He stressed the importance of the work programme on small economies, which were prevented by their size from taking advantage of world trade.

Firstly, through internal economies of scale, Such economies occur when production costs per unit of output depend inversely on the size of the firm, and not on that of the industry or sector as a whole.

The landlocked developing countries, facing multifaceted problems in their trade relations, were particularly vulnerable in terms of geography and the size of their economies.

Pacific island countries were particularly vulnerable to external economic environmental shocks because of their small size, isolation, location and the openness of their economies.

Some developing countries are set to match the economic size and growth, demographics, patterns of global demand and currency movements of the developed economies of today.

Together, the economies of China and India could be around twice the size of the eurozone economy. Over a longer time horizon, the entire GDP of the G 7 countries will be dwarfed by the major emerging economies rapid growth.

Of course, developing countries should not simply mimic developed economies tax systems. After all, no one size fits all approach exists, even among developing countries.

Its successful beginning in small African economies, however, has in the past created the image of quot a system for small economies quot the recent implementation of ASYCUDA in medium size economies such as Romania or the Philippines has helped to correct this, and the product is now better positioned.

Moreover, in developing a specific industry, the size and composition of domestic demand is also important because it allows benefits to be gained from economies of scale, thus facilitating competition with established firms in the industry where such economies are significant.

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See FTAA Trade Negotiations Committee, Guidelines or Directives for the Treatment of the Differences in the levels of Development and Size of Economies, FTAA.TNC 18, 1 November 2002.

Given their size and relative isolation, they are unable to achieve economies of scale or enter national and global value chains driven by large transnational corporations.

Because of the small size of their economies, their limited natural wealth and their dependence on a small number of commodities, small States were especially vulnerable to outside risks.

In general, they confirm that in these countries (as in Malaysia), price cost margins, firm size, economies of scale, capital intensity and presence of foreign investors are positively correlated with concentration.

Secondly, quot unorganized quot and quot unintegrated quot SMEs often fail to fully exploit dynamic external economies of scale. These economies take place when production costs per unit of output depend on the size of the sector or industry concerned, and not on that of any one enterprise.

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It was noted that there were considerable differences in the OFDI situation among the transition economies, depending on their size and geographical location. This made generalization difficult.

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And when it burst, the size of its country bubble is the size of the population.

In particular, small and medium size enterprises (SMEs) were the main contributors to national economies in terms of production and employment, and UNCTAD worked to improve their competitiveness by enhancing their productive capacity.

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