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Book Synopsis The Performance and Prospects of the Pacific Island Economies in the World Economy by : A. P. Thirlwall
Download or read book The Performance and Prospects of the Pacific Island Economies in the World Economy written by A. P. Thirlwall and published by University of Hawaii Press. This book was released on 1991 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
The Pacific island region has considerable potential for development, especially in the areas of tourism, fisheries, forestry, mining, and agriculture. However, these countries face many challenges to developing their economies and raising living standards, including their small size, distance from major markets, and vulnerability to natural disasters. The first half of this book provides an assessment of regional issues. The second half includes country-specific chapters, which provide an overview of each countries economic performance since independence and the main challenges ahead.
Book Synopsis Pacific Island Economies by : Mr.Christopher Browne
Download or read book Pacific Island Economies written by Mr.Christopher Browne and published by International Monetary Fund. This book was released on 2006-08-28 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pacific island region has considerable potential for development, especially in the areas of tourism, fisheries, forestry, mining, and agriculture. However, these countries face many challenges to developing their economies and raising living standards, including their small size, distance from major markets, and vulnerability to natural disasters. The first half of this book provides an assessment of regional issues. The second half includes country-specific chapters, which provide an overview of each countries economic performance since independence and the main challenges ahead.
In an earlier issue of Pacific Islands Policy, Francis X. Hezel, SJ, examined the economic performance of the Federated States of Micronesia (FSM) and the Republic of the Marshall Islands before and after independence. Despite abundant start-up funds from the United States and advice from consultants on how to create future prosperity, self-sustainability for these island nations remains as elusive as ever. This report is an attempt to answer the question: Are FSM and the Marshall Islands unusual in this respect or are all small Pacific Island nations waging a losing battle in their attempts to create more self-supporting economies? Development economists frequently argue that with the right policies in place and necessary reforms implemented, any nation, whatever its limitations, can develop a successful economy. In this report, Hezel looks at the record to find out how the Pacific Island nations have fared in this respect since independence. Having abundant exports doesn't always translate into a strong economy, he finds, since the two most richly endowed countries in the region are among the poorest in quantified per capita income. Most of the nations in the region, though, are resource-poor and so have had to turn to other strategies for economic development. The pathways to economic development for a small island nation, especially one that is remote and enjoys limited resources, are few and steep. Only one of the Pacific Island nations is close to full economic self-reliance at present, while one or two others may be within striking distance. The rest--and they are the majority--seem to have no real prospects for full self-reliance. Hezel asks what this somber but realistic view of the limits of economic growth in the Pacific might mean for larger nations with a stake in the Pacific, such as Australia, Japan, the United States, and China. Foreign aid, he suggests, may not be just a stopgap to achieve economic self-sufficiency, but a permanent requirement for nations that will always come up short of this goal.
Book Synopsis Pacific Island Nations by : Francis X. Hezel
Download or read book Pacific Island Nations written by Francis X. Hezel and published by . This book was released on 2012 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an earlier issue of Pacific Islands Policy, Francis X. Hezel, SJ, examined the economic performance of the Federated States of Micronesia (FSM) and the Republic of the Marshall Islands before and after independence. Despite abundant start-up funds from the United States and advice from consultants on how to create future prosperity, self-sustainability for these island nations remains as elusive as ever. This report is an attempt to answer the question: Are FSM and the Marshall Islands unusual in this respect or are all small Pacific Island nations waging a losing battle in their attempts to create more self-supporting economies? Development economists frequently argue that with the right policies in place and necessary reforms implemented, any nation, whatever its limitations, can develop a successful economy. In this report, Hezel looks at the record to find out how the Pacific Island nations have fared in this respect since independence. Having abundant exports doesn't always translate into a strong economy, he finds, since the two most richly endowed countries in the region are among the poorest in quantified per capita income. Most of the nations in the region, though, are resource-poor and so have had to turn to other strategies for economic development. The pathways to economic development for a small island nation, especially one that is remote and enjoys limited resources, are few and steep. Only one of the Pacific Island nations is close to full economic self-reliance at present, while one or two others may be within striking distance. The rest--and they are the majority--seem to have no real prospects for full self-reliance. Hezel asks what this somber but realistic view of the limits of economic growth in the Pacific might mean for larger nations with a stake in the Pacific, such as Australia, Japan, the United States, and China. Foreign aid, he suggests, may not be just a stopgap to achieve economic self-sufficiency, but a permanent requirement for nations that will always come up short of this goal.
This sixth annual study focuses on the effects of globalization on developing countries and the growing divide between fast and slow- integrating economies. It describes current trends in integration and answers key questions on trade and on commodity-reliant economies. The book examines two questions in particular detail: Will trade liberalization work? The report argues that countries that embark on trade liberalization in the current environment are likely to be rewarded and recognizes that genuine adjustment costs exist and that complementary reforms are important. How can commodity-reliant countries enhance productivity and diversify exports? Although many of these countries have been among the high growth, fast integrators, many others have been poor performers. Successful exporters are characterized by high productivity in existing commodity sectors, the capacity to diversify to non-traditional commodity exports, and the maintenance of economic stability. The report projects continued rapid acceleration of integration over the next decade, with moderate import growth in the developed countries and continued sharp import increases in developing countries. Those countries that continue to reform their economies and expand their participation in the world economy will be in a position to take advantage of the resulting opportunities; those that do not, risk falling further behind.
