Globalization and the Small Open Ecomy investigates the specific role of small open countries in a globalizing ecomic system and assesses the unique pressures and opportunities afforded them by globalization. Traditionally, in contrast to large countries, small open ecomies (SOEs) have relied on international ecomic policy rather than domestic policy as a means to foster national ecomic development. Their firms also have a far greater reliance on host countries to gain competitive advantage than those of larger nations. This would suggest that globalization has potentially a far greater impact on SOEs than on large countries. The contributors to this volume concur with this view and seek to outline the challenges and opportunities faced by policymakers and managers of multinational enterprises from SOEs. They examine the role of government, environmental policy, inward and outward foreign direct investment and multinational management and conclude that, on balance, globalization provides more of an opportunity than a threat to ecomic growth in these countries. An invative set of papers with fresh insights on the present and future role of small, open countries in the global ecomy. This should be an important new reference source for academics and students, public policy research institutes, international business scholars and trade ecomists.
Edited by Daniel Van Den Bulcke, formerly University of Antwerp, Belgium and Alain Verbeke, McCaig Chaired Professor in Management, Haskayne School of Business, University of Calgary, Canada, Associate Fellow, Centre for International Business and Management, Judge Business School, University of Cambridge, UK and Solvay Business School, University of Brussels (VUB), Belgium