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Tracking Trade from Space: An Application to Pacific Island Countries

Tracking Trade from Space: An Application to Pacific Island Countries
Author: Mr. Serkan Arslanalp
Publisher: International Monetary Fund
Total Pages: 40
Release: 2021-08-20
Genre: Business & Economics
ISBN: 1513593536

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This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose risks to ports and supply chains. Using satellite-based vessel tracking data from the UN Global Platform, we construct daily indicators of port and trade activity for Pacific island countries. The algorithm significantly advances estimation techniques of previous studies, particularly by employing ways to overcome challenges with the estimation of cargo payloads, using detailed information on shipping liner schedules to validate port calls, and applying country-specific information to define port boundaries. The approach can complement and help fill gaps in official data, provide early warning signs of turning points in economic activity, and assist policymakers and international organizations to monitor and provide timely responses to shocks (e.g., COVID-19).


Pacific Island Countries

Pacific Island Countries
Author: Hong Chen
Publisher: International Monetary Fund
Total Pages: 32
Release: 2014-08-21
Genre: Business & Economics
ISBN: 1498324347

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International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively poor performance. However, the emergence of Asia as a global economic center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific island countries stands a better chance to improve broad-based growth.


Tuvalu

Tuvalu
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 81
Release: 2023-07-21
Genre: Business & Economics
ISBN:

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The 2023 Article IV Consultation discusses that a successful vaccination strategy allowed Tuvalu to lift coronavirus disease (COVID) containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real gross domestic product growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Growth is expected to accelerate as the lifting of COVID restrictions leads to the resumption of construction activity, shipping bottlenecks ease and the trade and hospitality sectors recover. Tuvalu is among the countries most vulnerable to the effects of climate change; its remote economy is dominated by the public sector; and its revenue base is narrow, with reliance on donor commitments further complicating fiscal planning. The economic setback due to the pandemic makes addressing these significant structural challenges more difficult. The report recommends promoting fiscal sustainability and building buffers by mobilizing revenues and rationalizing current expenditures.


Diversion of Tourism Flows in the Asia & Pacific Region: Lessons for COVID-19 Recovery

Diversion of Tourism Flows in the Asia & Pacific Region: Lessons for COVID-19 Recovery
Author: Vybhavi Balasundharam
Publisher: International Monetary Fund
Total Pages: 23
Release: 2021-08-20
Genre: Business & Economics
ISBN: 1513593447

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The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies in the Asia & Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery in countries that establish themselves as more attractive travel destinations than competitors. We investigate the impact of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism-dependent Pacific Island Countries (PICs). We find that PICs were generally resilient to external shocks and benefitted from diversion effects for certain types of shocks. For example, the share of departures from Australia to PICs increased by 12 percent during the SARS outbreak. We then derive policy implications for the post-COVID-19 revival of inbound tourism to PICs and lessons for the future.


Building Statistical Capacity in Fragile and Conflict-Affected States

Building Statistical Capacity in Fragile and Conflict-Affected States
Author: Ms. Stephanie C Medina Cas
Publisher: International Monetary Fund
Total Pages: 53
Release: 2022-02-25
Genre: Business & Economics
ISBN:

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Based on internal data, this paper finds that the capacity development program of the IMF’s Statistics Department has prioritized technical assistance and training to fragile and conflict-affected states. These interventions have yielded only slightly weaker results in fragile states than in other states. However, capacity development is constantly needed to make up for the dissipation of progress resulting from insufficient resources that fragile and conflict-affected states allocate to the statistical function, inadequate inter-agency coordination, and the pervasive impact of shocks exogenous to the statistical system. Greater coordination with other capacity development providers and within the IMF can help partially overcome low absorptive capacity in fragile states. Statistical capacity development is more effective when it is tailored to countries’ level of fragility.


World Economic Outlook, October 2023

World Economic Outlook, October 2023
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 182
Release: 2023-10-10
Genre: Business & Economics
ISBN:

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The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring inflation to target, while fiscal consolidation is needed to tackle soaring debts. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.


Unlocking Access to Climate Finance for Pacific Island Countries

Unlocking Access to Climate Finance for Pacific Island Countries
Author: Ms. Manal Fouad
Publisher: International Monetary Fund
Total Pages: 103
Release: 2021-09-24
Genre: Business & Economics
ISBN: 1513594222

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This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.


Migration and Transnationalism

Migration and Transnationalism
Author: Helen Lee
Publisher: ANU E Press
Total Pages: 242
Release: 2009-08-01
Genre: Political Science
ISBN: 1921536918

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Pacific Islanders have engaged in transnational practices since their first settlement of the many islands in the region. As they moved beyond the Pacific and settled in nations such as New Zealand, the U.S. and Australia these practices intensified and over time have profoundly shaped both home and diasporic communities. This edited volume begins with a detailed account of this history and the key issues in Pacific migration and transnationalism today. The papers that follow present a range of case studies that maintain this focus on both historical and contemporary perspectives. Each of the contributors goes beyond a narrowly economic focus to present the human face of migration and transnationalism; exploring questions of cultural values and identity, transformations in kinship, intergenerational change and the impact on home communities. Pacific migration and transnationalism are addressed in this volume in the context of increasing globalisation and growing concerns about the future social, political and economic security of the Pacific region. As the case studies presented here show, the future of the Pacific depends in many ways on the ties diasporic Islanders maintain with their homelands.


Monthly Catalog of United States Government Publications

Monthly Catalog of United States Government Publications
Author: United States. Superintendent of Documents
Publisher:
Total Pages: 992
Release: 1977
Genre: Government publications
ISBN:

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February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index


The Ocean and Cryosphere in a Changing Climate

The Ocean and Cryosphere in a Changing Climate
Author: Intergovernmental Panel on Climate Change (IPCC)
Publisher: Cambridge University Press
Total Pages: 1807
Release: 2022-05-19
Genre: Science
ISBN: 1009178466

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The Intergovernmental Panel on Climate Change (IPCC) is the leading international body for assessing the science related to climate change. It provides policymakers with regular assessments of the scientific basis of human-induced climate change, its impacts and future risks, and options for adaptation and mitigation. This IPCC Special Report on the Ocean and Cryosphere in a Changing Climate is the most comprehensive and up-to-date assessment of the observed and projected changes to the ocean and cryosphere and their associated impacts and risks, with a focus on resilience, risk management response options, and adaptation measures, considering both their potential and limitations. It brings together knowledge on physical and biogeochemical changes, the interplay with ecosystem changes, and the implications for human communities. It serves policymakers, decision makers, stakeholders, and all interested parties with unbiased, up-to-date, policy-relevant information. This title is also available as Open Access on Cambridge Core.