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Beautiful But Costly


In Paperback Format
Beautiful But Costly
Business Costs in Small Remote Economies

£65.00
ISBN
9780850928105
Author
L. A. Winders and P. M. G. Martins
Published by
Commonwealth Secretariat
Publication Date
1 January 2004
Format
Paperback
Extent
184 pages
Series
Economic Paper Series 67
Trade Tariff Code
490199

Small countries have often argued that the interaction of factors such as diseconomies of small scale, hugh costs for imported inputs, the cost of isolatin and remoteness, and the costs of physical dispersion have hindered their ability to attract foreign investment in a globalised market.

This publication is a study of the operating costs confronting the private sector in small economies, with the view to determine whether these act as a fundamental impediment to trade and investment. Is the private sector in these economies fundamentally disadvantaged in its preparations for globalisation because its costs are higher than in large ones?

Further, are any of the detectable cost structure disadvantages the result of poor economic management and/or of fundamental structural characteristics?

The outcome of the study offers a brief speculation on the tupe of policy interventions the international community could devise to assist those countries that face high costs structures by virtue of their inherent structural characteristics. 


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