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Microstates And Subnational Regions: Mutual Industrial Policy Lessons

Author

Listed:
  • Harvey W. Armstrong

    (University of Sheffield)

  • Robert Read

    (The Management School, Lancaster University)

Abstract

Small nation-states and subnational regions share many similarities in terms of the challenges faced in implementing successful industrial policies. Globalization and the emergence of supranational organizations such as the European Union are also making the two sets of entities much more similar over time. This article argues that recent research advances are revealing that policy makers in small nations and regions can share important policy lessons. In particular, extensive recent research on industrial clusters, the determinants of economic growth, and new regional governance structures is generating a number of important policy lessons. The mutual lessons being exposed by this research suggest strategic policy stances for smaller nation-states and regions that significantly differ from those of larger countries and industrial giant regions.

Suggested Citation

  • Harvey W. Armstrong & Robert Read, 2003. "Microstates And Subnational Regions: Mutual Industrial Policy Lessons," International Regional Science Review, , vol. 26(1), pages 117-141, January.
    • Handle: RePEc:sae:inrsre:v:26:y:2003:i:1:p:117-141
    DOI: 10.1177/0160017602238989
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    References listed on IDEAS

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    Cited by:

    1. Read, Robert, 2004. "The Implications of Increasing Globalization and Regionalism for the Economic Growth of Small Island States," World Development, Elsevier, vol. 32(2), pages 365-378, February.
    2. Daniel Felsenstein & Boris Portnov, 2005. "Critical Surveys Edited by Stephen Roper Understanding regional inequalities in small countries," Regional Studies, Taylor & Francis Journals, vol. 39(5), pages 647-658.
    3. Silvia Simon, 2006. "Ist Liechtensteins Entwicklung zukunftsfähig?," Beitraege 35, Liechtenstein-Institut.
    4. Chuan Li & Joyce Wong, 2018. "Financial Development and Inclusion in the Caribbean," IMF Working Papers 2018/053, International Monetary Fund.

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