Monday, December 02, 2013

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[IWS] ADB: PACIFIC ECONOMIC MONITOR--DECEMBER 2013 [2 December 2013]

IWS Documented News Service

_______________________________

Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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Asian Development Bank (ADB)

 

PACIFIC ECONOMIC MONITOR--DECEMBER 2013 [2 December 2013]

http://www.adb.org/publications/pacific-economic-monitor-december-2013

or

http://www.adb.org/sites/default/files/pub/2013/pacmonitor-dec2013.pdf

[full-text, 36 pages]

 

Click on the following for access.

·         Pacific Economic Monitor Database (452.55 KB)

·         Charts Data (774.82 KB)

 

 

The theme of the policy briefs included in this issue is the economics of climate change and climate change financing challenges in the Pacific.

 

 

Highlights

 

Weak global growth is impacting the Pacific largely through lower commodity prices. Subdued global demand is keeping international commodity prices low—adversely affecting agriculture, mineral, and forestry export revenues of some Pacific economies.

 

Strong revenue performance in smaller Pacific economies has continued in 2013, while larger economies have struggled. For the second consecutive year, fishing license revenues are exceeding budget targets in Kiribati, the Marshall Islands, Nauru, and Tuvalu due to rising rates under a regional vessel day scheme. Tax collections in the Cook Islands, Fiji, and Vanuatu are also higher than expected.

 

Fiscal pressures are expected to increase in 2014. Public investments to support postcyclone recovery are expected to drive up debt levels and slow Samoa’s progress toward fiscal consolidation in the near term.

 

Climate change economic impacts and adaptation efforts in the Pacific. This issue’s policy briefs address the economics of climate change and climate change financing challenges in the Pacific.

Contents

 

Highlights

The Economic Setting

Country Economic Updates

Policy Briefs

Economics of Climate Change in the Pacific

Climate Change Impacts on Pacific Agriculture

Regional Disaster Risk Assessment and Pooling

Marshalling Climate Change Finance through Public Financial Management

Economic Indicators

 

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 




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