Papua New Guinea: Critical Development Constraints

Critical Development Constraints

Business & Finance, Economics, Economic Development, Nonfiction, Social & Cultural Studies, Political Science, Government, Public Policy
Cover of the book Papua New Guinea: Critical Development Constraints by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789290925828
Publisher: Asian Development Bank Publication: April 1, 2012
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789290925828
Publisher: Asian Development Bank
Publication: April 1, 2012
Imprint: Asian Development Bank
Language: English

Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.

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Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.

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