The Impacts of the Global Economic Crisis on the Pacific Region | Remittance

Please download to get full document.

View again

of 28
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Information Report
Category:

Documents

Published:

Views: 16 | Pages: 28

Extension: PDF | Download: 0

Share
Related documents
Description
At a macroeconomic level, the global economic crisis has had less impact on many Pacific countries than on most other developing countries across the world. However, economic growth rates for most countries in the Pacific region are still expected to be low for 2009 and 2010. The main effects of the economic crisis include declining exports and government revenues, falling remittances and revenues from tourism and a loss in the value of trust funds. Pacific countries are heavily dependent on foreign aid and although aid programs so far have not been reduced, they remain vulnerable to political and economic changes and reductions in public support. While Pacific countries might be less affected by the economic crisis than other developing countries, many have been hit hard by the recent food and fuel crises and have a low capacity to respond to crisis impacts. Climate change has exacerbated food security and all indications are that the conditions that led to the food crisis in 2007 and 2008 are set to return.
Transcript
  ! # %&'()* +, * # -.+/(. 0)+1+&%) 23%4%4 +1 * # 5()% ! ) 3#6%+1 /7 8%&+1 9##17   : ! #$% '()*+$,-$ ! # %&'(&)*&+ ,*+&&*- ./+0*12 34. 56  78)*+/0'/9 7.: 566 #5; < <9 ./,/0123/4  =<! >#;> >??? 5$6)-%-,/4  =<! > ?@ !?>6 7%$-,4  +&)&/+(AB1CD/E91+F9/8 8/9)-*/4  GGG91CD/E91+F9/8 ! #$% :/; </$,$3= %&H&0 !- !? I&)* ,*+&&*- :&G*12- 78(J0/2K !!?6 :&G L&/0/2K ./,/0123/4   =<? > 66 <655 5$6)-%-,/4   =<? > 66 <656 7%$-,4  1CD/EB1CD/E91+F92M 8/9)-*/4   GGG91CD/E91+F92M .1/ -%0$6* 2# *1/ >,29$, 76232%-6 ?+-)-) 23 *1/ @$6- ! 6 +/A-23'(*12+4  ,'E12 N&&2O '6B32;,/=A%/3*)4  P/2O *A/2J) D1+ *A& (12*+'Q8*'12) 1D R/++O .1/*&)- S&00O T&2*- 70&C/2K+/ U/+*+&00- V1A2 S&00&A&+- ,&+&2/ %'0OGA'*&- P/O P'00&+WT/GJ'2)- .A+')/2*/ P80'- ,/E X/E)K&2- S/*& YAG/'*&) /2K V1& I&Q&+9 @(9,-)1/= 9C4  ZCD/E 78)*+/0'/- N&Q+8/+O- #5!5- P&0Q18+2&- 78)*+/0'/9 @+22#+/$=/+4  P&0/2'& ,(/'D& D/)-A3/+4  S'E [/O&) E*$*/%/3* 2# 620C+-A1*4  ZCD/E 78)*+/0'/ F'H&) \&+E'))'12 D1+ &C(&+\*) D+1E *A') Q11J *1 Q& \A1*1(1\'&K 1+ +&\+1K8(&K \+1H'K&K *A/* *A& )18+(& ') \+1\&+0O /2K (0&/+0O /(J21G0&KF&K9 D-)6,$-%/+4  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   J PQ,(& RB4*3(.