Pacific Island Countries: In Search of a Trade Strategy ePub (Adobe DRM) download by Hong Chen

Pacific Island Countries: In Search of a Trade Strategy

INTERNATIONAL MONETARY FUND
Publication date: August 2014
ISBN: 9781498343985
Digital Book format: ePub (Adobe DRM)

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International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively poor performance. However, the emergence of Asia as a global economic center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific island countries stands a better chance to improve broad-based growth.
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