Part II
Sustainable development and commercial opportunities
Although Pacific island countries cannot change the physical
circumstances of their size, natural resources, remoteness and susceptibility
to natural disasters, they can make themselves more resilient to the adverse
effects that often flow from these inherent impediments. In order to achieve
and sustain economic growth, they must find ways to make better use of their
natural resources, develop their skill base, keep the costs of production to a
minimum, attract investment, expand their overseas markets, and moderate the
devastating effects of cyclones, floods, droughts and other weather extremes.
In Part II of this report, the committee examines the ways in
which Pacific island countries are taking 'advantage of their disadvantages'.
The committee starts by examining the responses of Pacific
island countries to the main challenges they face in ensuring that their
natural resources are managed effectively and competently. The emphasis is on
food security, sustainable development and unlocking economic potential. It
considers the measures taken by Pacific island countries to develop and, at the
same time, protect their natural resources. The committee looks at agriculture,
fisheries, forestry and mining including the policies and practices that affect
sustainable development and economic growth. It also considers the growing
concerns about the effects of climate change on the livelihoods of the people
of the Pacific island countries.
The committee then turns to broader management issues. Its
main focus is on the economic and financial management in Pacific island
countries, and the role of government and its institutions in providing and
delivering services essential to economic growth. The key areas under
consideration are economic infrastructure, education, training and employment,
governance, the regulatory environment for business, land tenure and access to
finance.
Alongside this examination, the committee outlines the
measures that Australia is taking to assist Pacific island countries address
their economic and development problems.
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