The objective of this essay is to deepen your understanding of macroeconomic issues in the Pacific Island Economies. The essay requires you to undertake research, collect relevant data, examine patterns, and identify reasons for the observed pattern. Feel free to go over journal articles, economic (quarterly) reviews released by Reserve Bank, research reports, blogs written by industry and academic experts, etc.
Undertake a succinct analysis of one macroeconomic issue/topic from the ones given below for one of the major Pacific Island Economies (Fiji, Tonga, Samoa, Solomon Islands, Vanuatu, and Papua New Guinea) for the period (2004-2018). You are free to choose a country of your interest.
Pick one of the macroeconomic topics from below:
- Economic growth
Write a well-structured essay on your selected macroeconomic topic. In your essay, you are required to:
- Show and discuss the trend
- Justify the trend with reference to different policies and events.
- Briefly discuss at least three policy measures that can be implemented to address the issue. The policy measures need to make sense in the context of the selected country.