Innovative Policy Reforms for Sustainable Development: Empirical Evidence from PICs
Amaradasa Dr Ranasinghe M.W.
Additional contact information
Amaradasa Dr Ranasinghe M.W.: The University of Fiji, Fiji Islands
Economics, 2018, vol. 6, issue 2, 79-85
The science and technology capabilities inculcate economic growth in a country through various processes engaged with absorption and utilization of existing knowledge, and creation of new knowledge. The Pacific Island Countries consisted of many small developing island nations naturally have limited S&T capabilities and narrow development agenda. The present study explores how different island nations in the Pacific configure themselves and design development initiatives in the global economy. Recent policy initiatives, S&T establishments and innovative approaches in PICs are visited to derive reasonable conclusive remarks. The analysis disclose existence of focussed but partially fragmented move towards sustainable development rather than driving the economy for generating a competitive edge in the business world. The fabric of the economic growth in small developing nations is naturally blended with the social and cultural interests and hence innovations across specific segments of economic sectors are chosen based on their capabilities and access to resources. Hence, the evidence reimpose that fact that the small developing nations, in particularly the PICs, select the path of development to generate the competitive advantage in the global market, while emphasizing sustainability as a priority.
Keywords: sustainable development; Pacific Island Countries; Innovations in small developing nations (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:6:y:2018:i:2:p:79-85:n:8
Access Statistics for this article
Economics is currently edited by Petar Đukić
More articles in Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().