This website uses cookies to ensure you have the best experience. Learn more

Economics Of Fiji Essay

1550 words - 7 pages

Fiji is a group of volcanic islands in the South Pacific. The archipelago consists nearly of 900 islands and islets. Around 106 are permanently inhabited. The largest island, Viti Levu, covers about 57 % of the nation's land area. It also hosts the two most important cities, Suva, and Lautoka. Most other major towns contain around 70% of the population. Vanua Levu, north of Viti Levu, covers a little over 30 % of the land area and holds 15% of the population. The two main islands are mountainous, with peaks up to 1300 meters. Fiji gets a lot of rain per year and the tropical rain forests that developed on these mountains flourish. The lowlands on the western portions of each of the main ...view middle of the document...

Tourists will always come to the beautiful country and Fiji and when tourists come, straight profit is coming into the country (Fiji 93). As on 2004, the economy was projected to grow at a whooping 4.1% compared to a prediction of 3.9%. This positive revision is strongly caused by the stimulus of tourism. With a new plan of air services from Australia and New Zealand, Fiji will now be more affordable and much more economical to visit. It is also said that within the community, social, and personal services will contribute around 2.5% to the aggregate growth rate for 2004 (Fiji 93).
The sources of tourists for Fiji are Australia, New Zealand, the USA, Canada, etc. As shown in table below, of these countries, Australia is the single largest tourist source market followed by New Zealand and the USA. While Australia remains the most dominant source of tourists for Fiji, its share declined from 40 percent in the 1980-1988 period to 27 percent during the 1994-2001 period (Narayan 7).

Country 1980-1988 1992-2001

Australia 39.8 26.7
New Zealand 12.3 17.5
USA 18.1 14
Canada 7.8 3.6
UK 3.3 8.6
Europe 5.2 8.7
Japan 5.5 10.8
Pacific Islands 5.5 6
Others 2.5 4.1
With Fiji being one of the largest Pacific island countries, it is considered to be a “lower-middle-income” country. One major crop that plays an important role in GDP for the country of Fiji is sugarcane (Prasad 2). With more than 75% of the households in Fiji working part-time and or full-time in production of agriculture or livestock, sugarcane farming has dominated commercial activity (Prasad 3). Even though sugarcane farming has said to been declining in recent years, it still pulls in $320 million dollars a year. This is worth nearly around 13% of the GDP per year. Even though sugarcane seems to be the best thing to hit Fiji, it still encounters problem (Prasad 3). The access to land is a huge factor. Most of the land that is used to harvest sugarcane is not owned by companies or households (Prasad 4). They are rented on 30 year leases by banks and the government. The workers of these fields can only nearly work and never have a say to regulate the fields. Although this may cause problems within the growth rate and GDP, Fiji continues to prosper and the numbers improve for years to come (Prasad 4).
A problem that faces Fiji is the poverty that takes place. This opposite side that economists use states that poverty strategies are unlikely to take place and succeed if a country is unable to achieve significant economic growth (Kumar 1). Several sources have reaffirmed the relationship between economic growth and poverty. Fiji’s growth rate over the last 30 years has been irregular, lopsided, and is too minimal for any reduction to take place. Nevertheless, this source proclaims that the prospect for growth in Fiji is diminishing quickly (Kumar 1). One important factor that comes into play is that Fiji has experienced severe political disturbances. This affect resulted in the...

Other Papers Like Economics of Fiji

The Effects Of Macroeconomic Evils On Property And Violent Crimes In Malaysia

6868 words - 28 pages categories of crime and their socioeconomic determinants: Evidence from Australia. Applied Economics, 28, 1093-1104. Meera, A. K. & Jayakumar, M. D. (1995). Determinants of crime in a developing country: a regression model. Applied Economics, 27, 455-460. Narayan. P. K. & Narayan, S. (2005). Estimating income and price elasticities of imports for Fiji in a cointegration framework. Economic Modelling, 22, pp. 423-438. Narayan, P. K. & Smyth, R

Inflation and Growth Essay

3423 words - 14 pages Inflation and Economic Growth, Economics Department - Reserve Bank of Fiji, Working Paper 2004/04 John Elder
(2004): Another Perspective on the Effects of Inflation Uncertainty, Journal of Money, Credit and Banking, Vol. 36, No. 5 (Oct., 2004), pp. 911-928 Does inflation hurt long-run economic growth? FEDERAL RESERVE BANK OF SAN FRANCISCO Robert J. Barro (2013): Inflation and Economic Growth, Annals Of Economics And Finance 14-1, 85–109 (2013

