Swimming Against the Tide? An Assessment of the Private Sector in the Pacific

Publication | January 2004

A robust and vibrant private sector is vital to the Pacific region's long-term economic growth and improved quality of life and is a necessary condition for sustained poverty reduction. But the private sector can only flourish and create employment opportunities when the environment in which it operates is welcoming to business. ADB recently launched an initiative to gain sharper insights into the issues inhibiting private sector development in the Pacific region. This publication contributes to the discussion by taking a hard look at the problems, evaluating them against international experience and best practices, and raising critical issues. Options and potential solutions to address these are offered to both governments and donors.

Contents 

  • Introduction
  • Analytic Approach
  • Characteristics of the Pacific Countries
  • Main Issues Faced by the Private Sector in the Pacific
  • Financial Markets in the Pacific
  • Land Issues
  • The State and the Private Sector
  • Sectoral Issues
  • Small and Medium Enterprise Development
  • Toward a Strategy for Private Sector Development in the Pacific