The Fiji economy, May 1987: problems and prospects
On 14 May 1987 a group of Fijian soldiers led by Colonel Rabuka entered the House of Representatives and escorted the Prime Minister, the Leader of the Labour Coalition Government and his Cabinet colleagues out of the House. The ensuing events had profound effects on Fiji's small economy. The fall in tourist traffic, flight of skilled manpower and capital, and a loss of confidence in the modern sector of the economy led to a currency devaluation of 33 per cent. In 1987 Fiji's GDP fell 11...[Show more]
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