Book Synopsis Pacific Island Economies by : Hilarian M. A. Codippily
Download or read book Pacific Island Economies written by Hilarian M. A. Codippily and published by World Bank Publications. This book was released on 1996 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This sixth annual study focuses on the effects of globalization on developing countries and the growing divide between fast and slow- integrating economies. It describes current trends in integration and answers key questions on trade and on commodity-reliant economies. The book examines two questions in particular detail: Will trade liberalization work? The report argues that countries that embark on trade liberalization in the current environment are likely to be rewarded and recognizes that genuine adjustment costs exist and that complementary reforms are important. How can commodity-reliant countries enhance productivity and diversify exports? Although many of these countries have been among the high growth, fast integrators, many others have been poor performers. Successful exporters are characterized by high productivity in existing commodity sectors, the capacity to diversify to non-traditional commodity exports, and the maintenance of economic stability. The report projects continued rapid acceleration of integration over the next decade, with moderate import growth in the developed countries and continued sharp import increases in developing countries. Those countries that continue to reform their economies and expand their participation in the world economy will be in a position to take advantage of the resulting opportunities; those that do not, risk falling further behind.
Book Synopsis The Future of Asia-Pacific Economies by : Somsak Tambunlertchai
Download or read book The Future of Asia-Pacific Economies written by Somsak Tambunlertchai and published by . This book was released on 1993 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
This comprehensive volume examines the future effectiveness of regional institutions as well as key questions concerning the attempts to overcome ongoing serious problems of security, governance and poor economic performance in the Pacific.
Book Synopsis Redefining the Pacific? by : Jenny Bryant-Tokalau
Download or read book Redefining the Pacific? written by Jenny Bryant-Tokalau and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive volume examines the future effectiveness of regional institutions as well as key questions concerning the attempts to overcome ongoing serious problems of security, governance and poor economic performance in the Pacific.
Book Synopsis Trade Liberalization by : Elena Tapuaiga
Download or read book Trade Liberalization written by Elena Tapuaiga and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Covers trends from 1981 to 1991. Provides an overview of important developments and issues, noting, interalia, the increasing economic role of women.
Book Synopsis The Economy of Fiji by : M. L. Treadgold
Download or read book The Economy of Fiji written by M. L. Treadgold and published by . This book was released on 1992 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers trends from 1981 to 1991. Provides an overview of important developments and issues, noting, interalia, the increasing economic role of women.
" ... This book is an introduction to the contemporary Pacific Islands, intended primarily for interested individuals in government, business, and academia, as well as for students. It provides a succinct account of trends, issues, and recent developments affecting the islands in the political, economic, and international relations fields. The book is organized functionally, but also contains sketches of the individual island nations and groups ..."--Back cover.
Book Synopsis The Pacific Islands by :
Download or read book The Pacific Islands written by and published by East-West Center. This book was released on 1991 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... This book is an introduction to the contemporary Pacific Islands, intended primarily for interested individuals in government, business, and academia, as well as for students. It provides a succinct account of trends, issues, and recent developments affecting the islands in the political, economic, and international relations fields. The book is organized functionally, but also contains sketches of the individual island nations and groups ..."--Back cover.
This work on economic development strategies and policy options for the Pacific Island economies is a regional overview that examines the growth performance of World Bank Pacific Island member countries (PMCs): Fiji, Kiribati, Solomon Islands, Tonga, Vanuatu and Western Samoa. It develops a framework for achieving higher rates of growth in the 1990s. The six member countries have achieved relatively high living standards in the face of many constraints. There was, however, a significant decline in per capita income. The sluggish growth and poor economic performance stands in sharp contrast to the GNP growth of comparable countries in the Carribean. The PMCs benefitted from high levels of foreign assistance. Massive aid flows enabled them to cover their domestic resource gaps and maintain high investment levels relative to GDP. Most investments in the 1980s concentrated on building physical infrastructure and on human resource development. There has been an inability to stimulate private investment in productive sectors. The PMCs need to develop new sources of growth. To restore sustained growth, there needs to be greater private sector participation in investment and in economic affairs. Efficient use of private investment will hinge on the capacity of entrepreneurs to identify and exploit the profitable niches. Expanding exports and services catering to the world market shows the most promise. The future role of development assistance in these growth processes is examined.
Book Synopsis Pacific Island Economies by : World Bank
Download or read book Pacific Island Economies written by World Bank and published by . This book was released on 1991 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work on economic development strategies and policy options for the Pacific Island economies is a regional overview that examines the growth performance of World Bank Pacific Island member countries (PMCs): Fiji, Kiribati, Solomon Islands, Tonga, Vanuatu and Western Samoa. It develops a framework for achieving higher rates of growth in the 1990s. The six member countries have achieved relatively high living standards in the face of many constraints. There was, however, a significant decline in per capita income. The sluggish growth and poor economic performance stands in sharp contrast to the GNP growth of comparable countries in the Carribean. The PMCs benefitted from high levels of foreign assistance. Massive aid flows enabled them to cover their domestic resource gaps and maintain high investment levels relative to GDP. Most investments in the 1980s concentrated on building physical infrastructure and on human resource development. There has been an inability to stimulate private investment in productive sectors. The PMCs need to develop new sources of growth. To restore sustained growth, there needs to be greater private sector participation in investment and in economic affairs. Efficient use of private investment will hinge on the capacity of entrepreneurs to identify and exploit the profitable niches. Expanding exports and services catering to the world market shows the most promise. The future role of development assistance in these growth processes is examined.
