文章基本信息

标题：Pacific Island Countries: In Search of a Trade Strategy
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作者：Hong Chen ; Lanieta Rauqeuqe ; Shiu Raj Singh 等
期刊名称：Journal of Banking and Financial Economics
电子版ISSN：2353-6845
出版年度：2019
卷号：2019
期号：2
页码：56-80
DOI：10.7172/2353-6845.jbfe.2019.2.4
语种：English
出版社：Uniwersytet Warszawski * Wydzial Zarzadzania,University of Warsaw, Faculty of Management
摘要：This paper examines the role of international trade for economic prosperity in Pacific island countries (PICs), discusses their comparative advantage, and explores the potential for trade, and tourism in particular, to serve as a locomotive for inclusive economic growth. We find the trade performance in PICs has been generally weak over the past decade, with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively poor performance. Using the gravity models to analyze the determinants of merchandise trade and tourism in PICs, we find tourism in these countries faces more favorable conditions for growth than goods exports. Further, we place our analysis in the context of the eastward shift of global economic gravity, focusing on emerging Asia as a source of demand for resource-based goods and services. We argue that the emergence of Asia as a dynamic global economic region presents PICs with an unprecedented opportunity to develop trade, particularly tourism, although traditional markets will remain important for a long time to come. Moreover, if stronger synergies can be established between tourism, agriculture, and fisheries, Pacific island countries stand a better chance to improve broad-based growth.