Private Sector Assessment for Palau: Policies for Sustainable Growth Revisited

by Asian Development Bank

Overview

Palau's economy expanded strongly, with real gross domestic product (GDP) rising 5.3% in 2014 and 8.2% in 2015. Per capita GDP also increased; at the end of fiscal year 2015 it was in excess of $16,000---the highest among Asian Development Bank developing members in the Pacific. This strong performance, however, masks urgent issues threatening the sustainability of Palau's economy. This private sector assessment is based on in-depth consultation with the government and private sector. It recommends further reform, most notably in the areas of tourism policies and business law, as well as in the agriculture and finance sectors. It suggests that Palau's state-owned enterprises are inefficient and need to operate on commercial principles. Measures to promote equal access to economic opportunities for women and fiber optic connectivity with other countries are also provided.

Product Details

ISBN-13:	9789292577568
Publisher:	Asian Development Bank
Publication date:	02/01/2017
Series:	Country Sector and Thematic Assessments
Sold by:	Barnes & Noble
Format:	eBook
Pages:	68
File size:	3 MB
Age Range:	18 Years