“…The other major strand of this literature examines the performance of small states in international affairs. While some works, such as those contributing to debates in political economy (Campbell & Hall, 2009;Katzenstein, 1985Katzenstein, , 2003Ken, 2007;Remmer, 2010;Siddiqui, 2010;Verdun, 2013) have concentrated on the governance characteristics of small states which facilitate their successful performance in global markets, others (Bishop, 2012;Katzenstein, 1985) have addressed the vulnerability of small states to external shocks, especially in terms of climate change and other environmental threats (Briguglio, Cordina, Vella, & Vigilance, 2010). These two characteristics -the recognized importance of small states in regional governance systems and small state vulnerability to environmental threats -highlight the relevance of small states for TWM debates.…”