September 29, 2016

The Blue Economy and Small States

Publisher: Commonwealth Secretariat

Authors: Ahmed Ali, Julian Roberts

Language: English

The ocean is an essential part of the world economy - from the uses made of ocean space, the social and economic values we attach to it, the important goods and services it supplies, to the activities it supports. Many small island developing states have jurisdiction over globally significant ocean areas, which typically far exceed their terrestrial footprint and are therefore dependent to a large extent on ocean resources and the sectors they support. Coastal and island nations, both large and small, are increasingly looking to their marine waters to bolster slowing growth in their terrestrial economies by exploring new opportunities for investment and employment.