Swimming Against the Tide
AbstractAn Analysis of Private Sector Development Issues in Small Economies This book examines the underlying factors that determine the environment for investment and growth in small economies, focussing on those in the Pacific.The private sector can flourish and create employment opportunities only if the environment in which it operates is conducive to business. Governments can often create an environment that increases the costs of doing business, reduces profits, and discourages dynamism and entrepreneurship. These issues include • fostering financial sector development for credit to be more readily available for business; • clarifying land rights and modifying them with respect to cultural preservation and the development of land markets; • reducing the role of the state in the economies of the region; • revamping the regulatory regimes for the business environment to be less constrained and monopolies more prudently regulated; • focusing on the assistance of small-scale rural enterprises. With concerted efforts, governments can ensure the resolution of these critical issues. However, doing so requires considerable time and great effort. Nevertheless, now is a perfect time to start the process. Strategies for change should focus on what causes the low rates of return on capital as well as the constraints to business startup and development.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 4207.
Date of creation: 2004
Date of revision:
private sector development; institutional economics;
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 94(5), pages 1002-37, October.
- King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right,"
Policy Research Working Paper Series
1083, The World Bank.
- Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August.
- Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
- repec:fth:wobaco:1083 is not listed on IDEAS
- David William Harold Orsmond & Christopher Browne, 2006. "Pacific Island Countries--Possible Common Currency Arrangement," IMF Working Papers 06/234, International Monetary Fund.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.