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9780850928105

Beautiful But Costly Business Costs in Small Remote Economies

by ;
  • ISBN13:

    9780850928105

  • ISBN10:

    0850928109

  • Format: Paperback
  • Copyright: 2004-01-01
  • Publisher: Commonwealth Secretariat
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List Price: $115.14

Summary

There are potential commercial disadvantages of smallness in the global economy due to the excessive cost of international transactions for small and remote countries and the excessive costs of non-traded inputs into efficient industries. This implies that very small economies might lack sufficient absolute comparative advantage for trade ' i.e. have no good or service which they can export competitively. In this case, free trade will lead to no trade.

Table of Contents

Executive Summary vii
1 Introduction 1(2)
2 The Conceptual Building Blocks 3(17)
2.1 Economic Theory: When Comparative Advantage is Not Enough
3(5)
2.2 The Approach
8(1)
2.3 Defining Economic Size
9(6)
2.4 Size and Location: A Fundamental Dilemma
15(3)
2.5 About this Report
18(2)
3 The Business Cost Data 20(9)
Annex 3.1
25(4)
4 The Costs of Smallness 29(79)
4.1 Airfreight
29(10)
4.2 Seafreight
39(7)
4.3 Labour Market
46(16)
4.3.1 Nominal Wages in US dollars
46(7)
4.3.2 Availability of Workers
53(6)
4.3.3 Manufacturing Labour Costs
59(3)
4.4 Utilities
62(31)
4.4.1 Telephone
62(11)
4.4.2 Electricity
73(8)
4.4.3 Water
81(9)
4.4.4 Fuel
90(3)
4.5 Passenger Air Travel Costs
93(3)
4.6 Land
96(5)
4.7 Conclusion
101(3)
Annex 4.1
104(2)
Annex 4.2
106(2)
5 Costs in Three Example Industries 108(31)
5.1 The Input-Output Data
108(9)
5.2 The Cost Disadvantage Factors
117(3)
5.3 Defining Cost Inflation Factors and Income Penalties
120(2)
5.4 Cost Inflation and Income Penalties: The Estimates
122(6)
Annex 5.1: GTAP Definitions
128(11)
6 Smallness and Policy 139(19)
6.1 Bank Interest Rates
139(6)
6.2 Corporate Taxes
145(4)
6.3 Import/Export Duties
149(7)
6.4 General Indirect Taxes and Budget Deficits
156(1)
6.5 Conclusion
156(2)
7 Conclusion 158(3)
References 161(2)
Appendix 1: Survey Questionnaire 163
A. Basic Information
164(1)
B. General Economic Data
165(2)
C. Labour Market Data
167(6)
D. Information on Utilities and Fuel
173(4)
E. Cost of Land
177(1)
F. Government and Taxation
178(1)
G. Transportation Costs
179(1)
H. Banking and Financial Sectors
180

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