Economic Development in Small States

Tarmo Kalvet, Senior Research Fellow, Tallinn University of Technology, Tallinn, Estonia

The seminar discusses if small states can be considered weak states. Further, successes/failures of small states in the world economy are looked at. Two major schools of thought are elaborated – democratic corporatism and the concept of vulnerability and resilience. Finally, changes in the international economy and challenges to existing theories are discussed.

Reading materials:

1) Handel, M.I. 1981. Weak States in the International System. London: F. Cass. 149-183.

2) Kattel, R., T. Kalvet and T. Randma-Liiv. 2010. Small States and Innovation. In: R. Steinmetz and A. Wivel (eds.) Small States in Europe: Challenges and Opportunities. Aldershot: Ashgate, 65-86.