Pacific Island Countries: In Search of a Trade Strategy

Author/Editor:

Hong Chen ; Lanieta Rauqeuqe ; Shiu raj Singh ; Yiqun Wu ; Yongzheng Yang

Publication Date:

August 21, 2014

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2014/158

Subject:

Comparative advantage Economic sectors Exports Imports International trade Tourism Trade balance

English

Publication Date:

August 21, 2014

ISBN/ISSN:

9781498324342/1018-5941

Stock No:

WPIEA2014158

Pages:

32

Please address any questions about this title to publications@imf.org