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Strategies to Accelerate Industrialization* of FIJI*

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  • Seung Jin Kim

Abstract

The terms of trade that Fiji faces in the post-growth period will deteriorate as the international price of her exports (i.e., agricultural products) tends to increase less rapidly compared with that of her imports (i.e., manufacturing products). This deterioration of the terms of trade facing the Fijian exporters could offset the normal gains associated with growth over time. Therefore Fiji should accelerate industrialization immediately as her national goal. In order for Fiji to successfully accelerate industrialization, the government should establish a set of basic principles as follows: (a) condensed growth, (b) light manufacturing industrialization first, heavy and chemical industrialization later, (c) government initiatives, (d) foreign capital inducement and export-led growth, and (e) growth primacy. Based on the above principles of Fiji's industrialization, the following development strategies should be adopted: (a) Leadership commitment for industrialization, (b) Government-led development strategy, (c) Outward-looking development strategy, (d) Growth-first-distribution-later policy, (e) Domestic resources mobilization and foreign capital inducement, (J) Human resource development, (g) Environmentally sustainable development To fully moderni=e Fiji on her track of industrialization, the following development strategies should be adopted: (a) Village movement, (b) Promoting economic and social status of indigenous Fijians, and (c) Nation building

Suggested Citation

  • Seung Jin Kim, 2006. "Strategies to Accelerate Industrialization* of FIJI*," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 9(1), pages 59-85, March.
    • Handle: RePEc:sae:intare:v:9:y:2006:i:1:p:59-85
    DOI: 10.1177/223386590600900104
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    References listed on IDEAS

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    1. Il SaKong, 1993. "Korea in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 29, January.
    2. Soon Cho, 1994. "Dynamics of Korean Economic Development, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 25, April.
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