Reforming Trade Policy in Papua New Guinea and the Pacific Islands

Reforming Trade Policy in Papua New Guinea and the Pacific Islands PDF Author: Kym Anderson
Publisher: University of Adelaide Press
ISBN: 0980623898
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
The countries of the South Pacific have struggled to generate sustainable economic growth since their independence. Interventionist policies have failed in the past here, as they have in all other regions. Business and government leaders in this region are now beginning to acknowledge - as has happened in many other developing country regions over the past two decades - that major reforms are needed to put their economies onto a higher growth path. This study examines the growth record of key Pacific island economies and identifies the reasons for their relatively poor performance. It then looks at the process of globalization that is affecting those and indeed all economies increasingly; and the role the WTO has played in that process.

Reforming Trade Policy in Papua New Guinea and the Pacific Islands

Reforming Trade Policy in Papua New Guinea and the Pacific Islands PDF Author: Kym Anderson
Publisher: University of Adelaide Press
ISBN: 0980623898
Category : Business & Economics
Languages : en
Pages : 224

Get Book Here

Book Description
The countries of the South Pacific have struggled to generate sustainable economic growth since their independence. Interventionist policies have failed in the past here, as they have in all other regions. Business and government leaders in this region are now beginning to acknowledge - as has happened in many other developing country regions over the past two decades - that major reforms are needed to put their economies onto a higher growth path. This study examines the growth record of key Pacific island economies and identifies the reasons for their relatively poor performance. It then looks at the process of globalization that is affecting those and indeed all economies increasingly; and the role the WTO has played in that process.

Inclusive Growth, Full Employment, and Structural Change

Inclusive Growth, Full Employment, and Structural Change PDF Author: Jesus Felipe
Publisher: Anthem Press
ISBN: 0857289586
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
'Inclusive Growth, Full Employment, and Structural Change: Implications and Policies for Developing Asia' discusses policies to achieve inclusive growth in developing Asia, including agriculture, investment, certain state interventions, monetary, fiscal, and the role of the state as employer of last resort. Felipe argues that full employment of the labor force is the key to delivering inclusive growth. Full employment is the most direct way to improve the well-being of the people, especially of the most disadvantaged. Since unemployment and underemployment are pervasive in many parts of the region, Asian leaders must commit to the goal of full employment. The book also analyzes the region's phenomenal growth in recent decades in terms of structural transformation. Accelerating it is vital for the continued growth of developing Asia. But efforts to achieve full employment might be held back given that structural transformation requires massive labor shifts across sectors, and these are difficult to coordinate. Moreover, the goal of full employment was abandoned in the 1970s, and governments and central banks have since concentrated on keeping inflation low.

Economic Policy Reforms 2021 Going for Growth: Shaping a Vibrant Recovery

Economic Policy Reforms 2021 Going for Growth: Shaping a Vibrant Recovery PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264911375
Category :
Languages : en
Pages : 247

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Book Description
Going for Growth 2021 identifies country-specific structural policy priorities for the recovery across OECD and key non-member countries (Argentina, Brazil, The People’s Republic of China, Costa Rica, India, Indonesia and South Africa). It frames the main policy challenges of the current juncture along three main areas: building resilience; facilitating reallocation and boosting productivity growth for all; and supporting people in transition.

Industrial Policy and Economic Transformation in Africa

Industrial Policy and Economic Transformation in Africa PDF Author: Akbar Noman
Publisher: Columbia University Press
ISBN: 0231540779
Category : Business & Economics
Languages : en
Pages : 469

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Book Description
The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.

Papua New Guinea

Papua New Guinea PDF Author: John Connell
Publisher: Routledge
ISBN: 1134938322
Category : Business & Economics
Languages : en
Pages : 374

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Book Description
Since 1975 the economy of Papua New Guinea has focused on mineral, rather than agricultural production as previously. This is the first book to look at these changes in a complex, rapidly evolving nation from an economic perspective.

