September 30, 2016
The Blue Economy and Small States
Publisher(s): Commonwealth Secretariat
Author(s): Julian Roberts, Ahmed Ali
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.