Building the Resilience of Small States



Author:
Commonwealth
Publisher:
Commonwealth
Publication Date:
26 August 2014
Tags:
Africa, Climate, International Organizations and Africa

The Commonwealth is strengthening a framework that supports small states to withstand economic shocks and natural disasters. Small states face a unique set of development challenges posed by their small size.  They are highly dependent on international trade and tourism for their economy and have high transport and communication costs. They are also highly vulnerable to the impact of external shocks including climate change, and global events such as the 2008 economic recession, which impacted their economy and society at a level unseen in larger economies.