Island states

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 environments, limited funds and human resources, and fragile economies that can be transformed and distorted by a major oil or mineral find. Because of the very nature of these 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 economic needs of their populations in a manner that is sustainable. Many have also become 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 impact assessments on several potential new oil provinces and have advised governments on the 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, and tailor our consultancy packages to suit our clients' individual needs. We believe it is imperative for international companies working in any one of the island states to be aware of the opportunities and the risk in their operating environments in order to make well-informed, strategic business decisions.