1. Economic Cooperation in the Northeast Asia
On the one hand, weaknesses of small countries such as Slovenia include: a weak position in international relations due to the lack of different kinds of power; lack of natural resources, labour and local factor conditions; an inability to realize economies of scale due to a small markets; limited financial funds and R&D capabilities, etc. On the other hand, strengths of small countries include: more easily achieved social (cultural and religious) cohesion, better implemented policies and more stable system; absence of responsibility for the international order which might be costly to large s...
- Word Count: 3602
- Approx Pages: 14
- Has Bibliography
- Grade Level: Undergraduate