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Debt and Development in SIDS: Issues, Institutions, and Insights

In: Debt and Development in Small Island Developing States

Author

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  • Damien King

Abstract

The claim often made by small island governments that they are naturally disadvantaged in the global economy appears not to have broad empirical support. Easterly and Kraay (2000) show that the growth rates of small states are no lower than, and controlling for other factors, their per capita GDPs are higher than, those of larger states. Rose (2006) concludes that small countries do not have systematically different outcomes for level of income, material well-being, health, education, and a number of other measures. While smallness appears not to create a disadvantage for standard of living in general, however, Small Island Developing States (SIDS) do show at least one economic malady that makes them stand out from their peers—relatively high levels of public debt.

Suggested Citation

  • Damien King, 2014. "Debt and Development in SIDS: Issues, Institutions, and Insights," Palgrave Macmillan Books, in: Debt and Development in Small Island Developing States, chapter 0, pages 251-265, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-39278-7_12
    DOI: 10.1057/9781137392787_12
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    Cited by:

    1. Mohan, Preeya S., 2022. "Climate finance to support Caribbean Small Island Developing States efforts in achieving their Nationally Determined Contributions in the energy sector," Energy Policy, Elsevier, vol. 169(C).
    2. Zakia Soomauroo & Philipp Blechinger & Felix Creutzig, 2020. "Unique Opportunities of Island States to Transition to a Low-Carbon Mobility System," Sustainability, MDPI, vol. 12(4), pages 1-18, February.

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