Small states, often island or enclaves, frequently make news headlines because of their economic or political instabilities: the ‘failed state’ of the Solomon Islands, the imminent collapse of Nauru, the crisis of East Timor, and ethnic tensions and coups in Fiji are but recent examples. Small jurisdictions are also sometimes accused of being ‘modern day pirates’, bent on distorting international financial rules or operating on the margins of the financial system by creating offshore financial centres (OFCs) and attracting ‘unscrupulous’ sources of funds (Economist, 2007). Aside from these examples, however, there are many other small developing states that have made a successful transition to modernity, with quite envious standards of living and decent quality of life.
- Gross Domestic Product
- Small Island
- Small State
- Trust Fund
- Marshall Island
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Laws are generally found to be nets of such a texture as the little creep through, the great break through and middle-sized alone are entangled in.
William Shenstone (1714–63), Essays on Men, Manners, and Things
I would like to thank Nicola Hypher for useful comments on earlier drafts of this paper.
This is a preview of subscription content, access via your institution.
Unable to display preview. Download preview PDF.
Anckar, D. (2004) ‘Direct Democracy in Microstates and Small Island States’, World Development 32 (2): 379–90.
Anckar, D.A.G. (2002) ‘Why are Small Island States Democracies?’, Round Table 365(1): 375–90.
Baldacchino, G. (1993) ‘Bursting the Bubble: The Pseudo-Development Strategies of Micro-State’, Development and Change 24 (1): 29–51.
Baldacchino, G. (2000) Lessons from the Political Economy of Small Islands: The Resourcefulness of Jurisdiction (Houndmills, UK: Macmillan Press).
Baldacchino, G. (2005) ‘The Contribution of Social Capital to Economic Growth: Lessons from Island Jurisdictions’, Round Table 94 (378): 31–46.
Baldacchino, G. (2006) ‘Innovative development strategies from non-sovereign island jurisdictions? A global review of economic policy and governance practices’, World Development 34 (5): 852–67.
Baldacchino, G. and R. Greenwood (1998) Competing Strategies of Socio-economic Development for Small Islands (Charlottetown, PEI: Island Studies Press).
Baldacchino, G. and D. Milne (2000) Lessons from the Political Economy of Small Islands (Houndmills, UK: Macmillan Press).
Bertram, G. (1999) ‘The MIRAB Model Twelve Years On’, The Contemporary Pacific 11(1): 105–38.
Briguglio, L. and E.J. Kisanga (eds) (2004) Economic Vulnerability and Resilience of Small States (Malta and London: Islands and Small States Institute of University of Malta/Commonwealth Secretariat).
Briguglio, L., G. Cordina and E.J. Kisanga (eds) (2006) Building the Economic Resilience of Small States (Malta and London: Islands and Small States Institute of University of Malta/Commonwealth Secretariat).
Chang, H.J. (2002) Kicking Away the Ladder: Development Policy in Historical Perspective (London: Anthem Press).
Commonwealth Secretariat (1985) Vulnerability: Small States in the Global Society: Report of a Commonwealth Consultative Group (London: Commonwealth Secretariat).
Commonwealth Secretariat (1997) A Future for Small States: Overcoming Vulnerability: Report by a Commonwealth Advisory Group (London: Commonwealth Secretariat).
Commonwealth Secretariat and World Bank (2000) Small States: Meeting Challenges in the Global Economy: Report prepared for the Commonwealth Secretariat/World Bank Joint Task Force on Small States (Washington, DC: Commonwealth Secretariat/World Bank).
Crowards, T. (2002) ‘Defining the category of small states’, Journal of International Development 14 (2): 143–79.
Davenport, M. (2002) Alternative Special and Differential Arrangements for Small Economies (London: Commonwealth Secretariat).
Dharmapala, D. and J.R. Hines (2007) Which Countries Become Tax Havens?, American Law and Economics, Association Annual Meetings, Paper 48.
Drezner, D.W. (2001) ‘Sovereignty for Sale’, Foreign Policy (126): 76–7.
Economist (2007) ‘Offshore and beyond the pale: Financial centres’, 24 February.
Field, Michael J. (1997) ‘Tuvalu Joining Passport Sale Business’, Agence France Presse, 31 October.
Finn, Gerard A. (2002) ‘Small is Viable’, Pacific Magazine, July, http://www.pacificmagazine.net/issue/2002/07/01/small-is-viable, accessed 25 November 2008.
Gaither, Chris (2001) ‘For a Tiny Pacific Nation, Its Domain Is Its Treasure’, New York Times, 16 July.
Gillett, R.D. (2001) Tuna, a Key Economic Resource in the Pacific Islands: A Report Prepared for the Asian Development Bank and the Forum Fisheries Agency (Manila: Asian Development Bank).
