Many small, developed economies - countries with populations of less than around 15 million people - have performed strongly over the past half century. This success is partly due to these countries taking advantage of globalisation to overcome the limitations of small domestic markets, as well as to deliberate economic strategy. However, the world is changing significantly - for example, the increased emphasis on bilateral and regional rather than mutilateral approaches, as well as the likelihood of increased risk and turbulence in the global economy. This will create a more challenging environment for the governments of small countries. At the same time, small countries have advantages - such as the potential to act in a relatively coherent manner - that may better position these countries to prosper in a more complex environment. David will discuss the challenges and opportunities that small countries will face over the coming decade, and some of the priorities for action for small country governments.
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Dr David Skilling, Senior Fellow, McKinsey Global Institute, Associate Principal, McKinsey & Company's Public Sector Practice
- Tuesday, 15 February 2011
- 12.15 p.m. - 1.30 p.m.
Seminar Room 3-1
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road