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Pacific Island Countries: In Search of a Trade Strategy

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  • Hong Chen
  • Lanieta Rauqeuqe
  • Shiu raj Singh
  • Mr. Yiqun Wu
  • Yongzheng Yang

Abstract

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.

Suggested Citation

  • Hong Chen & Lanieta Rauqeuqe & Shiu raj Singh & Mr. Yiqun Wu & Yongzheng Yang, 2014. "Pacific Island Countries: In Search of a Trade Strategy," IMF Working Papers 2014/158, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2014/158
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    References listed on IDEAS

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    Cited by:

    1. Asian Development Bank Institute, 2017. "Aid for Trade in Asia and the Pacific: Thinking Forward About Trade Costs and the Digital Economy," Working Papers id:11882, eSocialSciences.
    2. Prakash, Kushneel & Maiti, Dibyendu, 2016. "Does devaluation improve trade balance in small island economies? The case of Fiji," Economic Modelling, Elsevier, vol. 55(C), pages 382-393.
    3. International Monetary Fund, 2014. "Republic of Palau: Selected Issues," IMF Staff Country Reports 2014/111, International Monetary Fund.
    4. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Aid for Trade in Asia and the Pacific: Thinking Forward About Trade Costs and the Digital Economy," ADB Reports RPT157499-2, Asian Development Bank (ADB), revised 25 Aug 2015.
    5. Nguyen, Bao & Sum, Dek, 2019. "Macroeconomic Shocks and Trade Balance Adjustments in Papua New Guinea," MPRA Paper 93033, University Library of Munich, Germany.

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