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Economics: Niche Markets and Global Contexts

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Abstract

During the age of decolonisation, a widespread assumption held that colonies should have a certain size and population, economic strength and some degree of self-sufficiency before independence could reasonably and realistically be claimed. Simultaneously it was repeatedly suggested that many colonies were too small to develop an economy that would offer any kind of stability (Benedict 1967). Yet many small colonies, such as Nauru and Tuvalu, did become independent in the 1960s and 1970s. Even then it seemed inconceivable that others would follow. Indeed New Caledonia and Puerto Rico, with substantial resources, larger populations and land areas, and less remote from the global economy, have not done so. Nonetheless the United Nations, in a 1960 resolution, had declared that any colonised territory, whatever the size of land and population, had an innate right to independence.

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Connell, J., Aldrich, R. (2020). Economics: Niche Markets and Global Contexts. In: The Ends of Empire. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-5905-1_5

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