"The book focuses on the experience of six North Atlantic, cold-water islands boasting distinct constitutional arrangements. These range from full sovereignty (Iceland), to federation (Prince Edward Island; Newfoundland and Labrador), to federacy or home rule status (Faroe Islands; Isle of Man; Aland Island).

It explores how different constitutional, political and cultural features of these islands are deployed in strategic economic thinking and planning, leading these jurisdictions to craft a real 'political economy'." "The comparative interplay of economic and juridical resources is taken up in relation to four major economic domains; the primary sector; small-scale manufacturing; export of knowledge-based services and tourism, in the outcome, practical 'best practice' proposals are suggested.".

"The book shows the 'gift of jurisdiction' as a strategy enabler, with law and public policy serving as the fuel for development in a decentralizing globalized world offering loopholes or special arrangements to exploit."--BOOK JACKET.