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Vulnerability, trade, financial flows and state failure in small island developing states

McGillivray, Mark, Naude, Wim and Santos-Paulino, Amelia U. 2010, Vulnerability, trade, financial flows and state failure in small island developing states, Journal of development studies, vol. 46, no. 5, pp. 815-827.

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Title Vulnerability, trade, financial flows and state failure in small island developing states
Author(s) McGillivray, Mark
Naude, Wim
Santos-Paulino, Amelia U.
Journal name Journal of development studies
Volume number 46
Issue number 5
Start page 815
End page 827
Publisher Routledge
Place of publication London, England
Publication date 2010-05
ISSN 0022-0388
1743-9140
Summary Small Island Developing States (SIDS) are very different to other developing countries. Relative to GDP they have the highest levels of foreign trade and aid receipts of all developing countries. Remittances from abroad are a far more important source of income for SIDS, and some depend very heavily on export revenues. The quality of governance varies tremendously among SIDS, they are over-represented among countries classified as fragile states and many are prone to state failure. These and other factors combine to make SIDS highly vulnerable to external economic shocks. Achieving development in SIDS is as a consequence an especially complex task that requires an understanding of the roles played by aid, trade, remittances and governance in these countries. This paper looks at these issues, along with providing various stylised facts about SIDS. In so doing it serves as a background and broad contextual setting for the papers that follow in this Special Issue on 'Fragility and Development in Small Island Developing States'.
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2010, UNU-WIDER
Persistent URL http://hdl.handle.net/10536/DRO/DU:30028892

Document type: Journal Article
Collection: Alfred Deakin Research Institute
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