Gillett, R. and C. Lightfoot (2001) The Contribution of Fisheries to the Economies of Pacific Island Countries, Report prepared for the Asian Development Bank, the Forum Fisheries Agency and the World Bank (Manila: Asian Development Bank).
Graham, B. (2005) ‘Trust Funds in the Pacific: Their Role and Future’, Pacific Studies Series (Manila: Asian Development Bank).
Greenpeace (2002) ‘Aid for Votes Greenpeace Briefing’, http://whales.greenpeace.org/, accessed on 26 August 2008.
Grynberg, R. and S. Silva (2007) ‘Preference-dependent economies in the Doha round: impacts and options’ in S. Bilal and R. Grynberg, (eds), Navigating New Waters: A reader on ACP-EU trade relations (London: The Commonwealth Secretariat).
Hampton, M.P. and J. Christensen (2002) ‘Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance’, World Development 30 (9): 1657–73.
Hudson, A.C. (1998) ‘Placing trust, trusting place: on the social construction of offshore financial centres’ Political Geography 17 (8): 915–37.
Ingebritsen, C., I. Neumann, S. Gstöhl and J. Beyer (eds) (2006) Small States in International Relations (Seattle and Reykjavik: University of Iceland Press/University of Washington Press).
Ishizuka, K. (1999) ‘Fiji: A micro-state and its peacekeeping contribution’, Peacekeeping and International Relations 28 (3): 18–21.
Kakazu, H. (1994) Sustainable Development of Small Island Economies (Oxford: Westview Press).
Klikauer, T. and R. Morris (2001) ‘Crews of Convenience from the South West Pacific: The “German” Sailors of Kiribati’, New Zealand Journal of Industrial Relations 26 (2): 185–98.
Knapman, B., M. Ponton and C. Hunt (2002) Tuvalu: 2002 Economic and Public Sector Review (Manila: Asian Development Bank).
McCarthy, I. (1979) ‘Offshore Banking Centers: Benefits and Costs’, Finance and Development 16 (4): 45–8.
Nero, K.L., F. Brel Murray and M.L. Burton (2000) ‘The Meanings of Work in Contemporary Palau: Policy Implications of Globalization in the Pacific’, Contemporary Pacific 12 (2): 319–48.
Omni (1994) ‘Chutzpah in orbit: Meet the new power in the telecommunication’, 16(11): 20.
Osieke, E. (1979) ‘Flags of Convenience Vessels: Recent Developments’, American Journal of International Law 73 (4): 604–27.
Pacific Islands News Association (2001) ‘Millions through Passport Sales, says Kiribati’, 5 February.
Palan, R. (2003) ‘Tax Havens and the Commercialization of State Sovereignty’, International Organization 56 (1): 151–76.
Prasad, N. (2003) ‘Small islands’ quest for economic development’, Asia-Pacific Development Journal 10 (1): 47–67.
Prasad, N. (2004) ‘Escaping Regulation, Escaping Convention: Development strategies in small economies’, World Economics 5 (1): 41–65.
Prasad, N. and S. Raj (2006) ‘The Perils of Unmanaged Export Growth: The Case of Kava in Fiji’, Journal of Small Business and Entrepreneurship 19 (4): 381–94.
Price, M. (1999) ‘Satellite broadcasting as trade routes in the sky’, Public Culture 11 (2): 387–403.
Reinert, E. (2007) How Rich Countries Got Rich … and Why Poor Countries Stay Poor (London: Constable).
Rodrik, D. (2001) The Global Governance of Trade: As if Development Really Mattered (New York: United Nations Development Programme).
Sanders, R. (2002) ‘The fight against fiscal colonialism: the OECD and small jurisdictions’, Round Table 365 (1): 325–48.
Sheehan, Genevieve (2002) ‘Tuvalu Little, Tuvalu Late: A country goes under’, Harvard International Review 24(1): 11–12.
Srebrnik, H. (2004) ‘Small Island Nations and Democratic Values’, World Development 32 (2): 329–41.
UNDP (2006) UNDP Barbados, Country Profiles: Antigua and Barbuda, ‘Introduction’, http://www.bb.undp.org/index.php?page=antigua-barbuda, accessed on 27 May 2008.
Winters, L.A. and P. Martins (2004) Beautiful but Costly: Business Costs in Small Economies (London: Commonwealth Secretariat).
Woodward, R. (2006) ‘Offshore Strategies in Global Political Economy: Small Islands and the Case of the EU and OECD Harmful Tax Competition Initiatives’, Cambridge Review of International Affairs 19 (4): 685–99.
World Bank (2007) World Development Indicators (Washington, DC: World Bank).
Editors and Affiliations
© 2009 Naren Prasad
About this chapter
Cite this chapter
Prasad, N. (2009). Small but Smart: Small States in the Global System. In: Cooper, A.F., Shaw, T.M. (eds) The Diplomacies of Small States. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230246911_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36563-0
Online ISBN: 978-0-230-24691-1
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)