Pacific Island Economies: Performance, Growth Prospects and the Impact of the Asian Economic Crisis

The small Pacific island economies are increasingly challenged by globalisation. This paper, drawing on the limited literature, surveys the economic performance and growth prospects of six of the economies for which fair economic data are available, with special reference to the impact of the Asian crisis. Developments and problems are discussed country by country and sector by sector. In conclusion the author indicates the reforms needed to raise living standards in these small countries.