THE QUEST FOR A BETTER TRADE STRATEGY FOR THE PACIFIC ISLAND COUNTRIES
- 주제(키워드) INTERNATIONAL TRADE , International Trade , Developing Countries , PICs , Comparative Advantage , Economic growth , Trade Strategies
- 발행기관 아주대학교
- 지도교수 KIM, TAE BONG
- 발행년도 2017
- 학위수여년월 2017. 2
- 학위명 석사
- 학과 국제대학원 국제통상학과
- 실제URI http://www.dcollection.net/handler/ajou/000000024035
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
International trade is a major contributing factor to the economic success of every country in the world today. While most developing countries have capitalized on the expansion and changing patterns of international trade, Pacific Island countries are at the crossroads on whether to tap into the benefits and opportunities of international trade or being left behind. Small country size and isolation from global economic markets are the two major constraints that contribute to these moderately weak economic and development growths of most Pacific Island Countries. However, the changing patterns, expansion and interconnectedness of global trade present Pacific Island countries with a unique opportunity to engage meaningfully and capitalize on these opportunities with Asia and other regions. Therefore, the first section of this paper will present a brief overview of how international trade has evolved over the years and its benefits. But the main focus of this study is to analyze and discuss the economic performance of Pacific Island Countries (PICs) at the regional and International level. Further, it identifies and analyses PICs comparative advantages. Also, it identifies the major impediments that have hindered the economic growth of most PICs. The study concludes with recommendations and proposals on alternative trade strategies for policy makers to consider in order improving trade performance and economic growth not to mention, to promote the region and to engage meaningfully in international trade.
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Contents
Page
Abstract…………………………………………………………………………i
Acknowledgement………………………………………………………………ii
Abbreviation……………………………………………………………………iii
List of Tables……………………………………………………………………iv
List of Graphs…………………………………………………………………...v
Table of Contents………………………………………………………………vi-viii
CHAPTER 1: INTRODUCTION
1.1 Background……………………………………………………1-2
1.2 Changing Patterns of International Trade……………………2
1.3 Brief History- WTO, developing countries, and PICs…………3-4
1.4 PICs Trade Performances and Growth Constraints……………4-5
1.5 Significance of the Study……………………………………5
1.6 Limitations of the Study………………………………………5
1.7 Research Question……………………………………………6
1.8 Methods and Approaches………………………………………6
CHAPTER 2: LITERATURE REVIEW
2.1 International trade and developing countries…………………7-8
2.2 International trade and PICs…………………………………9-10
2.3 International and Regional Trade Agreements and PICs Membership…………………………………………10
2.3.1 WTO………………………………………………10-11
2.3.2 Trade Agreements connecting the Pacific to other regions………………………………………………11-13
2.3.3 Theories and Model of International Trade relevant to PICs context………………………………………………14-15
CHAPTER 3: PICs TRADE PERFORMANCE AND PATTERNS
3.1 Growth Performance…………………………………………16
3.1.1 Relatively Diversified Economies…………………………17-19
3.1.2 Resource Export-Led Economies…………………19-20
3.1.3 Smallest Island Economies with Limited Resource Bases…………………………………………………………………20-22
3.2 Summary of trade performance and patterns by PICs in tables, graphs, and figures……………………………………………………23-29
CHAPTER 4: PICs COMPARATIVE ADVANTAGE…………………………30-31
4.1 Natural Resources…………………………………………………31
4.2 Tourism……………………………………………………………32
4.3 Agriculture…………………………………………………………32
4.4 Services……………………………………………………………33
4.5 Manufacturing………………………………………………………33
4.6 Money Transfer Sector- Remittance………………………………33-34
CHAPTER 5: CROSS-CUTTING ISSUE ANALYSIS
5.1 Structural Constraints………………………………………………35
5.2 Nonstructural constraints……………………………………………36
5.2.1 Trade barriers- Tariffs…………………………………………36
5.2.2 Trade Facilitation- high trade facilitation costs and inefficient
customs procedures…………………………………………….37
5.2.3 Inadequate infrastructure ………………………………………37
5.2.4 Inefficient connectivity………………………………………37
5.2.5 Land Tenure issues……………………………………………38
5.2.6 Competition restriction due to state-owned enterprise monopolies………………………………………………………………………38
5.2.7 Lack of good governance, transparency and accountability……38
CHAPTER 6: RECOMMENDATIONS……………………………………………………39-43
CHAPTER 7: CONCLUSIONS………………………………………………44-45
REFERENCE…………………………………………………………………46-49
