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Article Excerpt
The winners of the great globalization push of the 1990s were small states such as New Zealand, Chile, Dubai, Finland, Ireland, the Baltic Republics, Slovenia, and Slovakia. The East Asian tigers that pushed themselves onto the world economy's center stage were small units, and in some cases--Singapore, Taiwan, or Hong Kong--were not even treated as states. Even South Korea, which is a giant in comparison, was only half a country.
Such states are vulnerable, and the past is littered with small and successful globalizers that lost out because of power politics: the Italian city states of the Renaissance, the Dutch Republic, or, in...
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