“The book “Small States In A Global Economy: Crisis, Cooperation and Contributions” written by Professor Hilmar Þór Hilmarsson is informative and basically about a wide range of economic issues of Iceland and the Baltic States during pre, per and post 2008 financial crisis.Professor Hilmarsson has applied case study method in order to analyse various economic issues with the use of qualitative and quantitative data. In his writings, he has used his observation and experience of working for the World Bank for 12 years in three continents and working as a Special Advisor to the Minister for Foreign Affairs in Iceland. Besides, the author has used data provided by International Monetary Fund (IMF), World Bank, International Finance Corporation, European Union, Statistics Iceland etc. Besides, scholarly articles, books and e-mail etc. have been used as a valuable source for the writings.