CiNii Books - Cyprus and the international economy

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. Living standards are now higher then in mainland Greece, despite the partition of the island following the Turkish invasion of 1974. This is partly a consequence of the growth of tourism, though offshore companies have also made a significant contribution. Manufactured exports are now more significant than traditional agricultural produce, and Cyprus has a customs union agreement with the European Community. Yet this economic success brings its own worries, especially over environmental deterioration. The question of partition also remains unresolved.

Table of Contents

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.

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Cyprus and the international economy

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