| | PROBLEMS OF MODERN ECONOMICS, N 1 (53), 2015 | | SOCIO-ECONOMIC DEVELOPMENT IN FOREIGN COUNTRIES | | Efimova E. G. Chair of World Economics, Department of Economics, St. Petersburg State University, PhD (Economics), Professor Kuznetsova N. P. Chair of Risk Management and Insurance, Department of Economics, St. Petersburg State University, PhD (Economics), Professor
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| The article discusses specific feature of economic development and the present-day business-status of ultra-small territories in the economical and historical context of small economies classification. The authors focus on small countries of Western Europe as well as Еland and Faroe Islands that a parts of Northern countries. These small countries and ultra-small territories are now transforming in what is called "competitive sub-peripheries" | Key words: small country, ultra-small territory, autonomous region, competitive periphery, regional politics of the European Union | Pages: 277 - 284 |
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