Investigates the issues surrounding the prospects of small countries in an integrated, globalized world. The contributors demonstrate that by entering the global arena or forming regional alliances, small countries do not "lose", and may even gain sovereignty in areas previously closed to them.

Investigates the issues surrounding the prospects of small countries in an integrated, globalized world. The contributors support the thesis that the new global environment does not represent a twilight for small countries, but recognize that the honeymoon has not been as comfortable as others had expected. They demonstrate that by entering the global arena or by consolidating into regional alliances, small countries do not "lose", and may even gain sovereignty in areas previously closed to them.

Introduction: Small countries in a globalized world - their honeymoon or twilight?. Part 1 The emergence and performance of small countries: Nations, conglomorates, and empires - trade-off between income and sovereignty
the economic performance of small versus large nations
main economic characteristics of small countries - some empirical evidence. Part 2 Transition of small central European countries: History of Czech economic and political alignments viewed as a transition
from monetary integration via monetary independence to a new integration?
enterprise sector restructuring in a small economy - the case of Slovenia. Part 3 Prospects of small countries in a globalizing world: Competitiveness of small countries
experiences of a small country's short stay in the EU - the case of Austria
the contribution of large, ("Western") multinations to the catching-up of small, ("Eastern") countries.