Pacific Island Countries: In Search of a Trade Strategy
Electronic Access:
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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
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