The forces of globalization have created a growing interdependence of the world’s economies. This trend is accompanied by an increase in interaction between states that are highly diverse in terms of geographic and demographic dimensions.
While the world’s attention is generally attributed to the political and economic policies of large countries such as the United States or China, significantly less consideration is given to the numerous smaller states that participate in the global economy. However, empirical evidence suggests that small countries are very engaged in the globalized, international environment.
This presentation reviews different scholarly perspectives on how small states are affected by fluctuations in the international political economy. More specifically, I will discuss whether smallness is an asset or a handicap for states.
Although it seems difficult to generalize on the effects of size, smallness appears to be beneficial to states in the industrialized world; while it tends to make developing countries more vulnerable to fluctuations in the global economy. In other words, size affects countries differently depending on their status in the international environment.
Léonie de Jonge, ’14
Major: International Relations
Sponsor: David Yamanishi