Global Economic Development

2760 words - 12 pages -Poor Tourism: Is there value beyond the rhetoric?. In: T. V. Singh, ed. Critical debates in tourism. Bristol: Channel View Publications, pp. 124-132. Scheyvens, R. & Russell, M. (2011) Tourism and poverty alleviation in Fiji: comparing the impacts of small-and large-scale tourism enterprises. Journal of Sustainable Tourism, 20(3), pp. 417-436. [accessed 9 March 2014] Schubert, S

Cca Logistics

6060 words - 25 pages travels between the aisles. First come first served also applied when the AR/RS is being used in the system. In this case, Coca Cola Amatil (CCA) is an Australian company that works in food and beverage industry in Australia. It is one of the largest non-alcoholic drink producer in the Asia-Pacific and also top five Coca Cola’ bottler in the world. In addition, it operates in five countries, such as Australia, New Zealand, Fiji, Indonesia and Papua


3734 words - 15 pages , South Africa, Togo, Uganda, United Republic of Tanzania, Zambia | Burundi, Congo, Democratic Republic of the Congo, Ethiopia, Lesotho, Malawi, Mozambique, Rwanda, Sierra Leone, Sudan, Zimbabwe | Arab States | Egypt, Jordan, Lebanon, Yemen |   | Asia | Bangladesh, Cambodia, India, Indonesia, Lao People’s Democratic Republic, Mongolia, Nepal, Pakistan, Philippines, Sri Lanka, Thailand | China, Fiji, Papua New Guinea, Viet Nam | Europe and

Acca Entry

3850 words - 16 pages | |Diploma (2 years) |Sufficient for Registration | |Diploma in Environmental Health from Fiji School of Medicine |Sufficient for Registration | |Paramedical Diploma from Fiji School of Medicine |Sufficient for Registration | Accreditation January 2007 Top

International Economies Theory

4241 words - 17 pages International Economics Theory & Policy The Pearson Series in Economics Abel/Bernanke/Croushore Macroeconomics* Bade/Parkin Foundations of Economics* Berck/Helfand The Economics of the Environment Bierman/Fernandez Game Theory with Economic Applications Blanchard Macroeconomics* Blau/Ferber/Winkler The Economics of Women, Men and Work Boardman/Greenberg/Vining/ Weimer Cost-Benefit Analysis Boyer Principles of Transportation Economics

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

Related Essays

Industrial Relations Essay

2340 words - 10 pages -profiles/WCMS_158895/lang--en/index.htm Khan, A., & Khan, R. (2001). Trends in Industrial Disputes in Fiji, 1987-2001. In Fijian Studies Vol.5 (Vol. IV). Fiji Institute of Applied Science. Lansbury, R. D. (2000, July). Workplace Change and Employment Relations Reform in Australia: Prospects for a New Social Partnership? I. Sydney, Australia: School of Economics and Political Science, University of Sydney. Raj, C. (2007, December 7). Trade

Market Structures Essay

1996 words - 8 pages Market Structures University of Phoenix December 17, 2007 Introduction Economics is a social science that seeks to analyze and describe the production, distribution, and consumption of wealth (Encyclopedia Britannica, 2007). Through this study, economists have grouped industries into four separate market structures: pure competition, pure monopoly, monopolistic competition, and oligopoly (McConnell & Brue, 2004). To gain a better

Socialism Vs. Capitalism Essay

2335 words - 10 pages living are much lower than the average country. Now the exact opposite seems to be shown in Japan. Japan appears to have a low amount of corruption and a high level of ease when conducting business within markets; however, my findings tell me that opening a business in Japan would be harder than conducting business for a company (Overholt). This relationship can also be seen in the figures for Fiji and Poland. These countries have done a better

How International Differences In The Ownership And Financing Of Companies Could Lead To Differences In Financial Reporting

1888 words - 8 pages based on capital markets, while Fiji and Papua New Guinea do depend heavily on credit markets, in which case commercial banks and other credit institutions do play a dominant role in their financing. In these two last countries mentioned above, banks as well as other financial institutions do take up a bigger chunk of equity in these local companies and the equity financing option is very limited. For example, only 16 companies have their stocks