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The world’s first organization
devoted to nations with the smallest economic potential
The Organization for the Smallest Economies in the World (OSEW) is an international non-profit organization, dedicated
to the world's smallest economies, which collectively produced 1% of global GDP (2019). This one percent of the world's GDP was generated by as many as 93 countries, which is nearly half of the world's 193 nations that are full members of the
United Nations
Aneta A. Teperek, having conducted comprehensive research on the world’s smallest economies, identified a need for the establishment of an organization dedicated to providing support and assistance to these economies. The world’s smallest economies are confronted with a plethora of challenges and constraints, predominantly due to the small potential of their economies. They are particularly susceptible to fluctuations in the global economy, including shifts in both global and regional trade trends, largely due to their constrained capacity to diversify economic activities. The limited potential of these economies in both the public and private sectors, including lack of legal and judicial infrastructure, makes them dependent on cooperation with larger economies, often those that are neighboring or historically linked. The participation in globalization inevitably results in the world’s smallest economies being influenced by it, which is not always to their advantage
For instance, they are obligated to comply with international law, irrespective of whether it is in their interests. Their relatively modest economic scale often results in their being overlooked by larger economies and marginalized by global community. This is despite the equal status conferred by United Nations membership, which grants each nation one vote, regardless of its economic, demographic, or territorial size. The world's smallest economies receive only minimal attention from academics, politicians, and world leaders. They are typically mentioned in the media on rare occasions, for example when they are involved in conflicts or when their actions have the potential to impact the interests of global or regional powers. The world becomes aware of their existence during discussions about money laundering or exceptional sport achievements. However, once these episodic events pass, the world quickly forgets about the world's smallest economies again.
Providing support to the world's smallest economies
and raising global awareness of the challenges they face
The diversity among the 93 world’s smallest economies, particularly in terms of the level of economic development—ranging from highly developed to severely underdeveloped—has led to the establishment of OSEW's mission as follows:
To contribute to a greater global awareness and understanding of the challenges faced by the world’s smallest economies, as well as to promote their international cooperation, while supporting sustainable economic, social, political, and environmental development, through research focused on identifying: the causes of the discrepancies in the level of socio-economic development in the world's smallest economies, the challenges faced by these economies, and the areas of the developmental potential, which aim of enhancing the functioning of these states.
OSEW supports the exchange of knowledge, technology,
and best practices among the world's smallest economies,
while also drawing on the experiences of other countries.
However, the overarching goal of OSEW
is to improve the living conditions of
people in the least economically
developed of these nations
by helping them strengthen
their economic potential.
OSEW's vision statement outlines its long –term future objectives.
It is a world where the world's smallest economies can fully realize their potential while achieving sustainable development, with all residents living in welfare and harmony with the environment.
OSEW aims to become a leading support center for these nations, providing assistance in overcoming challenges and contributing to their long-term growth and development
From enhancing economic performance and strengthening climate change policies to improving education and healthcare access in many of the world's smallest economies
OSEW – a unique research and consultancy center,
strives to achieve its goals through a variety of initiatives:
Data
Collection
Collecting and monitoring of economic data on the world’s smallest economies with a view to tracking of their socioeconomic development. Monitoring of the progress made by the world’s smallest economies after implementing OSEW’s strategies and programs, as well as evaluating their effectiveness
Research
and Analysis
Analyzing the varying levels of economic development in the world’s smallest economies and the factors contributing to this diversification. Identifying the social, political, and environmental challenges the world’s smallest economies face, along with their underlying causes, as well as exploring potential development opportunities and trends
Publications
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Disseminating research-based knowledge on the world’s smallest economies through the publication of annual research reports, articles and short socioeconomic and policy briefs, which include examples of the most effective socio-economic practices that have been implemented and successfully operationalized in a variety of the world’s smallest economies or elsewhere.
Social Media
and Digital Advocacy
Leveraging social media platforms (Twitter, LinkedIn, Instagram, etc.) to promote the world’s smallest economies. through infographics, videos, and blog posts that highlight key facts about the 93 smallest economies, including historical events, unique elements of their natural environment, unique cultural heritage, and innovations
International Forum Conferences and Seminars
Hosting an annual World’s Smallest Economies Forum that brings together policymakers, academics, leaders of the world’s smallest economies, representatives of international organizations, and entrepreneurs interested in the world's smallest economies to promote global awareness of them and discuss their challenges and contributions. Organizing international conferences and seminars focused on economic development of these economies, including promotion of tourism, investments, and trade in them
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Global Events
Participation
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Participating in international conferences, forums, seminars to enhance the global visibility and recognition of the world’s smallest economies, so that people around the world associate these economies with positive qualities or opportunities; to promote international cooperation of the world’s smallest economies, as well as to gain support for the least developed of these economies in order to improve the living conditions of their residents.
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International Cooperation and Knowledge Exchange
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Establishing cooperation with policymakers, entrepreneurs, international organizations and their representatives, think tans and academic institutions and their researches in order to exchange knowledge and experiences that would benefit the world’s smallest economies, for example: (1) sharing knowledge about development programs offered by international organizations; (2) recommending the best evidence-based practices used in the most developed smallest economies to the most needy of the world’s smallest economies, (3) transferring knowledge about technologies used in the most-developed smallest economies to less developed economies due to strengthening their level of innovation and competitiveness in international markets, (4) organizing student exchanges between academic institutions in the world’s smallest economies and offering internship programs for residents of these economies to expand their knowledge, skills and international experience, (5) offering cocreated programs that support the establishment of startups and encourage innovation development in the world’s smallest economies.
Consulting
Services
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Providing advisory services to the governments, corporations, private investors, and organizations seeking expertise on the world’s smallest economies, including delivery of market analysis, policy assessments, and strategic planning. Offering to the world’s smallest economies training programs and workshops aimed at raising the education level of human resources in the majority of these economies, as well as professions such as government officials, entrepreneurs, and researchers; socioeconomic recommendations and guidance directed at policymakers and governments of the small economies, which aim to support the sustainable development, improve their international perception, and to enhance their credibility as economic partners.
OSEW collaborates with policymakers, researchers, entrepreneurs, and stakeholders from the world's smallest economies, as well as representatives of international organizations, financial institutions, investors, and other countries with an interest in these economies.
Alone we can do so little; together we can do so much
- Helen Keller -
OSEW’s values
Understanding and Awareness
promoting greater global awareness of the challenges faced by the smallest economies
Empowerment
supporting the world's smallest economies in identifying their economic potential, with a view to improving the functioning of their states
Sustainable Development
supporting sustainable economic, social, political, and environmental development of the world’s smallest economies, while simultaneously promoting their long-term growth in order to ensure the prosperity of future generations
Global Cooperation
supporting the exchange of knowledge, technology, and best practices among the world's smallest economies, as well as the establishment of partnerships with other countries
Research and Innovation
identifying the underlying causes of development disparities among the world’s smallest economies and formulating and proposing potential solutions supported by scientific research
Equity
supporting the pursuit of socio-economic equality, especially in the less developed of the world’s smallest economies, and improving the living conditions of their societies
Professionalism and Integrity
acting with expertise and transparency, and upholding the highest ethical standards
9 Wall Street # 1493, New York, NY 10005, USA
info@osew.org
OSEW manages by Organization for the Smallest Economies in the World Inc.
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