Development and Stabilization in Small Open Economies

1 Introduction;

Section A. Country, Regional and Comparative Studies: The Varieties of Economic Performance in SOEs

2 Human Development and Economic Stabilization: Comparative SOE Experiences; 3 Selected Country Experiences; 4 The Sources of Foreign Exchange in Caribbean and Central American Countries; 5 Economic Integration in the Caribbean

Section B. Monetary, Fiscal, Financial and Exchange Rate Policy in the Small Open Economy

6 A Policy Model for Stabilization and Growth in the Small Open Economy (SOE); 7 Targeting the Exchange Rate using Fiscal Policy to Adjust Aggregate Expenditure; 8 International Competitiveness with an Exchange Rate Anchor; 9 The Uses of Monetary Policy in SOEs; 10 Finance, Development and Stability in the Small Open Economy; 11 Currency Unions and Dollarization: the Obsolescence of the Currencies of SOEs

Section C: Tools and Practical Considerations for the Economic Policy Maker

12 A Model and Framework for Economic Policy Design and Implementation in SOEs; 13 Size Matters: Small Economies need Different Strategies for Stable Economic Development; 14 What's Wrong with Economics? The Limits of Economic Theory and Practice

Section D. Political Economy and Institutions

15 The Small Open Economy: Central Banking for the Real World; 16 Sovereignty, History, Geography, Technology and the Degrees of Freedom for Economic Policy; 17 Measuring Material Well-being ; 18 Globalization is not a Choice; it is a Statement about our World; 19 Practical Guidance for Policy Makers in Small Open Economies

Index