| Description |
1 online resource (x, 170 pages) : illustrations |
| Contents |
Foreword; Acknowledgments; Abbreviations; I REGIONAL ISSUES; 1 Overview of Regional Economic Performance and Prospects; 2 Public Sector Activities; 3 Private Sector Development; 4 The Pacific Plan for Strengthening Regional Cooperation and Integration; 5 Remittances and Migration; 6 The Pacific Islands and the Eastern Caribbean Currency Union: A Comparative Review; 7 Options for Alternative Exchange Rate Arrangements; II COUNTRY NOTES; 8 Fiji; 9 Kiribati; 10 Marshall Islands; 11 Micronesia; 12 Palau; 13 Papua New Guinea; 14 Samoa; 15 Solomon Islands; 16 Tonga; 17 Vanuatu |
| Summary |
The Pacific island region has considerable potential for development, especially in the areas of tourism, fisheries, forestry, mining, and agriculture. With these resources and the continued substantial economic assistance from donors that is expected, it is feasible to lift these countries' medium-term economic growth record, improve human development indicators, and reduce poverty. Experience since independence demonstrates that the traditional way of life can be preserved, even while the processes of development create modern institutions and help to meet changing aspirations. The Pacific island countries face many challenges in developing their economies and raising living standards, including their small size, distance from major markets, and vulnerability to natural disasters. Successfully overcoming these challenges will require the continuation of macroeconomic stability and increased emphasis on the structural reforms to which island governments are committed, including improved public sector efficiency and greater private sector activity. While recognizing that important economic, political, and cultural differences exist between the islands, there are a range of policy recommendations that are widely applicable throughout the region. The first half of this book provides an assessment of regional issues that are currently being addressed by economic policymakers. The country-specific chapters, which comprise the second half of the book, provide in each case a broad overview of the main factors affecting the countries' individual economic performance since independence and the main challenges that lie ahead.--Publisher's description |
| Notes |
Print version record |
| Subject |
Emigrant remittances -- Islands of the Pacific
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Foreign exchange rates -- Islands of the Pacific
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BUSINESS & ECONOMICS -- Economic Conditions.
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BUSINESS & ECONOMICS -- Economic History.
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BUSINESS & ECONOMICS -- Economics -- Comparative.
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POLITICAL SCIENCE -- Economic Conditions.
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Economic history
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Economic policy
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Emigrant remittances
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Foreign exchange rates
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Wirtschaft
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Economische situatie.
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| SUBJECT |
Islands of the Pacific -- Economic conditions
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Islands of the Pacific -- Economic policy
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| Subject |
Pacific Ocean -- Islands of the Pacific
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Ozeanien
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Oceanië.
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| Form |
Electronic book
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| Author |
Browne, Christopher, 1944- editor, author.
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International Monetary Fund, issuing body.
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| ISBN |
9781451960655 |
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1451960654 |
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