what are the four major socio-economic problems faced by the pacific island countries?
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Answer:
The impacts, particularly economic and social, pose serious political and national financial management issues for Pacific Island countries. Climate extreme events can adversely affect gross domestic product, balance of payments, budget deficits, foreign debt, unemployment, and living standards
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Examines the socio-economic situation of the least developed Pacific Island nations (Solomon Islands, Vanuatu, Samoa, Tuvalu and Kiribati) and the type of economics development advice which they have been given in recent years. Suggests that this advice was based on neo-classical models and was insensitive to the institutional and cultural backgrounds of these countries. Argues that because of the insensitivity, proposed policies may be doomed and could result in further economic hardship.