Paci c Economic Monitor
July 2017adb/pacmonitor
The
Monitor
provides an update of
developments in Paci c economies and
explores topical policy issues.
Contents
Highlights 1
The economic setting 3
Country economic issues 5
Policy briefs:
Timor-Leste: Improving connectivity
Pushing the boat out:
Sustainable and climate-resilient
Special supplement: Improving labor
marketoutcomes in the Paci c:
Policy challenges and priorities 27
Economic indicators 28
Highlights
global economic uncertainties. Although
growth in the world economy is seen to
accelerate through 2017 and 2018, potential
shifts in trade policies of some advanced
economies underpin a more guarded
outlook. Price prospects for Paci c exports
are mixed, while inbound tourism appears
to be slowing.
remoteness, Paci c economies are looking
to improve economic integration not
only through ICT and transport network
investments, but also by promoting greater
competition and private investment.
Enhanced connectivity, in turn, should
translate to more inclusive economic
opportunities and access to basic services.
With populations dispersed across a vast
ocean, efcient transport of passengers and
cargo has been a constant challenge in the
Paci c. The policy briefs in this issue discuss
the importance of sound trade policy,
innovative service delivery, and sustainable
infrastructure in boosting international
aswell as interislandows.
CONNECTING
THE PACIFIC
Investing in connectivity to link communities,
strengthen service delivery, and broaden
economic opportunities
INVESTMENT AND TRADE
FACILITATION
Incentives and customs
modernization to facilitate ows
BROADCASTING
Privatization for
expanded radio and
television coverage
ROADSMaintenance for sustainability
e-learninge-healthe-governance
Information and communication technology (ICT)
Submarine cable connections and competition promotion
Individuals using the
internet (% of population)Pacic: 29.8%World: 43.9%
e-commerce
SHIPPING AND PORTS
Franchise shipping schemes and
climate-proong infrastructure
Liner shipping connectivity index:
are in the Pacic
Every $1 in maintenance saves
$3 from lower vehicle operating
costs and faster travel
5 of 10 bottom countries
Source: Authorsˉ interpretation of ADB. 2003.
Asian Road
Funds and Road Maintenance: AnAsianPerspective.
Manila;
and World Bank. World Development Indicators online
database.
22Highlights
FSM = Federated States of Micronesia, GDP = gross domestic product, p=projection,
RMI=Republic of the
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