
An economist is indeed tempted to think of Ragusa as the “Adriatic Tiger “ of yesteryear, an early example of a small open economy with strong fundamentals, and to hypothesize further that, in analogy to the current consensus about what it takes to minimize the impact of external crises, these strengths also allowed Ragusa to mitigate the effects of the many external shocks and financial crises in Medieval Europe.





![Domenico Ghirlandaio: Zachariah in the Temple [detail]: Marsilio Ficino, Cristoforo Landino, Angelo Poliziano and Demetrios Chalkondyles (detail). Fresco. Santa Maria Novella, Cappella Tornabuoni, Florence, Italy. 1486-1490.](http://www.medievalists.net/wp-content/uploads/2012/05/ghirlandaio.jpg)


























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