%( E/2O \&1\0&]) &H&+OK/O 0'H&) ') 82(0&/+9 P/J'2F '2D&+&2(&) *A/* +&0O \+&K1E'2/2*0O 12 E/(+1&(121E'( K/*/ ') 21* /\\+1\+'/*& Q&(/8)& 2/*'12G'K& &(121E'( F+1G*A '2 *A& `/(' ! ( +&F'12 A/) 21* /0G/O) (12*+'Q8*&K *1 \1H&+*O /00&H'/*'12 1+ 0&K *1 'E\+1H&E&2*) '2 E/2O \&1\0&]) 0'H&)9 P&(A/2')E) G'*A GA'(A *A& 'E\/(*) 1D *A& (+')') (/2 Q& E12'*1+&K /* / (1EE82'*O /2K A18)&A10K 0&H&0 K12]* (8++&2*0O &C')* '2 `/(' ! ( (182*+'&) /2K )A180K Q& &)*/Q0')A&K9 P12'*1+'2F 'E\/(*) )A180K 1((8+ G'*A ('H'0 )1('&*O /2K (1EE82'*'&) *1 '2D1+E / (1E\+&A&2)'H& /2K (1A&)'H& +&)\12)& *A/* &DD&(*'H&0O E&&*) *A& 2&&K) 1D `/(' ! ( \&1\0&9IA'0& `/(' ! ( (182*+'&) E'FA* Q& 0&)) /DD&(*&K QO *A& Ua. *A/2 1*A&+ K&H&01\'2F (182*+'&)- E/2O A/H& Q&&2 A'* A/+K QO *A& +&(&2* D11K /2K D8&0 (+')&) /2K A/H& / 01G (/\/('*O *1 +&)\12K *1 (+')') 'E\/(*)9 .0'E/*& (A/2F& A/) &C/(&+Q/*&K D11K )&(8+'*O /2K /00 '2K'(/*'12) /+& *A/* *A& (12K'*'12) *A/* 0&K *1 *A& D11K (+')') '2 #55@ /2K #55; /+& )&* *1 +&*8+29 IA'0& `/\8/ :&G U8'2&/ /2K Y'E1+W%&)*& /+& G&00 \1)'*'12&K *1 82K&+*/J& ! )(/0 &C\/2)'12)- /KK'*'12/0 F+/2*) /+& 0'J&0O *1 Q& +&b8'+&K D+1E *A& '2*&+2/*'12/0 (1EE82'*O *1 \+1*&(* &))&2*'/0 &C\&2K'*8+&) '2 E/2O 1*A&+ `/(' ! ( (182*+'&)9 42*&+2/*'12/0 K121+) )A180K /))')* QO \+1H'K'2F `/(' ! ( (182*+O F1H&+2E&2*) G'*A Q8KF&* )8\\1+* *1 \+1*&(* )1('/0 &C\&2K'*8+&)- )8(A /) A&/0*A /2K &K8(/*'12- D+1E Q&'2F (8* D8+*A&+9 `10'(OE/J&+) /0)1 2&&K *1 (12)'K&+ A1G *1 'E\+1H& )&+H'(& K&0'H&+O /2K *A& &DD&(*'H&2&)) 1D )1('/0 )\&2K'2F '2 `/(' ! ( (182*+'&) *1 A&0\ E&&* \&1\0&]) 2&&K) *A+18FA18* *A& +&F'129 YA& &(121E'( (+')') +/')&) b8&)*'12) /Q18* GA/* D1+E 1D D8*8+& &(121E'( K&H&01\E&2* Q&)* )&+H&) `/(' ! ( 4)0/2K (182*+'&)9 a(121E'( K&H&01\E&2* ') E1)* &DD&(*'H& GA&2 '* +& &(*) *A& 2&&K) 1D *A& \&1\0&- *A&+&D1+& K121+)- )8(A /) 78)*+/0'/- )A180K )8\\1+* `/(' ! ( 4)0/2K F1H&+2E&2*) *1 E&/2'2FD800O &2F/F& *A&'+ \1\80/*'12) *1 (12)'K&+ *A&'+ D8*8+& &(121E'( K&H&01\E&2*9YA& *+/K'*'12/0 1+ (8)*1E &(121EO /2K *+/K'*'12/0 )8\\1+* )O)*&E) /))')* '2 E&&*'2F *A& 2&&K) 1D 0/+F& \+1\1+*'12) 1D *A& \1\80/*'12 '2 )1E& `/(' ! ( (182*+'&)9 YA& E/c1+'*O 1D \&1\0& 0'H& / )8Q)')*&2(& 1+ )&E'W)8Q)')*&2(& 0'D&)*O0& '2 +8+/0  7* / E/(+1&(121E'( 0&H&0- *A& U01Q/0 a(121E'( .