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| Generally, small states are highly vulnerable, being exposed to economic, environmental, health, and other shocks that tend to affect entire countries and populations. The extent of their vulnerability is determined by the frequency and impact of shocks - over which they have little control - and their resource base (resilience) to withstand those shocks. Hence, to explore the development opportunities and challenges facing small states, it is essential to understand their situations in relation to income volatility, vulnerability, disaster proneness and mitigation, environmental protection, and the human and economic consequences of a pandemic, such as HIV/AIDS. |
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