Island states – from vast Greenland to microstates - are scattered around the
globe in three of the five oceans and several seas. They share common
characteristics, namely very small populations, unique cultures, sensitive
limited funds and human resources, and fragile economies that can be
and distorted by a major oil or mineral find. Because of the very nature of
states, the ocean wields great influence over their physical and socio-economic
infrastructure and resources.
Economic development and eradication of poverty are the two most crucial
concerns for many island states. Thus, with limited resources and low adaptive
capacity, these islands face the sizable challenge of meeting the social and
needs of their populations in a manner that is sustainable. Many have also
tax havens. Yet despite the economic windfall, a finance sector that crowds out
a traditional island economy can create challenges.
Menas Associates has developed a particular expertise on the impact of major development
projects on small and isolated communities. We have undertaken integrated
assessments on several potential new oil provinces and have advised governments
future of small dependencies.
We have a wealth of experience and expert insight into the different issues at
stake throughout all phases of the business cycle, from market entry to exit,
tailor our consultancy packages to suit our clients' individual needs. We
believe it is imperative for international companies working in any one of the
states to be aware of the opportunities and the risk in their operating
environments in order to make well-informed, strategic business decisions.