The Pacific Blue Economy: Towards Economies of Scale
(The author acknowledges the support of the Fiji National University and the Office of the Vice Chancellor in expediting this research.) One of the challenges of the Pacific is that 90 percent of the total Pacific population live in only 3 nations, namely, PNG, Fiji and the Solomon Islands. 6 nations have populations of less than 20,000 and 6 have populations that are less than 300,000. This raises the point that because of their smallness it makes sense for many Pacific nations to develop economies of scale and form an Economic union. 1 - Economic Developments in Pacific Island Countries Summary of key economic points and strategies The Pacific region benefited from economic growth in Asian nations like China, South Korea, Japan and India. It is important that while Pacific nations nurture trade ties to traditional partners like Australia and New Zealand that they also strengthen links with Asia. S&P Global Inc notes that economies in the Asia-Pacific region will dominate glob