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World Bank Publications

Enhancing the Role of Government in the Pacific Island Economies

Enhancing the Role of Government in the Pacific Island Economies

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Following the East Asian financial crisis, the Pacific Island Member Countries (PMC) appear to be headed toward recession. The governments are increasingly aware that state-led growth, based upon high levels of public investment and financial aid, has not substantially increased per capita income or the quality of life. Building a more resilient economic base has become a matter of political urgency. This report discusses how the PMC's development agenda could be implemented and emphasizes interlinking themes about enhancing the role of government.
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