Item description for Swimming Against the Tide: An Assessment of the Private Sector in the Pacific Islands (ADB Pacific Studies series) by Asian Development Bank...
Published in 2004, this publication finds out why the Pacific Region has such poor economic performance despite the presence of high public investment rates and external funding (among the highest per capita in the world at the time).
A robust and vibrant private sector is vital to long-term growth, better quality of life, and reduced poverty in the Pacific Region. But the private sector can only flourish and create jobs in a business-friendly environment.
The region's small markets, remoteness, and vulnerability to natural disasters obstruct business; and weak macroeconomics, poor governance, extensive state involvement and weak regulation, underdeveloped financial markets, and policies that hinder business all handicap the private sector. The cost of doing business has thus shot up dramatically, contributing to economic stagnation.
As part of ADB's efforts to unfetter economic growth, this 2004 report raises critical issues and problems, evaluating them against international experience and best practices. It shows how to make credit more available to business, reduce state interference, clarify land rights while considering both commerce and culture, make trade policies more responsive to business, regulate monopolies more prudently, and help small rural enterprises.
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Studio: Asian Development Bank
Est. Packaging Dimensions: Length: 8.7" Width: 6" Height: 0.4" Weight: 0.75 lbs.
Release Date Oct 1, 2004
Publisher Asian Development Bank
ISBN 9715615341 ISBN13 9789715615341
Availability 0 units.
More About Asian Development Bank
Asian Development Bank is a mulitalateral development finance institution dedicated to reducing poverty in Asia and the Pacific.