Long-Term Economic Growth in the World's Smallest Economies

This book investigates the historical, political, and economic circumstances of the world's smallest economies as key determinants influencing their economic growth and development. A historical survey of the global economy provides an introduction to the history of the world's smallest economies, which are examined based on their shared historical characteristics (colonialism, socialism and independence). In addition to historical factors, the reasons are sought in the political systems, especially the political regimes of the countries under study, as well as in the intensity of their integration with the global economy through membership in international organisations. The majority of the book is dedicated to economic aspects, which have been studied for nearly fifty years. This includes an investigation into the factors influencing GDP and GDP per capita fluctuations across all countries. To assess levels of socio-economic development and quality of life, the Human Development Index was employed as a means of assessment.

This book is addressed to students and scholars engaged in research or with an interest in economic history, political systems, international relations, and the

growth and economic development of the world's 93 smallest economies, generating 1% of global GDP.

Examines the economic development of the world's smallest economies and the conditions that define their growth Highlights how resources and economic power came to be centered in certain parts of the world Shows how the world's smallest economies fit into global economic and political systems

Autorentext

Dr. Aneta A. Teperek (www.osew.org) is a postdoctoral graduate of the Polytechnic University of Leiria in Portugal and holds a PhD in social sciences from the Warsaw School of Economics. She is a Fellow of the Wharton School at the University of Pennsylvania and has completed executive business programs at Harvard Business School and Copenhagen Business School. The acquired knowledge in economics and business provided her with a solid theoretical foundation, enabling her to pursue two parallel paths: academic research and business practice. In her academic research she has concentrated on the economic development of the world's smallest economies, collectively generating 1% of global GDP. This topic has been the focus of her doctoral dissertation, postdoctoral research and several publications, including three books. Simultaneously, she has actively pursued a business path, as the founder and Chief Executive Officer of seversl successful start-ups specializing in IT consulting, real estate development, and international trade.

Inhalt

Introduction.-

Section I.-

1. Global Socio-Economic Processes of Countries in the Pre-Pandemic Era.- 2. The World's Smallest Economies in the Global Economy.- Section II.- 3. Historical conditions of the world's smallest economies, and modern times.- 3.1. From the colonial past to formal independence.- 3.2. From socialism to independence.- 3.3. The autonomy of the smallest Independent economies in the world.- Section III.- 4. Impact of the political system on the economic development of the world's smallest economies.- Section IV.- 5. Role of International organizations in the economic development of the world's smallest economies.- Section V.- 6. Economic growth and development factors.- 7. Fluctuations of economic potential of the world's smallest economies from 1970 to 2019.- 8. Discrepancy in the level and growth of economic development of the world's smallest economies

   between 2000 and 2019.- 9. Contribution economic sectors to GDP formation in the world's smallest economies.- Section VI.- 10. Economic growth, and improvements in living standards in the world's smallest economies.- Summery.- Bibliography.- Online Publications.