The rough global tide and political storm in Fiji call for swimming hard and fast but with a different stroke

Abstract

Fiji is currently facing one of its toughest times in history. The indirect impacts of the global financial crisis and the lack of aid money are likely to further weaken the economy and increase poverty. The stagnant economy is suffering from a lack of long-overdue reforms in many areas. If the caretaker government does not hasten the reform agenda and work within the opportunities available to increase productivity and gain some competitiveness, Fiji's medium to long-term growth prospects look bleak. While reform has to take on a holistic approach with the coherent implementation of policy actions, these efforts must be balanced to deal with the global crisis. Show more