Economics
Many island countries rely heavily on imports and are greatly affected by changes in the global economy. The economies of island countries are usually smaller and more vulnerable to shipping costs, environmental damage to infrastructure, and isolation from other economies than those of larger, continental countries, exceptions include Japan, Australia and the U.K. The dominant industry for many island countries is tourism.
Read more about this topic: Island Countries
Famous quotes containing the word economics:
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—Willa Cather (1876–1947)
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—James Thurber (1894–1961)