Cyprus and the International Economy

ISBN-13: 9781349121885 / Angielski / Miękka / 1992 / 156 str.

Rodney Wilson

Opis

This is an evaluation of the external economic relations of the island of Cyprus involving trade, finance and tourism. Cyprus has an increasingly open economy, and a study of its external economic relations is, to a considerable extent, a profile of its modern development.

Spis treści

Part 1 Size and economic development, Cyprus - the case of a small island economy: the issues; the case of Cyprus; size and economic development; scale constraints on industrialization; the necessity of specialization; vulnerability with concentration. Part 2 The economic development of Cyprus under the British, 1878-1900: the questions; early English influence and the medieval period; the Ottoman inheritance; the British takeover; the tribute; grants in aid; taxation and fiscal questions; currency and trade issues; British expenditure policy; water, forestry and agriculture; social development and services; the early British occupation in retrospect. Part 3 The impact of the exogenous shocks of 1974 on Cypriot trade: objectives and scope; aggregate trade and balance of payments effects; export trends; export diversification; import trends; capital goods imports; terms of trade; direction of trade; export markets; import origin. Part 4 Cyprus and the European Community: the outlook for Cypriot membership; the European Community and Turkey; political concerns; the Association Agreement; the Customs Union Agreement; a rationale for Cyprus-European Community trade; a chronic trade deficit; integration with the European Community; the special trade relationship with Britain; a changing direction for European Community trade; prospects for trade with the European Community. Part 5 Offshore activity - the island as a services base for the Middle East: conceptual and economic issues; the footloose nature of services; prerequisites and complimentarities; confidence and uncertainties; locational pull factors; regional services poles; the offshore shipping companies; registration charges for offshore shipping; private benefits from offshore shipping; offshore banking activity; incentives for offshore banks; captive insurance companies; legal and professional services; foreign direct investment; a monitoring centre for the Middle East; the future for offshore business. Part 6 The impact of tourism on the economy of Cyprus: the context; the scope of the investigation; the contribution of tourist earnings to the balance of payments; the economics of tourist transportation; government revenue and expenditure on tourism; the spatial implications of tourist development; the temporal impact of tourism; income distribution and tourist development, part contents.