| Description |
xviii, 173 pages : illustrations, map ; 25 cm |
| Series |
International development issues, 0818-4815 ; no. 53 |
|
International development issues ; no. 53
|
| Contents |
Chapter 1. Socioeconomic conditions -- Population -- Economic and social development - overview -- The role of women -- Foreign aid -- The role of churches and non-government organisations -- Overview of the informal sector -- ch. 2. Constraints to development -- Relatively late introduction to modern development -- An evolving democratic political system -- A complicated customary land tenure system -- A difficult physical terrain and small, fragmented markets -- A high cost and uncompetitive wage structure -- Deteriorating and inadequate infrastructure -- Law and order problems -- Increasing policy instability -- Cultural issues -- ch. 3. Economic and sectoral overview -- Economic growth and the balance of payments -- The exchange rate, inflation and interest rates -- Employment and indicators of competitiveness -- Agriculture -- Forestry -- Fisheries -- Mining and petroleum -- Manufacturing -- Tourism -- ch. 4. Macroeconomic policy -- Fiscal policy in a small open economy - the guiding principles -- The role of monetary policy -- The budget deficit and external debt repayments - recent lessons -- The 1999 Budget - expenditure and revenue initiatives -- The 1999 Budget and macroeconomic prospects -- ch. 5. Economic policy and the informal sector -- Resource mobilisation - background -- Poverty within subsistence affluence -- Relevance of macroeconomic stability -- Impact of the 'hard kina' policy -- The informal sector under the floating kina - evidence to date -- Tariff reform, taxation policy and community charges -- Provincial government reform and service delivery -- Focus on the core functions of government -- ch. 6. Prospects and key policy issues |
| Summary |
This report explores the economic incentives needed to develop the emerging opportunities in the cash economy in Papua New Guinea. Up to 85 per cent of the population live in traditional rural communities, with the majority of the population supported by semi-subsistence agriculture. While PNG is classified as a low-middle income country, its social indicators are closer to those of low-income countries. Evidence suggests that economic activity in the informal sector has substantial capacity to expand through the more intensive use of PNG's two most abundant resources, land and labour. The fundamental point is made that it is economic policy which determines whether PNG's economic assets will be mobilised or invested productively |
| Notes |
"1999 report"--cover |
|
"June 1999" |
| Bibliography |
Includes bibliographical references |
| Notes |
Commonwealth of Australia 2000 |
|
International development issues no:53 0818-4815 |
| Subject |
Informal sector (Economics) -- Papua New Guinea.
|
| SUBJECT |
Papua New Guinea -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh2008116521
|
|
Papua New Guinea http://id.loc.gov/authorities/names/n81034915 -- Economic policy.
http://id.loc.gov/authorities/subjects/sh99005752
|
|
Papua New Guinea http://id.loc.gov/authorities/names/n81034915 -- Social conditions. http://id.loc.gov/authorities/subjects/sh2001008850
|
| Author |
Harden, Arthur Robert.
|
|
Australian Agency for International Development.
|
| ISSN |
0818-4815 |
| ISBN |
0642422605 |
|
