The Commonwealth Secretariat (2016)
Since 2012, many small island developing states have embraced the emerging concept of the ‘blue economy’ as a mechanism for realising sustainable growth centred on an ocean-based economy. In that time, the blue economy has emerged as a key component of a new global dialogue about the role of coastal and ocean waters in sustainable development. For small states, in particular, the concept of the blue economy presents itself as a promising avenue for economic diversification and growth embedded in fundamental principles of environmental sustainability.