It means very small state, state of little territory. States of very small extent and small population. For example: Malta , Faroe Island, San Marino, Andorra, Vatican, Monaco. They are usually principalities.
John Rene Plaut
MICROESTEn country of small size, which some manage to form, for example, buying a small island and issuing stamps and coins for tourism and philatelics, and thus finance the state.
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