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Small state is a generic term for a small country, that has limited land, population, or resources. The term "small state" is similar to the term microstate or ministate, a sovereign state having a very small population or land area, usually both. However, the meanings of "state" and "very small" are not well-defined in international law. [2]
The Small Island Developing States (SIDS) are a grouping of developing countries which are small island countries and small states that tend to share similar sustainable development challenges. These include small but growing populations, limited resources, remoteness, susceptibility to natural disasters , vulnerability to external shocks ...
The countries designated as small states include some of the most and least developed nations, resource-rich and resource-scarce countries, and both island and landlocked states. The diversity of small states is significant, in terms of their circumstances, interests, policy priorities, and resources.
Small Island Developing States (a group of developing countries that are small island countries which tend to share similar sustainable development challenges: small but growing populations, limited resources, remoteness, susceptibility to natural disasters, vulnerability to external shocks, excessive dependence on international trade, and ...
These are more likely to be deemed a small state, which has been defined as a state of fewer than 1.5 million people, though some go as high as several million if the state has limited land area. The World Bank uses a threshold of 1.5 million people to describe a small state, and less than 200,000 for microstates. [10]
Despite its limited natural resources, Liechtenstein is one of the few countries in the world with more registered companies than citizens; it has developed a prosperous, highly industrialized free-enterprise economy and a financial service sector as well as a living standard that compares favourably with those of the urban areas of ...
Natural resource management is a discipline in the management of natural resources such as land, water, soil, plants, and animals—with a particular focus on how management affects quality of life for present and future generations. Hence, sustainable development is followed according to the judicious use of resources to supply present and ...
The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]