Contact Person : Adam Grydeh ; Last Date for the submission of abstract : 28/02/2018; Economies work differently in microstates and island territories than in larger jurisdictions. Small population size and/or land area, often coupled with remoteness, affect how economies function and encourage potentially problematic governance forms and practices (including conflicts of interest, anti-competitive policies, and dependency on the public sector). Microstates and islands are frequently said to suffer from skills shortages, lack of economies of scale, extreme industrial specialisation and dependence on a small number of external markets (thereby increasing vulnerability), high transport costs, and poor balances of trade.