Pacific Island Countries: In Search of a Trade Strategy
33 Pages Posted: 10 Sep 2014
Date Written: August 2014
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: Suggested Citation