Roughly 75% of today’s small countries were formed in the last 70 years, mostly as a result of broader democratic transitions and in tandem with trade growth and globalization. Their successes and failures are more germane to current discussions than, say, the fiscal implications of Scottish independence.
ZURICH – Scotland’s vote on independence from the United Kingdom has spurred widespread debate about the secession of small states, such as Slovenia and Croatia in 1991, or the independence drive today in Spain’s autonomous region of Catalonia. But the narrow focus on the political and economic implications for Scotland and the UK – or, for that matter, the referendum’s decisive pro-union outcome – should not overshadow one of the more overlooked geopolitical trends of our time: the rise of small countries.
ZURICH – Scotland’s vote on independence from the United Kingdom has spurred widespread debate about the secession of small states, such as Slovenia and Croatia in 1991, or the independence drive today in Spain’s autonomous region of Catalonia. But the narrow focus on the political and economic implications for Scotland and the UK – or, for that matter, the referendum’s decisive pro-union outcome – should not overshadow one of the more overlooked geopolitical trends of our time: the rise of small countries.