Fiji's economic woes: a nation in search of development progress

Abstract

While recent economic stagnation is largely attributed to the May 2000 putsch, Fiji is still grappling with the political and economic problems triggered by the military coups of 1987. Despite efforts by various governments over the last two decades, economic decline has not been reversed. The lack of confidence in the economy and continuing decline in investment are major contributing factors to poor economic growth. The immediate challenge for Fiji is to reverse the economic decline through the promotion of private investment and increasing export competitiveness. Continuing political instability and the lack of a solution to the problem of property rights in land present difficult challenges. Show more