+')') dUa.e A/) A/K 0&)) 'E\/(* 12 E/2O `/(' ! ( (182*+'&) *A/2 12 E1)* 1*A&+ K&H&01\'2F (182*+'&) /(+1)) *A& G1+0K9 [1G&H&+- *A') K1&) 21* 'E\0O *A/* `/(' ! ( (182*+O &(121E'&) /+& \&+D1+E'2F G&009 a(121E'( F+1G*A +/*&) D1+ E1)* (182*+'&) '2 *A& `/(' ! ( +&F'12 /+& &C\&(*&K *1 Q& 01G D1+ #55> /2K #5!5 /2K *A& E/c1+'*O 1D &(121E'&) /+& 0'J&0O *1 (12*+/(* 12 / \&+ (/\'*/ Q/)') '2 *A&)& O&/+)9  7 )*/Q0& Q/2J'2F )O)*&E- 01G 0&H&0) 1D E12&*')/*'12- )E/00 E/28D/(*8+'2F )&(*1+)- 01G 0&H&0) 1D D1+E/0 )&(*1+ &E\01OE&2* /2K 0/+F& \+1\1+*'12) 1D \1\80/*'12 0'H'2F '2 +8+/0 /+&/) +&0'/2* 12 )8Q)')*&2(& /F+'(80*8+& \+1H'K& `/(' ! ( (182*+'&) G'*A \+1*&(*'12 D+1E *A& 'E\/(*) 1D *A& Ua.9 ,*+12F *+/K'*'12/0 )1('/0 )8\\1+* )O)*&E) '2 *A&)& (182*+'&)- \/+*'(80/+0O *A+18FA &C*&2K&K D/E'0O 2&*G1+J)- (/2 \+1H'K& /2 'E\1+*/2* (8)A'12 *1 &(121E'( )A1(J)9 YA& E/'2 *+/2)E'))'12 E&(A/2')E) 1D *A& Ua. *1 *A& `/(' ! ( +&F'12 '2(08K& K&(0'2'2F &C\1+*) /2K F1H&+2E&2* +&H&28&)- D/00'2F +&E'**/2(&) /2K +&H&28&) D+1E *18+')E /2K / 01)) '2 *A& H/08& 1D *+8)* D82K)9 `/(' ! ( (182*+'&) /+& A&/H'0O K&\&2K&2* 12 D1+&'F2 /'K9 7'K \+1F+/E) *1 *A& `/(' ! ( +&F'12- )1 D/+- A/H& 21* Q&&2 +&K8(&K Q8* *A&O +&E/'2 H802&+/Q0& *1 \10'*'(/0 /2K &(121E'( (A/2F&) /2K +&K8(*'12) '2 \8Q0'( )8\\1+*9 4E\/(*) D+1E *A& Ua. /+& 12F1'2F /2K H/+O F+&/*0O /(+1)) `/(' ! ( (182*+'&)9 7* / E/(+1&(121E'( 0&H&0- *A& 7)'/2 T&H&01\E&2* R/2J d7TRe A/) 'K&2*' ! &K S'+'Q/*'- *A& ,101E12 4)0/2K) /2K Y8H/08 /) E1)* H802&+/Q0& *1 *A& 'E\/(*) 1D *A& Ua.9 S'+'Q/*' /2K Y8H/08 /+& \+'E/+'0O Q&'2F /DD&(*&K *A+18FA D/00) '2 *A& H/08& 1D *A&'+ *+8)* D82K) /2K / +&K8(*'12 '2 )&/D/+&+ +&E'**/2(&)9 YA& ,101E12 4)0/2K) ') Q&'2F /DD&(*&K *A+18FA D/00) '2 &C\1+*)- GA'(A '2 *8+2 /+& +&K8('2F F1H&+2E&2* +&H&28&)9 N8+*A&+- E/(+1&(121E'( 'E\/(*) D1+ N'c' /2K ,/E1/ /+& 0/+F&+ *A/2 1+'F'2/00O &C\&(*&K9 `/\8/ :&G U8'2&/- Y'E1+W%&)*& /2K 3/28/*8 /+& 0&/)* /DD&(*&K9 YA&)& (182*+'&) /+& &C\&(*&K *1 +&(1+K )*+12F &(121E'( F+1G*A +/*&) '2 #55> /2K #5!59 7 0/+F& \+1\1+*'12 1D *A& \1\80/*'12 0'H&) 18*)'K& *A& D1+E/0 &(121EO /2K /) / +&)80* *A& 'E\/(* 12 7 /6(*-F/ )(%%$+C
Recommended
View more...
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks