Overview

In an era of globalisation, no country can be an island disconnected from the rest of the world and small states are now integrated in the global economy. The analysis in this book shows that the experiences of small states can be valuable for other countries but at the same time, small states can be vulnerable. This book discusses several issues that are of global importance and analyses how small states are affected, why they can be vulnerable and how their experiences can be beneficial globally, including for larger states. The issues discussed include the 2008 global economic and financial crisis; governance issues and vulnerabilities in small states with small institutions and limited administrative capacity; international development cooperation; and how small states can contribute to the global transition to clean energy. Each chapter is a case study.

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9781634630320

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Hilmar por Hilmarsson is a Professor at the University of Akureyri, School of Business and Science, Iceland. Dr. Hilmarsson teaches courses on international business and macroeconomics. He received his cand. oecon. degree in Economics from the University of Iceland in 1987, an MA in Economics from New York University in 1989, and a Ph.D. in public administration and economic development from the American University in Washington, D.C. in 1992. He served as a Specialist and Coordinator with the World Bank Group in Washington D.C. from 1990 to 1995, at the World Bank office in Riga from 1999 to 2003 and the World Bank office in Hanoi from 2003 to 2006. From 1995 to 1999 he served as a Special Advisor to the Minister for Foreign Affairs in Iceland. Dr. Hilmarsson has published over 50 scholarly articles and book chapters and has lectured and made presentations in more than 30 universities mainly in Europe and the USA. He has travelled to about 60 countries. He was a Visiting Professor at Stockholm School of Economics in Riga during the fall semester 2013, a Visiting Scholar at the University of Washington in Seattle in the spring semester 2014 and a Visiting Professor at Cornell University during the fall semester 2015. Dr. Hilmarsson is a Visiting Scholar at the University of California, Berkeley during the fall semester 2016.

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