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Challenges and Prospects for Small Island Developing States SIDS Biman C Prasad School of Economics

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A good description of the special characteristics of small island states ' ... (3) The Thailand-Philippines/EU over margins for preference for canned tuna. ... – PowerPoint PPT presentation

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Title: Challenges and Prospects for Small Island Developing States SIDS Biman C Prasad School of Economics


1
Challenges and Prospects for Small Island
Developing States (SIDS)Biman C PrasadSchool
of EconomicsFaculty of Business and
EconomicsThe University of the South
PacificSuva, Fiji IslandsPhone 679
3232568Fax 679 3232522Email Chand_b_at_usp.ac.fj
2
3 Very good papers
  • Rethinking the State Examples from the
    Southwest Pacific by Manuhuia Barcham and BK
    Greener-Barcham
  • INSTITUTIONAL-BUILDING WITH A FOCUS ON SMALL
    STATES by Nadia Farrugia
  • Trade in Institutions and the Integration of
    Small States to the World Economy, by Edgardo
    Favaro

3
Barcham and BK Greener-Barcham
  • useful and timely rethinking of the role of the
    state in SIDS
  • both states and markets fail and both are related
    to each other.
  • state structure is a product of western colonial
    influence and governance,
  • weakening of western systems of governance and
    for law and order has been responsible for the
    ethnic conflict and violence that the authors
    have talked about.

4
Nadia Farrugia
  • A good description of the special characteristics
    of small island states
  • problem of economic development is not one of
    getting prices right. get the rules right
    (Bromley, 1999)
  • The role of institutions in small island states
    ties in well with two global processes- the MDG
    and multilateral trade negotiations

5
Edgardo Favaro
  • valuable perspective on the link between global
    integration, provision of public goods and how
    institutions could be traded between developed
    countries and developing countries.
  • a good description of the characteristics of
    small states and the rationale and logic of
    looking at trading institutions.

6
Methodological issues
  • agreements among countries through which smaller
    (and/or less developed) countries attach to
    larger and/or more developed countries and
    benefit from the latters more developed
    institutions
  • cross-country agreements through which countries
    share social and physical infrastructure.
  • The case studies chosen support the validity of
    the arguments used in the paper.

7
Trade in institutions is not enough
  • Many institutions cannot be traded
  • Reform of some national and traditional
    institutions are not easy
  • Many countries are making efforts towards trading
    institutions
  • Some have already tried in the past and got it
    wrong
  • Need to identify the conditions of trade which
    will produce optimum outcomes

8
Some General comments on challenges facing SIDS
  • 2 global processes
  • Targets set in the MDGs
  • Multilateral trade negotiations under WTO

9
MDG Targets
  • Science and Technology
  • Urban and Rural investment strategies for the
    Development of Infrastructure
  • Climate Change and Environmental Management
  • Regional and Public goods

10
Multilateral Negotiations- WTO issues
  • preferential market access and erosion of
    preferences for SIDS.
  • disputes to the WTO
  • (1) Banana Dispute
  • (2) Sugar Dispute- Brazil and Australia/Thailand
    and the EU over subsidies in the EU sugar regime
  • (3) The Thailand-Philippines/EU over margins for
    preference for canned tuna. Fiji, Mauritius,
    Papua New Guinea, Fiji and Seychelles
  • (4) the current negotiations over the fisheries
    subsidies under the WTO could undermine the
    revenue potential of small island economies- many
    of them dependent on access fees for their
    revenue.

11
Concluding Comments
  • trade preferences short to medium term goal.
  • long-term the challenge for SIDS - opportunities
    from global economic integration.
  • SIDS will have to invest significant amount of
    state resources to reform their national
    institutions to facilitate exports through
    regional and global trading agreements.

12
  • Small-island developing states will have to also
    invest significantly in the social and economic
    infrastructure to facilitate trade and attract
    investment.
  • Apart from developing the right institutions,
    they also need to significantly boost their
    spending on infrastructure.

13
Concluding Comments Cont..
  • Perhaps SIDS need to focus more on infrastructure
    through international loans and seek to change
    aid priorities to boost infrastructure
    development.
  • Many donors and lenders seem to have moved away
    from aid for infrastructure to aid for governance
    institutions and development.
  • focus on infrastructure remains an important
    consideration.
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