On the Edge of the Global Economy

On the Edge of the Global Economy contends that despite growing global economic integration, some nations continue to be disadvantaged by remoteness, low connectivity, a small-scale economy and low population density. The book concludes that these economies may nonetheless have significant potential, for example through offering an attractive natural environment, a pleasant climate, various types of niche production and customised services that can lure footloose firms and mobile workers. The contributors review the issues and assess the empirical evidence regarding the various opportunities and challenges facing small remote economies in the global economy. They find that locality and proximity still matter, but that the global economic configuration also offers new opportunities to peripheral nations. Expanding the literature on a somewhat neglected aspect of globalisation, this book will be of great interest to economists, geographers and other researchers specialising in globalisation and related topics. In addition, it will be very useful to policy makers in small remote economies.