Date: 9 March 2023
Time: 16:00 - 17:30 (Malta Time) / 11:00 - 12:30 (Barbados Time)
Venue: Online event (via Zoom)
Speakers: Dr DeLisle Worrell, Governor of the Central Bank of Barbados (retired), Prof. Lino Briguglio, Professor of Economics, University of Malta. Moderated by Dr Stefano Moncada, Director, ISSI.
The Islands and Small States Institute (ISSI) of the University of Malta is organising a webinar entitled "Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience". The event will be held on Zoom on 9 March 2023 at 16:00 (Malta Time) / 11:00 AST (Barbados Time) and is required. It will also be live-streamed on the .
The webinar will be delivered by with reference to his latest , published by Routledge in January 2023. It will also be addressed by Prof. Lino Briguglio, world-renowned economist, expert in Island and Small States Studies and former Director of the ISSI, and moderated by Dr Stefano Moncada, Director of the ISSI.
For further information, please see below and do not hesitate to contact us by sending an email.
About the Book:
"Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience" analyses and explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce. Among observations of interest is the fact that the devaluation of the local currency of a small nation makes the country worse off; even a currency that maintains its value is little more than a trophy, of little value if it is not readily convertible into US dollars. Also, that while government policies affect international competitiveness and a small country's growth prospects, more important is how governments use additional resources to improve the quality of health and educational services. Moreover, economic windfalls such as the discovery of mineral resources seldom bring prosperity commensurate with their economic value, and never in the short run.
About The Author Dr DeLisle Worrell:
Dr Worrell is a member of the Bermuda Financial Policy Council, the Bretton Woods Committee, Washington DC, and the College of Central Bankers, Federal Reserve Bank of Philadelphia. He was Governor of the Central Bank of Barbados 2009–17. Dr Worrell founded the Bank's Research Department in 1973, and he subsequently oversaw the establishment of its Banking Supervision and ¸£ÀûÔÚÏßÃâ·Ñ Technology Departments. Dr Worrell spent a decade on the staff of the International Monetary Fund from 1997, and he has had fellowships at Princeton and Yale Universities, the Smithsonian Institution and the Peterson Institute (both in Washington, DC), and the US Federal Reserve. Dr Worrell is the author of Small Island Economies: Structure and Performance in the English-speaking Caribbean Since 1970, and author or editor of several other economic titles and numerous articles on the open economy. His PhD in Economics is from McGill University, Montreal.
