Pacific Island Countries: In Search of a Trade Strategy

33 Pages Posted: 10 Sep 2014

See all articles by Hong Chen

Hong Chen

University of the South Pacific

Lanieta Rauqeuqe

International Monetary Fund (IMF)

Shiu raj Singh

International Monetary Fund (IMF)

Yiqun Wu

International Monetary Fund (IMF)

Yongzheng Yang

International Monetary Fund (IMF) - African Department

Date Written: August 2014

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.

Keywords: Trade integration, Pacific Island Countries, Asia, Tourism, Agriculture, Patterns of trade, International trade, Econometric models, trade, inclusive growth, tourist, tourist arrivals, tourists, tourism industry, destination country, tourism products, visitor arrivals, tourism development, international tourism, tourism growth, approach to tourism, growth of tourism, tourism infrastructure, tourism sector, outbound tourism, natural environment, tourism market, local tourism, island territories, tourist guides, international tourist, tourist destinations, free trade agreements, international tourist arrivals, future of tourism, domestic tourism, tourism authorities, tour operators, local hote

JEL Classification: F60

Suggested Citation

Chen, Hong and Rauqeuqe, Lanieta and Singh, Shiu raj and Wu, Yiqun and Yang, Yongzheng, Pacific Island Countries: In Search of a Trade Strategy (August 2014). IMF Working Paper No. 14/158. Available at SSRN: https://ssrn.com/abstract=2494306

Hong Chen

University of the South Pacific ( email )

Laucala Campus
Suva
Fiji

Lanieta Rauqeuqe

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Shiu raj Singh

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Yiqun Wu

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Yongzheng Yang

International Monetary Fund (IMF) - African Department ( email )

1700 19th Street, NW
Washington, DC 20431
United States
202-623-4339 (Phone)
202-623-4237 (Fax)

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