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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
3. Theses(Master)
THE QUEST FOR A BETTER TRADE STRATEGY FOR THE PACIFIC ISLAND COUNTRIES
- Author(s)
- NAMALIU, NATHAN BOXING
- Advisor
- KIM, TAE BONG
- Department
- 국제대학원 국제통상학과
- Publisher
- Graduate School of International Studies Ajou University
- Publication Year
- 2017-02
- Language
- eng
- Keyword
- INTERNATIONAL TRADE; International Trade; Developing Countries; PICs; Comparative Advantage; Economic growth; Trade Strategies
- Alternative Abstract
- 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.
- Fulltext
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- Special Graduate Schools > Graduate School of International Studies > Department of International Trade > 3. Theses(Master)
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