May 1998 This model shows that a microstate's decision to form, expand, or join a regional organization is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration. Forming a regional grouping with neighboring nations may be one way for microstates to overcome a major problem: Because of their weak bargaining power and high fixed costs of negotiation, microstates are at a severe disadvantage in dealing with the rest of the world. They don't have the human and physical resources to unilaterally conduct the various bilateral and multilateral negotiations a developing nation typically conducts. Andriamananjara and Schiff present a model in which the decision to form, expand, or join a regional club is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration (which might be miniscule for a microstate and might even generate welfare losses). Under various conditions for entry, the model is used to determine the equilibrium group size, which is shown to be positively correlated with the number of issues to be tackled, the degree of similarity among countries, and the per-issue costs of international negotiation. They use the case of the Caribbean Community (CARICOM) to show the model's relevance in the real world. The countries that belong to CARICOM pooled their negotiating resources and formulated common policy stances. Despite its relatively limited impact on trade and investments, CARICOM served as a political instrument in joint negotiations on trade and investment with larger countries and regional trade blocs. By establishing a union, the CARICOM countries succeeded in making their voices heard on a variety of issues in a way none of them could have done alone. This paper-a product of the Development Research Group-is part of a larger effort in the group to examine the economics of regionalism and development. Maurice Schiff may be contacted at [email protected].

This model shows that a microstate's decision to form, expand, or join a regional organization is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration. Forming a regional grouping with neighboring nations may be one way for microstates to overcome a major problem: Because of their weak bargaining power and high fixed costs of negotiation, microstates are at a severe disadvantage in dealing with the rest of the world. They don't have the human and physical resources to unilaterally conduct the various bilateral and multilateral negotiations a developing nation typically conducts. Andriamananjara and Schiff present a model in which the decision to form, expand, or join a regional club is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration (which might be miniscule for a microstate and might even generate welfare losses). Under various conditions for entry, the model is used to determine the equilibrium group size, which is shown to be positively correlated with the number of issues to be tackled, the degree of similarity among countries, and the per-issue costs of international negotiation. They use the case of the Caribbean Community (CARICOM) to show the model's relevance in the real world. The countries that belong to CARICOM pooled their negotiating resources and formulated common policy stances. Despite its relatively limited impact on trade and investments, CARICOM served as a political instrument in joint negotiations on trade and investment with larger countries and regional trade blocs. By establishing a union, the CARICOM countries succeeded in making their voices heard on a variety of issues in a way none of them could have done alone. This paper - a product of the Development Research Group - is part of a larger effort in the group to examine the economics of regionalism and development.

This invaluable collection compares the relatively unsuccessful economic development of Subsaharan Africa with that of the successful Asian economies, especially the Asian 'tigers'. It covers three main areas of comparison: the lessons for Africa from the Asian experience; secondly, the comparisons of various aspects of economic development in Africa and Asia; and finally, convergence: how far the laggard economies are catching up with, or diverging away from, each other.

Small states should pursue unilateral and multilateral trade liberalization, and members of the African, Caribbean, and Pacific (ACP) group should expand reciprocal agreements with the European Union (Cotonou Agreement) to the entire OECD. They should also intensify South-South regional cooperation in the area of regional public goods.

'This wonderful volume offers a timely and important look at competition policy where it is changing the most – developing countries pursuing regional agreements. It provides superb analytical discussions of the impact of regional competition policy integration, why developing states have pursued this strategy, and the extent to which it is meeting their needs. the editors have assembled a superb roster of experts, so it is not a surprise that the book recommendations are insightful, and deserving of attention from policy makers.' – Andrew Guzman, Berkeley Law School, US This book presents a detailed study of the interface between regional integration and competition policies of selected regional trade agreements (RTAs), and the potential of regional competition laws to help developing countries achieve their development goals. the book provides insights on the regional integration experiences in developing countries, their potential for development and the role of competition law and policy in the process. Moreover, the book emphasizes the development dimension both of regional competition policies and of competition law. This timely book delivers concrete proposals that will help to unleash the potential of regional integration and regional competition policies, and also help developing countries to fully enjoy the benefits deriving from a regional market. Bringing together analysis from well-known scholars in the developed world with practical insight from scholars in countries hoping to exploit the potential of competition law, this book will appeal to academics working in the field of competition law, practitioners, policy makers and officials from developing countries, as well as those in development organizations such as UNCTAD.

Why are small states statistically more likely to have a democratic political system? By addressing this question from a qualitative and comparative methodological angle, this book analyses the effects of a small population size on political competition and participation. By comparing the four microstates of San Marino (Europe), St. Kitts and Nevis (Caribbean), Seychelles (Africa), and Palau (Oceania), it provides fresh and stimulating insight, concluding that the political dynamics of microstates are not as democratic as commonly believed. Instead, it is found in all four cases that smallness results in personalistic politics, dominance of the political executive, patron-client relations between citizens and politicians, and the circumvention of formal political institutions. In addition, the book suggests that the study of formal institutions provides an incomplete image of microstate democracy and that informal characteristics of politics in microstates also need to be explored in order to better explain the influence of smallness on democracy. This book will be of key interest to scholars and students of democracy, democratization, regional and decentralization studies and comparative politics.

At a time when nearly all armed conflicts are related to self-determination, and frequently to claims for secession, this meticulous study examines the legal issues at stake in the light of the existence of European micro-States: Liechtenstein, San Marino, Monaco, Andorra and the Vatican City. Jorri Duursma makes a thorough analysis of the true origins, meaning and faults of the modern right of self-determination, asking fundamental questions: What constitutes a people with a right to self-determination? How small a people has this right? Who are allowed to secede? What is a state according to international law? Jorri Duursma's book provides an up-to-date and informed account of these important issues which also draws on recent experiences in Eastern Europe and Yugoslavia. It is the first book to provide a thorough international legal account of the European micro-states, and develops a novel approach to the problems of fragmentation.

The first part of this book contains a selection of articles written over five decades. The second part includes a selection of legal opinions written between 1962-1965, when the author was working in the legal department of Israel's Ministry of Foreign Affairs. An appendix reproduces a letter on anti-Semitism at the United Nations, sent by the author in his capacity as Israel's Ambassador and Permanent Representative to the UN and addressed to the UN Secretary-General. The author's varied career, as a leading academic and high-ranking diplomat, offers a unique perspective on many aspects of international law, ranging from constitutional problems of the UN Charter to the Arab-Israel conflict. The author has chosen to reproduce all these writings in their original form, while being acutely aware that significant changes have occurred in many fields of international law in the intervening period. This he has done consciously in the belief that preserving his writings unchanged will, not only indirectly, attest to the fundamental shifts in many areas of international law, not all of which meet with his approbation.