Although it is not yet heavily involved in international banking, Greenland’s progression toward independent statehood is strikingly reminiscent of Iceland’s experience (especially its desire to maintain its own culture and protect its natural resources at the cost of isolation from the rest of the world and its wish to limit its economic relationship with Europe).

This raises questions – does the recent experience of Iceland suggest that a country can be too small to be a nation state, and what are the costs and benefits of being isolated from the rest of the world?

Anne Sibert at Vox

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