The Foundation for Development Cooperation submission: Senate Foreign Affairs, Defence and Trade Committe Senate Inquiry into economic and security challenges facing Papua New Guinea and the island states of the Southwest Pacific

Pacheco, Vladimir, Hynes, Veronica and Lee, Karen (2008) The Foundation for Development Cooperation submission: Senate Foreign Affairs, Defence and Trade Committe Senate Inquiry into economic and security challenges facing Papua New Guinea and the island states of the Southwest Pacific Brisbane, Australia: The Foundation for Development Cooperation (FDC)

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Author Pacheco, Vladimir
Hynes, Veronica
Lee, Karen
Title of report The Foundation for Development Cooperation submission: Senate Foreign Affairs, Defence and Trade Committe Senate Inquiry into economic and security challenges facing Papua New Guinea and the island states of the Southwest Pacific
Publication date 2008-10-17
Publisher The Foundation for Development Cooperation (FDC)
Place of publication Brisbane, Australia
Start page 1
End page 22
Total pages 22
Language eng
Subjects 720000 - Economic Framework
149999 Economics not elsewhere classified
910109 Savings and Investments
Abstract/Summary It is central to Australia’s national interests to seek to increase the nation’s influence in the rapidly evolving global order. An essential component of this task is for Australia to improve its relations with other actors in the Asia-Pacific region. As a key player in the region, Australia is in a unique position to help meet the economic and security challenges currently unfolding in the Pacific. According to the Pacific Survey 2008, economic performance in emerging Asia remains excellent and Africa has sustained 5 per cent growth in recent years. However, the Pacific region is missing out on much of this growth. Economies in the region grew by 3.1 per cent in 2006 and the global financial crisis presently unfolding is likely to stifle growth even more. Within this context the security and economic prospects for Papua New Guinea and the island states of the Southwest Pacific (Solomon Islands, Vanuatu and Fiji) are bleak but not inevitable. We think that there are a number of areas in which Australia can continue to make a valuable contribution to the prevention of further conflict and the promotion of economic growth within these countries. Our submission highlights the benefits of labour mobility, remittances and microfinance. We make a number of recommendations on the basis of our research findings, our experience with industry partners and studies done elsewhere that we believe are relevant and can assist the Committee in finding solutions to the challenges facing our neighbours. The scope of our submission is therefore set by our expertise in the above mentioned fields.
Q-Index Code KX
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Research Report
Collection: Centre for Social Responsibility in Mining Publications
 
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Created: Mon, 26 Sep 2011, 16:15:24 EST by Dr Vladimir Pacheco on behalf of Centre for Social Responsibility in Mining