Strengthening Resilience in Commonwealth Small States: Economic Diversification and Climate Adaptation as Key Drivers
Despite their limited landmasses and populations, Commonwealth small states possess distinctive and diverse economies. While some depend heavily on natural resource extraction, others focus on services sectors like tourism and finance. However, a common thread uniting them is their susceptibility to economic shocks and the effects of climate change.
Because of their compact sizes and often vulnerable geographic locations, these nations are disproportionately sensitive to economic disruptions and environmental changes, including rising sea levels and extreme weather events. It is thus imperative for them to proactively enhance resilience by diversifying their economies and adapting to climate change impacts.
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