"The successes of small economies are highly contingent on state and society’s ability to capitalise on the strengths and minimise the vulnerabilities of small population size."
"Scotland – with a population of close to 5.5 million – is not a small state. Nevertheless, size is relative. Small independent states are a useful lens through which to envision an independent Scotland.
This overview of evidence on the performance of small states should caution any knee-jerk optimism (or pessimism) about Scotland’s political and economic viability as a small independent state.
The blessings and afflictions of small population size are contingent on local and international politics. Reaping the benefits of small size in domestic affairs while mitigating the costs demands deep collaboration and solidarity between state and society.
Thriving in the international arena – one dominated by larger states – requires diplomatic tact and international cooperation. These demands are obtainable, but not inevitable.
Scotland’s success as a small independent state would depend less on its size than on its leaders’ ability to leverage the benefits and lessen the liabilities of small population size."