Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/15818
Title: A fresh consideration of development strategies for smaller island states and territories
Other Titles: Chapter 5 : A fresh consideration of development strategies for smaller island states and territories
Authors: Baldacchino, Godfrey
Keywords: Island ecology
Environmental management
Sustainable development
Environmental sciences
States, Small -- Economic conditions
Issue Date: 2011
Publisher: Springer
Citation: Baldacchino, G. (2011). A fresh consideration of development strategies for smaller island states and territories. In G. Baldacchino, & D. Niles (Eds.), Island Futures: conservation and development across the Asia-Pacific region (pp 53-72). Tokyo: Springer.
Abstract: Much of the literature on the development prospects of small, often island, ­jurisdictions is steeped in pessimism, driven by a serious concern as to the ability of such players to exploit the opportunities of an increasingly globalised world and its emergent liberalised trade rules (e.g. Briguglio 1995: 1615–1620; Encontre 1999: 265; UNCTAD 2004; WTO 1999). It is common to argue that small size, islandness, vulnerability, and a low governance capacity conspire to exacerbate the existing marginalisation of small economies, and is a condition which therefore justifies calls for special treatment. These arguments, however, “… are by no means uncontentious, and are part of an ongoing debate” (Horscroft 2005: 41). This paper aligns itself with a more optimistic view of the prospects for these territories and their citizens, who continue to exploit opportunities and maximise economic gains in a turbulent and dynamic external environment (e.g. Streeten 1993; Easterly and Kraay 2000; Page and Kleen 2004: 82, 89–90). Unable to reap economies of scale, they practice economies of scope. They do so also by keeping alive a portfolio of skills and revenue streams which enables these actors to migrate both inter-sectorally, as well as trans-nationally.
URI: https://www.um.edu.mt/library/oar//handle/123456789/15818
Appears in Collections:Scholarly Works - FacArtSoc

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