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Island political economy

Author

Listed:
  • Geoffrey Bertram

    (Victoria University of Wellington)

  • Bernard Poirine

    (GDI - Gouvernance et développement insulaire - UPF - Université de la Polynésie Française)

Abstract

In this chapter we build on the observation that island economies, and especially small ones (population below one million), exhibit a remarkably wide range of economic structures built on a correspondingly wide range of development strategies. Common elements of "islandness" may serve to define island economies as a general class, but there clearly exist several distinct "species" within that class, and a corresponding menu of strategic options open to islander communities in relation to the terms of their incorporation into the global economy. The chapter has two important messages. First, there is no unique path to development. Second, in small economies, the social capital and "institutions" emphasized in the recent development literature (Hall & Jones, 1999; Acemoglu et al., 2002; Rodrik et al., 2004) have to be understood as incorporating the ability to achieve and sustain community-wide strategic consensus around a particular development specialization, along with sufficient flexibility to switch to alternatives as and when the field of external opportunities changes.

Suggested Citation

  • Geoffrey Bertram & Bernard Poirine, 2007. "Island political economy," Post-Print hal-00974441, HAL.
    • Handle: RePEc:hal:journl:hal-00974441
    Note: View the original document on HAL open archive server: https://hal.science/hal-00974441
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    Cited by:

    1. Natalia Zugravu-Soilita & Vincent Geronimi & Jessy Tsang & Christine Le Gargasson, 2020. "Promoting heritage for a sustainable development: the case of tourism in the island economies [Promouvoir le patrimoine pour un développement soutenable : le cas du tourisme dans les économies insu," Post-Print hal-03709168, HAL.
    2. Jean-François Hoarau, 2021. "État des lieux, menaces et perspectives futures pour le tourisme à La Réunion : un regard macroéconomique," Post-Print hal-03546567, HAL.
    3. Amélie Charles & Olivier Darné & Jean-François Hoarau, 2019. "How resilient is La Réunion in terms of international tourism attractiveness: an assessment from unit root tests with structural breaks from 1981-2015," Applied Economics, Taylor & Francis Journals, vol. 51(24), pages 2639-2653, May.
    4. Jean-François Hoarau, 2022. "Is international tourism responsible for the outbreak of the COVID-19 pandemic? A cross-country analysis with a special focus on small islands," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(2), pages 493-528, May.
    5. Valérie ANGEON & Jean-François HOARAU, 2015. "Introduction - Les Petites Économies Insulaires : Un Monde À Part Entière ?," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 5-13.
    6. Jean-François Hoarau, 2018. "Un état des lieux du modèle économique réunionnais hérité de la départementalisation : entre miracle et incomplétude," Post-Print hal-03546556, HAL.
    7. Claire GOAVEC & Jean-François HOARAU, 2015. "Vulnérabilité Économique Structurelle Et Dépendance Touristique : Quels Enseignements Pour Les Petites Économies Insulaires En Développement," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 157-188.
    8. Claire Goavec & Jean-François Hoarau, 2015. "Structural economic vulnerability and tourism dependence: new assessment for small island developing economies [Vulnérabilité économique structurelle et dépendance touristique : quels enseignements," Post-Print hal-01454720, HAL.
    9. Elisabeth Conrad & Louis F. Cassar, 2014. "Decoupling Economic Growth and Environmental Degradation: Reviewing Progress to Date in the Small Island State of Malta," Sustainability, MDPI, vol. 6(10), pages 1-22, September.
    10. Françoise RIVIERE & Michel DIMOU, 2017. "Modèles et stratégies de développement des petites économies insulaires. Revue de la littérature et nouveaux paradigmes," Working Paper 0bd96404-7210-4678-93d6-4, Agence française de développement.
    11. Geoffrey BERTRAM, 2015. "Is Independence Good Or Bad For Development In Small Island Economies? A Long-Run Analysis," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 31-54.
    12. Nicos Trimikliniotis, 2013. "Migration and Freedom of Movement of Workers: EU Law, Crisis and the Cypriot States of Exception," Laws, MDPI, vol. 2(4), pages 1-29, November.

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    Keywords

    Small island economies;

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