Policy Making and Implementation

Policy Making and Implementation PDF Author: Ronald James May
Publisher: ANU E Press
ISBN: 1921536691
Category : Political Science
Languages : en
Pages : 413

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Book Description
There is a vast literature on the principles of public administration and good governance, and no shortage of theoreticians, practitioners and donors eager to push for public sector reform, especially in less-developed countries. Papua New Guinea has had its share of public sector reforms, frequently under the influence of multinational agencies and aid donors. Yet there seems to be a general consensus, both within and outside Papua New Guinea, that policy making and implementation have fallen short of expectations, that there has been a failure to achieve 'good governance'. This volume, which brings together a number of Papua New Guinean and Australian-based scholars and practitioners with deep familiarity of policy making in Papua New Guinea, examines the record of policy making and implementation in Papua New Guinea since independence. It reviews the history of public sector reform in Papua New Guinea, and provides case studies of policy making and implementation in a number of areas, including the economy, agriculture, mineral development, health, education, lands, environment, forestry, decentralization, law and order, defence, women and foreign affairs, privatization, and AIDS. Policy is continuously evolving, but this study documents the processes of policy making and implementation over a number of years, with the hope that a better understanding of past successes and failures will contribute to improved governance in the future.

Yali's Question

Yali's Question PDF Author: Frederick Errington
Publisher: University of Chicago Press
ISBN: 9780226217451
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
Yali's Question is the story of a remarkable physical and social creation—Ramu Sugar Limited (RSL), a sugar plantation created in a remote part of Papua New Guinea. As an embodiment of imported industrial production, RSL's smoke-belching, steam-shrieking factory and vast fields of carefully tended sugar cane contrast sharply with the surrounding grassland. RSL not only dominates the landscape, but also shapes those culturally diverse thousands who left their homes to work there. To understand the creation of such a startling place, Frederick Errington and Deborah Gewertz explore the perspectives of the diverse participants that had a hand in its creation. In examining these views, they also consider those of Yali, a local Papua New Guinean political leader. Significantly, Yali features not only in the story of RSL, but also in Jared Diamond's Pulitzer Prize winning world history Guns, Germs, and Steel—a history probed through its contrast with RSL's. The authors' disagreement with Diamond stems, not from the generality of his focus and the specificity of theirs, but from a difference in view about how history is made—and from an insistence that those with power be held accountable for affecting history.

Resources Booms and Macroeconomic Adjustments in Developing Countries

Resources Booms and Macroeconomic Adjustments in Developing Countries PDF Author: Mamta Banu Chowdhury
Publisher: Routledge
ISBN: 1351150146
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Chowdhury addresses fundamental issues of policy management in resource-based developing countries, by providing an extension of the existing 'Dutch Disease' theory and its applications to the developing country context. The impact of resources booms is of paramount importance for the developing economies. To date the analytical and empirical investigations of these issues have not been available. Essentially, this study will fill this gap. The book investigates the macroeconomic impact of a resources boom and the long-term growth implications of related policy choices with reference to Papua New Guinea. Like many other primary commodity exporting developing economies, Papua New Guinea experienced several short-lived export booms over the past two and a half decades, providing a fascinating case study of potential gains from resources booms and the accompanying complex problems of policy management. This study also incorporates a comparative study of resources boom and policy management issues between Papua New Guinea, Indonesia and Nigeria.

Global Productivity

Global Productivity PDF Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 571

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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity.The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity.Martin Neil BailySenior Fellow, The Brookings InstitutionFormer Chair, U.S. President’s Council of Economic AdvisersThis is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read.Nicholas BloomWilliam D. Eberle Professor of Economics,Stanford UniversityThe COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects.John FernaldSchroders Chaired Professor of European Competitiveness and Reformand Professor of Economics, INSEAD

Lao PDR

Lao PDR PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292579940
Category : Business & Economics
Languages : en
Pages : 314

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Book Description
The Lao People's Democratic Republic (Lao PDR) has shown remarkable progress by consistently building itself into a market-oriented economy, with economic growth in 1986-2016 averaging around 6.5% per annum. The rapid and sustained growth brought about changes in the structure of output, but did not alter job composition: resource-based products still dominate in industry, low value-added jobs in services, and 65% of the labor force in agriculture. This country diagnostic study provides comprehensive analysis and identifies promising new drivers of growth which the Lao PDR can develop to diversify its production structure and speed up structural transformation.