Pacific Island Countries: In Search of a Trade Strategy

Hong Chen, Lanieta Rauqeuqe, Shiu raj Singh, Yiqun Wu and Yongzheng Yang

No 2014/158, IMF Working Papers from International Monetary Fund

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: WP; PIC export; trade diversion; differentiated product; real GDP; Pacific island countries; trade; tourism; agriculture; inclusive growth; PIC merchandise import; destination PIC; PIC agriculture; PIC policymaker; export destination; trade performance; tourism product; trade growth; trade pattern; PIC economy; Exports; Imports; Comparative advantage; Trade balance; Global; Asia and Pacific; Australia and New Zealand; Pacific Islands; North America (search for similar items in EconPapers)
Pages: 32
Date: 2014-08-21
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Citations: View citations in EconPapers (5)

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Journal Article: Pacific Island Countries: In Search of a Trade Strategy (2019)
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