Show simple item record

dc.contributor.authorJiajun, Xu
dc.contributor.authorGuo, Ruofei
dc.coverage.spatialSOLOMON ISLANDS
dc.coverage.spatialCHINA
dc.creatorUN.ESCAP
dc.date.accessioned2024-03-04T08:14:54Z
dc.date.available2024-03-04T08:14:54Z
dc.date.issued2023-11
dc.identifier.urihttps://hdl.handle.net/20.500.12870/6841
dc.description.abstractThis report employs the Global Identification and Facilitation Framework to the Solomon Islands, aiming to reveal latent comparative advantages and propose targeted national policies. By analyzing the factor endowments, the paper argues that due to abundant natural resources and limited capital formation, the Solomon Islands should focus on developing labor-intensive light manufacturing and resource-based manufacturing. In light of potentials and feasibilities, the paper identifies China as a benchmark country that could serve as a reference and provide industrial transfer opportunities, given its industrialization trajectories and relocation possibilities of light manufacturing sector. The identified key constraints to the recommended specialization include low accessibility of electricity, high transportation, and labor cost. Therefore, to stimulate structural economic transformation in the Solomon Islands, the report highlights the need for the government to actively seek external funding for infrastructural improvement and gradually raise the reserve ratio to reduce the real exchange rate and avoid “Dutch disease”.
dc.description.tableofcontents<p>This report employs the Global Identification and Facilitation Framework to the Solomon Islands, aiming to reveal latent comparative advantages and propose targeted national policies. By analyzing the factor endowments, the paper argues that due to abundant natural resources and limited capital formation, the Solomon Islands should focus on developing labor-intensive light manufacturing and resource-based manufacturing. In light of potentials and feasibilities, the paper identifies China as a benchmark country that could serve as a reference and provide industrial transfer opportunities, given its industrialization trajectories and relocation possibilities of light manufacturing sector. The identified key constraints to the recommended specialization include low accessibility of electricity, high transportation, and labor cost. Therefore, to stimulate structural economic transformation in the Solomon Islands, the report highlights the need for the government to actively seek external funding for infrastructural improvement and gradually raise the reserve ratio to reduce the real exchange rate and avoid &ldquo;Dutch disease&rdquo;.</p>
dc.format.extent39 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUN.ESCAP
dc.relation.ispartofseriesCSS Working Papers
dc.relation.ispartofseriesESCAP Working Paper
dc.rightsThis publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source.
dc.rightsUse may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.
dc.titleApplying the growth identification and facilitation framework to the small island Developing States : the case of Solomon Islands
dc.typeText
dcterms.accessRightsOpen Access
dc.rights.holderUnited Nations
dc.subject.unbistMANUFACTURING
dc.subject.unbistINDUSTRIALIZATION
dc.subject.unbistPHYSICAL INFRASTRUCTURE
dc.subject.unbistDEVELOPING ISLAND COUNTRIES
escap.publisherPlaceBangkok
escap.doctypeWorking paper
escap.programmeOfWorkCountries in Special Situations
escap.areasOfWorkCountries in Special Situations
escap.bibLevelMonograph
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactUnitCountries in Special Situations Section
escap.ispartofseriesnoCSS Working Papers ; No. 23-3, November 2023
dc.date.escap2024-03
dc.relation.ispartofseriesnoNo. 23-3, November 2023


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record