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Reviving growth in the Fiji islands : are we swimming or sinking?

Prasad, Biman Chand and Narayan, Paresh Kumar 2008, Reviving growth in the Fiji islands : are we swimming or sinking?, Pacific economic bulletin, vol. 23, no. 2, pp. 5-26.

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Title Reviving growth in the Fiji islands : are we swimming or sinking?
Author(s) Prasad, Biman Chand
Narayan, Paresh Kumar
Journal name Pacific economic bulletin
Volume number 23
Issue number 2
Start page 5
End page 26
Publisher Australian National University
Place of publication Canberra
Publication date 2008
ISSN 0817-8038
Summary The Fiji government’s 2008 'budget for hope' rests on some fundamental assumptions: political stability, the recovery of key sectors of the economy from the effects of the 2006 coup, as well as the recovery of the tourism industry, an industry which in the past has been resilient to coups. With 34 per cent of the population already living below the poverty line, low economic growth could push significantly more people into poverty. If the increases in global food and fuel prices persist, creating even more difficulties for the poor, the prospect of social instability could heighten. In the absence of the expected recovery of these key sectors and the loss of skilled workers, achieving economic and social recovery will require political consensus to resolve the political impasse that has gripped the country. The Interim Government also needs to revisit its fiscal austerity package.
Language eng
Field of Research 140202 Economic Development and Growth
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, The Australian National University
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Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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