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BOOK REVIEW: "Working Smart and Small: The Role of Knowledge-based and Service Industries in Growth Strategies for Small States" edited by Mahvash Qureshi and Dirk Willem te Velde

BOOK REVIEW: "Working Smart and Small: The Role of Knowledge-based and Service Industries in... The Singapore Economic Review, Vol. 56, No. 3 (2011) 455–457 © World Scientific Publishing Company DOI: 10.1142/S0217590811004286 BOOK REVIEW Working Smart and Small: The Role of Knowledge-based and Service Industries in Growth Strategies for Small States edited by Mahvash Qureshi and Dirk Willem te Velde, Commonwealth Secretariat, 2008. The World Bank describes “Small States” as a diverse group of sovereign developing countries mostly with a population of less than 1.5 million. The Commonwealth Secretariat uses population size, GNP and total arable land to construct a composite index to deter- mine the size of a state. With this definition, 32 Commonwealth countries are defined as small states; larger countries such as Jamaica and Papua New Guinea are also included as they exhibit small state characteristics such as remoteness, openness, income volatility and poverty. Small states are in a precarious position given the state of the world today. Other than having to deal with the economic downturn, they have to contend with competition from large emerging economies like China, India and Brazil, who can produce everything absolutely cheaper due to cost advantages. To quote Singapore’s Minister Mentor Lee Kuan Yew, “In a different world we need to find a niche for http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Singapore Economic Review World Scientific Publishing Company

BOOK REVIEW: "Working Smart and Small: The Role of Knowledge-based and Service Industries in Growth Strategies for Small States" edited by Mahvash Qureshi and Dirk Willem te Velde

TEO, ERNIE G. S.
The Singapore Economic Review , Volume 56 (03): 3 – Aug 1, 2011
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Publisher
World Scientific Publishing Company
Copyright
Copyright ©
Subject
Book Reviews
ISSN
0217-5908
eISSN
1793-6837
DOI
10.1142/S0217590811004286
Publisher site
See Article on Publisher Site

Abstract

The Singapore Economic Review, Vol. 56, No. 3 (2011) 455–457 © World Scientific Publishing Company DOI: 10.1142/S0217590811004286 BOOK REVIEW Working Smart and Small: The Role of Knowledge-based and Service Industries in Growth Strategies for Small States edited by Mahvash Qureshi and Dirk Willem te Velde, Commonwealth Secretariat, 2008. The World Bank describes “Small States” as a diverse group of sovereign developing countries mostly with a population of less than 1.5 million. The Commonwealth Secretariat uses population size, GNP and total arable land to construct a composite index to deter- mine the size of a state. With this definition, 32 Commonwealth countries are defined as small states; larger countries such as Jamaica and Papua New Guinea are also included as they exhibit small state characteristics such as remoteness, openness, income volatility and poverty. Small states are in a precarious position given the state of the world today. Other than having to deal with the economic downturn, they have to contend with competition from large emerging economies like China, India and Brazil, who can produce everything absolutely cheaper due to cost advantages. To quote Singapore’s Minister Mentor Lee Kuan Yew, “In a different world we need to find a niche for

Journal

The Singapore Economic Review – World Scientific Publishing Company

Published: Aug 1, 2011

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