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Structural reforms, political instability and economic growth in Fiji: sustainability in the long-run

Prasad, Biman C. and Reddy, Mahendra (2002) Structural reforms, political instability and economic growth in Fiji: sustainability in the long-run. Development Bulletin, 60 . pp. 79-82. ISSN 1035-1132

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    Abstract

    Fiji’s economic problems began in the mid-1980s when the first steps towards the introduction of structural adjustment policies were adopted in line with IMF guidelines. In 1984, the Alliance government introduced a wage freeze, adopted economic policy measures designed to bring fiscal discipline into the country, and moved towards restructuring other sectors of the economy. The economic decline was further aggravated by the military coups of 1987. Governments after 1987 continued with the structural reforms, which are now central to Fiji’s fundamental policy direction. Some of the reforms paid dividends in the form of economic growth and employment, but this was not sustainable. The putsch of May 2000 further eclipsed the growth potential in a struggling economy. The lack of investment, political uncertainty and the impending solutions to the property rights in land leases have further compounded Fiji’s economic woes.

    Item Type: Journal Article
    Subjects: H Social Sciences > HD Industries. Land use. Labor
    Divisions: Faculty of Business and Economics (FBE) > School of Economics
    Depositing User: Ms Shalni Sanjana
    Date Deposited: 15 May 2002 20:47
    Last Modified: 15 May 2012 20:47
    URI: http://repository.usp.ac.fj/id/eprint/4576
    UNSPECIFIED

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