Beautiful but Costly
Business Costs in Small Remote Economies, Economic Paper 67
Paper: 978 0 85092 810 5
Price: $22.50  

Publisher: Commonwealth Secretariat
June 2005 , 250 pp., 6 1/4" x 9 1/2"
Series: Economic Paper Series
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.



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