Alternative Special and Differential Arrangements for Small Economies: Economic Paper 51 (Economic Paper Series)

Small states face particular problems in integrating into the world economy. These stem from diseconomies of scale and scope but are often exacerbated by isolation and high transport costs. However, their efforts to obtain special and differential treatment analogous to (but not necessarily identical to) that received by least developed countries have been resisted by both developed and developing countries. This study considers alternative ways of achieving this goal.
The special problems of small economies are receiving greater attention from the international community. However, the problem remains that of finding ways to deal with these problems. By suggesting alternatives to traditional differential treatment, Dr Davenport's study will generate much interest both among donors and the small states themselves.