Saint-Pierre and Miquelon. Changes in an island economy. The islands of Saint-Pierre and Miquelon, with a population of only slightly over 5 000 inhabitants, have nevertheless an important political and cultural role to play, on account of the fact that they are the only French territory in North America. Their original function, that of a fishing station on the Banks'of Newfoundland, continues to serve as a bulwark for the islands' economy despite some changes. On the one hand, a decrease may be noted in the fishing catch as such, due to the growing scarcity of fish and to the obsolescence of the fishing equipment ; on the other hand, one may note the improvement of the port facilities offered to foreign ships, as well as an enlargement ...