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Economic growth, investment, confidence and poverty reduction in Fiji: semi-rational exuberance? | Devpolicy Blog from the Development Policy Centre

Economic growth, investment, confidence and poverty reduction in Fiji: semi-rational exuberance? | Devpolicy Blog from the Development Policy Centre | Fiji EDP | Scoop.it
Julia Sacay's insight:

Fiji has made a minor recovery since 2011 but it still struggles. Fiji still had yet to grow and is hoped to soon. Along with minor growth Fiji has had increasing poverty since 1970. Fiji's poverty has been increasing while the rest of the world has been decresing.

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ACIAR: Oysters opening up opportunities for Fiji communities

ACIAR: Oysters opening up opportunities for Fiji communities | Fiji EDP | Scoop.it
Pearl farming is often considered big business, a rich man's game. Not so in Fiji, where communities, particularly women's groups, are increasingly involved in various aspects of the complicated animal husbandry process that ...
Julia Sacay's insight:

Small and isolated villages of Fiji have now found a way support themselves through the collection and growing of pearls. This is greatly helping Fiji's economy because they previously relied purely on tourism and fishing. 

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Tourism set to boost economic status - Fiji Times Online

WHILE the sugar industry is taking a slow tumble, tourism has emerged as a potential major source of support towards Fiji's sagging economy.

This sector, according to Fiji National University's Professor Tiru Jayaraman, has been recognised as one of the most important income-generating sectors in many economies of the sub-region in the Pacific.


Via Paul Sloan, Natalie Nowatzke
Julia Sacay's insight:

Professor Tiru Jayaraman has said that earnings from tourism have increased almost 30 percent and tourism accounts for over 25 percent of Fiji's GDP. 

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Tuna strategy to benefit economy - Fiji Times

Tuna strategy to benefit economy - Fiji Times | Fiji EDP | Scoop.it
Fiji Broadcasting Corporation Tuna strategy to benefit economy Fiji Times A DETAILED recommendation on how to develop smaller-scale and locally-owned fisheries that will maximise economic returns, create local jobs and better protect Fiji's...

Via Global Aqua Link, Natalie Nowatzke
Julia Sacay's insight:

A recent report has stated that small developing island countries have the possibility to greatly improve their economic well being by changing the way they operate tuna fisheries. The report also stated this could lead to an increase in $44 million of their overall GDP. 

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Fiji thrives in tourism - Fiji Times

Fiji thrives in tourism
Fiji Times
And according to ANZ's Asia Pacific Economics quarterly report, Fiji was one of the largest Pacific economies and was systemically important to the tourism industry in the region.

Via Natalie Nowatzke
Julia Sacay's insight:

Asia Pacific Economics quarterly report has stated that Fiji is now one of the largest  economies in the Pacific and it has gotten there due to tourism. In the last 12 years Fiji's GDP has increased an average of 6.3 percent per year and now accounts for 48 percent of all tourism.  

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RBF reflects on positive growth - Fiji Times

Fiji Broadcasting Corporation RBF reflects on positive growth Fiji Times Update: 4:35PM THE recent upward revision of the 2014 gross domestic product (GDP) projection for the Fijian economy is a reflection of continued buoyant domestic conditions,...
Julia Sacay's insight:

The governor of the Reserve Bank of Fiji, Barry Whiteside, recently released a statement saying that an expansionary expenditure plan will begin soon. This plan will hopefully lead to positive growth. 

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Rebalancing of economy needed in Fiji: ADB

Rebalancing of economy needed in Fiji: ADB | Fiji EDP | Scoop.it
The Asian Development Bank says Fiji needs to rebalance its economy away from consumer-driven growth which it says is not sustainable in the medium term. In its flagship report for...
Julia Sacay's insight:

The asian development bank is suggesting that Fiji steers away from tourism-driven growth, as it isn't sustainable for forever. Although some think this Fiji still continues to show growth and is projected to grow 3% in 2015.

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Effectiveness of sanctions against Fiji rated poorly - Radio New Zealand

Effectiveness of sanctions against Fiji rated poorly - Radio New Zealand | Fiji EDP | Scoop.it
Effectiveness of sanctions against Fiji rated poorly Radio New Zealand Dr Hufbauer, who is a senior fellow of the Peterson Institute of Economics, told Sally Round elections promised for this year have bumped up the score only a little, on a scale...

Via Natalie Nowatzke
Julia Sacay's insight:

The effectiveness of the sanctions put in place by New Zealand and Australia have received very low case scores. These sanctions include the travel ban put on regime measures. The man in charge of the scores, Dr. Hufbauer, has promised to bump the scales only a little. 

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Shark-Dive Tourism in Fiji Worth US$42.2 Million a Year - Pew Environment Group

Shark-Dive Tourism in Fiji Worth US$42.2 Million a Year - Pew Environment Group | Fiji EDP | Scoop.it
A new analysis by the Australian Institute of Marine Science and the University of Western Australia concluded that in 2010, shark-related diving contributed $42.2 million ($73 million Fijian) to the economy of Fiji.

Via Wildlife Defence , Natalie Nowatzke
Julia Sacay's insight:

The University of Western Australia has released a statement saying that $73 million Fijian has added to the economy of Fiji through shark-related diving. Sharks are now becoming a tourism pull factor for Fiji which is leading to the creation of Shark sanctuaries. 

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0.4 pc drop in arrivals - Fiji Times

0.4 pc drop in arrivals
Fiji Times
And according to ANZ's Asia Pacific Economics quarterly report, Fiji was one of the largest Pacific economies and was systemically important to the tourism industry in the region.

Via Natalie Nowatzke
Julia Sacay's insight:

Last year Fiji experienced a 0.4 percent decrease in the amount of visitors from the year previous. Although they experienced a drop, the people are still optimistic about their economy and believe there is a lot of positive changes to come. 

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Optimism builds up - Fiji Times

Optimism builds up - Fiji Times | Fiji EDP | Scoop.it
Optimism builds up
Fiji Times
FINANCE permanent secretary Filimoni Waqabaca believes the recent positive announcements by two statutory bodies indicate the state of Fiji's economy and reflects the optimism that is building up.
Julia Sacay's insight:

Optimism continues to build in Fiji as good news continues to flow throughout this developing country. This includes the recent transfer of almost $40 million to government compromising, the recent collection of $413 million in income tax, and much more. 

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