MACMILLAN Small Developing Countries and Global Markets: Competing in the Big League

More than half of the world's sovereign states are small economies. The majority are in Sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This book discusses the advantages and pitfalls of different strategies for small developing economies to become more integrated into the world economy. It should help with the formulation of a coherent and effective policy response. Review 'Drawing lessons from a rich experience, Walter Kennes untangles our understanding of small developing countries and global markets. In this insightful book, he offers, not recommendations, but the most promising strategy mix to help concerned policy-makers meet the challenges and opportunities of globalization.' - Ahmedou Ould-Abdallah, Executive Secretary, Global Coalition for Africa 'With intimate knowledge of the subject, Walter Kennes presents a clear and concise overview of the options of developing countries for participating in the world economic system. The book provides some new directions for reflecting on how African countries can take advantage of the processes of globalization and regionalization.' - Daniel Bach, Africa Studies Centre, Boston University 'The audience for this readable and practical book includes policy-makers, academics, politicians and the private sector in about half of the sovereign countries in the world (home to about ten percent of the world's population). It is a very welcome addition to the development literature, not the least because it focuses on a large group of countries whose problems are often neglected by analysts busy working on the role of the big players in the ongoing integration of the world economy.' - Richard Blackhurst, Graduate Institute of International Studies (Geneva); former Director of Economic Research, GATT/WTO Secretariat (1985-97) About the Author WALTER KENNES is Head of Sector for regional integration at the European Commission's Directorate General for Development. He joined the European Commission in 1984. His previous areas of work include food aid, food security, agricultural development and structural adjustment.