case of Latvia and Iceland

Chapter 2. Iceland’s Cross Border Banking Expansion: Dishonesty or Incompetence?

Chapter 3. Small States As Contributors to International Development Cooperation. Can the Baltic States Make a Difference Globally and if so How? What Lessons Can They Learn from the Scandinavian Countries?

Chapter 4. Small States and the Global Transition to Clean Energy: Can Iceland Make a Difference in Developing Countries in Partnership with International Financial Institutions?

Chapter 5. Small States in a Global Economy. Discussion, Lessons Learned, and Conclusion

Book Endorsements

About the Author

Index

Introduction

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Chapter 1

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Chapter 2

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Chapter 3

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Chapter 5

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Audience: · Policy makers in small states and in developing and emerging market economies
· Policy makers in international organizations especially international financial institutions
· Academic professionals focusing on small states’ issues and emerging markets in departments of economics, business, political science and international affairs
· Managers and staff of companies who engage in cross border trade and investments in developing and emerging markets

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