Are the Pacific Island Countries Ready for a Single Currency?

2007 ◽  
Vol 40 (2) ◽  
pp. 141-154 ◽  
Author(s):  
Kraiwinee. Bunyaratavej ◽  
T. K. Jayaraman
Keyword(s):  
Pacific Island ◽  
Single Currency ◽  
The Pacific ◽  
Pacific Island Countries

Dollarization of the South Pacific Island Countries: Results of a Preliminary Study

2005 ◽  
Vol 4 (2) ◽  
pp. 197-228 ◽  
Author(s):  
Keyword(s):  
South Pacific ◽  
Developed Countries ◽  
Pacific Island ◽  
The South ◽  
Fiscal Discipline ◽  
Single Currency ◽  
The Pacific ◽  
Pacific Island Countries ◽  
The Developed Countries ◽  
Optimum Currency

AbstractThis paper examines the case for adopting the Australian dollar as a common currency among the island countries in the South Pacific. The proposal of a single currency was informally floated by Australia at the Pacific Forum Leaders Meeting in Auckland, in August 2003. The Pacific Forum consists of 14 developing island countries and the developed countries in the region, namely, Australia and New Zealand. In early 2003, a committee of the Australian Senate recommended adoption of a single currency as a possible remedy to meet the deteriorating economic situations in the Pacific island countries, arising out of poor fiscal discipline and failure to effectively use external aid inflows. Successful adoption of a single currency with either a new currency or an existing currency of a dominant partner in trade and development requires the fulfillment of various prerequirements, which are well known as optimum currency area conditions. The paper assesses the feasibility of the proposal in the light of these conditions and concludes that the time for adoption has not yet arrived.

Tourism–growth nexus in Pacific Island Countries: A panel study on information and communication technology as a contingent factor

2019 ◽  
Vol 26 (3) ◽  
pp. 371-388
Author(s):  
Tiru K Jayaraman ◽  
Keshmeer Kanewar Makun
Keyword(s):  
Information And Communication Technology ◽  
Communication Technology ◽  
Panel Study ◽  
Threshold Level ◽  
Pacific Island ◽  
Long Run ◽  
The Pacific ◽  
Information And Communication ◽  
Contingent Factor ◽  
Pacific Island Countries

Growth in tourism earnings, aside from adding real resources in terms of foreign exchange and rising income in the organized sector of the hospitality industry, has given rise to employment opportunities in the informal sectors of the Pacific Island Countries (PICs). The spread of information and communication technology (ICT), on the other hand, has facilitated faster and smoother international tourism and provides greater opportunities for tourists travelling in interior islands for ecotourism and home stays at affordable costs. In this article, we assess the role of tourism with ICT as a contingent factor on economic growth in a panel study of five selected PICs. The results show that in the long run, tourism and ICT contribute around 0.25 and 0.02%, respectively. The interaction term of tourism with ICT is positive and statistically significant, indicating they act as complements. The complementary relationship begins to work when ICT reaches a certain threshold level.

Hybrid organisations contributing to wellbeing in Small Pacific Island Countries

2018 ◽  
Vol 9 (4) ◽  
pp. 490-514 ◽  
Author(s):  
Heather Douglas ◽  
Buriata Eti-Tofinga ◽  
Gurmeet Singh
Keyword(s):  
Common Good ◽  
Alternative Pathway ◽  
Small Island ◽  
Pacific Region ◽  
Pacific Island ◽  
Content Type ◽  
Philosophical Foundations ◽  
The Pacific ◽  
Pacific Island Countries ◽  
Hybrid Organisations

Purpose This paper aims to examine the contributions of hybrid organisations to wellbeing in small Pacific island countries. Design/methodology/approach The concept and different forms of hybrid organisations are examined, and then the operation and contributions to wellbeing of three Fijian hybrid organisations are considered. Findings Hybrid organisations in this region operate with a commitment to the common good and an ethic of care. Fijian hybrid organisations improve social and economic wellbeing for individuals, families and communities by providing employment, schools and training facilities, financial and support services, sustainable agriculture projects and facilitating networking. These services improve individual and community social and economic wellbeing, build resilience, add to personal and family security, offer opportunities for the future, advance leadership skills and sustain the environment. Commercial activities that support these organisations in their wellbeing endeavours include product sales, service fees, project levies and investment income. Research limitations/implications Generalisability beyond the Pacific region is not assured, as this review only examines hybrid organisations in small Pacific island countries. Practical implications Hybrid organisations offer an alternative pathway to achieve a sustainable enterprise economy, an approach that is more culturally relevant for the Pacific region. Policies to nurture the development of these organisations, and research into the startup, operation, impact and effectiveness of different hybrid organisation models would help to improve wellbeing in this region. International charities and aid agencies could advance the wellbeing of people living in this region by supporting the development of hybrid organisations. External agencies seeking to support hybrid organisation development are advised to consider providing funding through a regional agency rather than engaging directly with national governments. Social implications Developing a robust hybrid organisation sector will improve social and economic wellbeing for people living in small island nations. Originality/value As one of the first studies to examine wellbeing and hybrid organisations, this review adds to hybrid business theory by its consideration of small Pacific island countries. The authors add to existing understandings of how hybrid organisations contribute to social and economic wellbeing for individuals, families and communities. The review identifies each form hybrid organisational form adopts. Each has a central commitment to generating social and economic value but different revenue sources. The review adds valuable new knowledge to the limited scholarship of this region by identifying the philosophical foundations and contributions to wellbeing of these hybrid organisations. A future research agenda and policy development process is proposed to improve wellbeing and advance hybrid organisations in the region.

scholarly journals Putting WASH in the water cycle: climate change, water resources and the future of water, sanitation and hygiene challenges in Pacific Island Countries

2015 ◽  
Vol 5 (2) ◽  
pp. 183-191 ◽  
Author(s):  
Wade L. Hadwen ◽  
Bronwyn Powell ◽  
Morgan C. MacDonald ◽  
Mark Elliott ◽  
Terence Chan ◽  
...  
Keyword(s):  
Climate Change ◽  
Sea Level Rise ◽  
Sea Level ◽  
Water Resource Management ◽  
Water Cycle ◽  
Pacific Island ◽  
Water And Sanitation ◽  
Sanitation And Hygiene ◽  
The Pacific ◽  
Pacific Island Countries

The Pacific region presents some of the lowest water and sanitation coverage figures globally, with some countries showing stagnating or even declining access to improved water and sanitation. In addition, Pacific Island Countries (PICs) are among the most vulnerable countries on the globe to extreme and variable climatic events and sea-level rise caused by climate change. By exploring the state of water and sanitation coverage in PICs and projected climatic variations, we add to the growing case for conserving water, sanitation and hygiene (WASH) interventions within a holistic integrated water resource management (IWRM) framework. PICs face unique challenges of increasing variability in rainfall (leading to drought and flooding), increasing temperatures, and likely higher than average sea-level rise, all of which impact on freshwater security. Add to this geographic and economic isolation, and limited human and physical resources, and the challenge of WASH provision increases dramatically. In this setting, there is a stronger case than ever for adopting a holistic systems understanding, as promoted by IWRM frameworks, to WASH interventions so that they consider past and current challenges as well as future scenarios.

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