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Pacific Island Countries; In Search of a Trade Strategy

Author

Listed:
  • Hong Chen
  • Lanieta Rauqeuqe
  • Shiu raj Singh
  • 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 & Yiqun Wu & Yongzheng Yang, 2014. "Pacific Island Countries; In Search of a Trade Strategy," IMF Working Papers 14/158, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:14/158
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41859
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    References listed on IDEAS

    as
    1. Harvey W. Armstrong & Robert Read, 1998. "Trade and Growth in Small States: The Impact of Global Trade Liberalisation," The World Economy, Wiley Blackwell, vol. 21(4), pages 563-585, June.
    2. Arvind Subramanian & Devesh Roy, 2001. "Who Can Explain The Mauritian Miracle; Meade, Romer, Sachs or Rodrik?," IMF Working Papers 01/116, International Monetary Fund.
    3. repec:lan:wpaper:898 is not listed on IDEAS
    4. Yiqun Wu & Patrizia Tumbarello & Niamh Sheridan, 2012. "Global and Regional Spillovers to Pacific Island Countries," IMF Working Papers 12/154, International Monetary Fund.
    5. repec:lan:wpaper:899 is not listed on IDEAS
    6. Robert C. Feenstra & James R. Markusen & Andrew K. Rose, 2001. "Using the gravity equation to differentiate among alternative theories of trade," Canadian Journal of Economics, Canadian Economics Association, vol. 34(2), pages 430-447, May.
    7. Enrique Martínez-Galán & Maria-Paula Fontoura & Isabel Proença, 2005. "Trade Potential In An Enlarged European Union: A Recent Approach," International Trade 0508011, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. International Monetary Fund, 2014. "Republic of Palau; Selected Issues," IMF Staff Country Reports 14/111, International Monetary Fund.
    2. 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.
    3. 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.
    4. 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.

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