Please use this identifier to cite or link to this item:
Title: Global financial crisis and economic downturn : challenges and opportunities for the small island countries in the Pacific
Authors: Jayaraman, Tiru K.
Keywords: States, Small -- Economic conditions
Islands -- Economic conditions -- Case studies
Pacific Area -- Economic conditions
Global Financial Crisis, 2008-2009
Issue Date: 2012
Publisher: University of Malta. Islands and Small States Institute
Citation: Jayaraman, T.K.( 2012). Global financial crisis and economic downturn: challenges and opportunities for the small island countries in the Pacific. Occasional Papers on Islands and Small States, 1, 1-14.
Abstract: The American financial crisis, which began in late 2007 and spread to the rest of the world, did not spare the remote, small islands in the Pacific. With the decline in economic activities in the advanced countries, the American financial crisis soon became a global economic crisis, triggering a world- wide recession since then. Following the onset of global recession, Pacific island counties have been experiencing the impact in varying degrees. The global crisis has posed challenges with both short- and long-term implications. While the short-term challenges are thought to be dealt with by fiscal and monetary policies, which have only a limited scope, the long-run challenges can be looked upon as opportunities for renewing efforts towards sustained growth as well as minimizing the impacts of similar future uncertainties. This paper, which deals with six major countries in the South Pacific region, namely Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu, seeks to examine policy options, including regional economic integration.
ISSN: 10246282
Appears in Collections:Scholarly Works - InsSSI

Files in This Item:
File Description SizeFormat 
Global_financial_crisis_and_economic_downturn.pdf123.06 kBAdobe PDFView/Open

Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.