The overview translates analysis into policies that expand room for maneuver. Externally, small states should invest in capability for economic statecraft—trade negotiations, standards engagement, dispute settlement—while cultivating multiple connectivity options across ports, power and digital networks. Internally, credibility hinges on rule-of-law, macro-stability and painless service delivery that attracts investment and talent. The book recommends targeted coalitions on specific problems—disaster response, fisheries, aviation safety—where small states can lead and shape norms. Financing instruments include catastrophe bonds, regional guarantee facilities and pooled procurement to reduce costs and volatility. Diplomacy should be data-driven: publish transparent positions, track commitments, and run after-action reviews to maintain coherence. Success is measured by reduced vulnerability to coercion, diversified trade and investment, and higher citizen welfare—signs that small states are setting their own course rather than being set upon.
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Abstract
Centering small states as purposeful actors, this volume examines how they navigate asymmetric power structures in South Asia to secure stability and economic advancement. It surveys strategic choices—balancing, bandwagoning, hedging—and shows how these interact with trade, migration, energy and water interdependence. Country chapters dissect institutional capacities, diplomatic style and domestic political economy in Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka, considering how governance quality shapes credibility and bargaining power. The book explores cooperative regimes (SAARC, BIMSTEC, IORA) and minilateral clubs, identifying where small states can set agendas or block harmful initiatives. It also considers non-traditional risks—climate shocks, pandemics, illicit flows—and their disproportionate effects on small states, arguing for resilience through diversification, regional public goods and risk-sharing finance. The conclusion presents a pragmatic playbook for small-state agency anchored in consistent rules, economic openness with safeguards, and principled diplomacy.
How to Cite
BIISS (2005). SMALL STATES AND REGIONAL STABILITY IN SOUTH ASIA. Bangladesh Institute of International and Strategic Studies (BIISS). https://doi.org/10.0000/book-24-ttc5fm