IMF Working Papers

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:

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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. 14/158

Subject:

Agriculture Asia Econometric models Fiji Inclusive growth International trade Marshall Islands Micronesia, Federated States of Pacific Island Countries Palau Papua New Guinea Patterns of trade Samoa Solomon Islands Tonga Tourism Trade Trade integration Vanuatu