Private sector assessment for Palau : policies for sustainable growth revisited / Asian Development Bank.

Format:

Book

Author/Creator:

Asian Development Bank, author.

Language:

English

Subjects (All):

Palau--Economic conditions.

Palau.

Physical Description:

1 online resource (54 pages)

Edition:

1st ed.

Place of Publication:

Metro Manila, Philippines : Asian Development Bank, 2017.

Summary:

Palau's economy expanded strongly, with real gross domestic product (GDP) rising 5.3% in 2014 and 8.2% in 2015. Per capita GDP also increased; at the end of fiscal year 2015 it was in excess of $16,000---the highest among Asian Development Bank developing members in the Pacific. This strong performance, however, masks urgent issues threatening the sustainability of Palau's economy. This private sector assessment is based on in-depth consultation with the government and private sector. It recommends further reform, most notably in the areas of tourism policies and business law, as well as in the agriculture and finance sectors. It suggests that Palau's state-owned enterprises are inefficient and need to operate on commercial principles. Measures to promote equal access to economic opportunities for women and fiber optic connectivity with other countries are also provided.

Contents:

Cover

Title

Copyright

Contents

Tables, Figures, and Boxes

Tables

1 Reform Priorities for the Improvement of Palau's Business Environment

2 Key Recommendations to Drive Sustainable Economic Growth in Palau

3 Output by Economic Activity in Palau, 2001 and 2015

Figures

1 Output by Sector of Palau's Economy

2 Real Growth Rate of Palau's Economy, FY2001-FY2015

3 Growth Rate of Palau's Private Sector Output, FY2001-FY2014

4 Employment by Sector of Palau's Economy, 2015

5 Growth in Visitor Arrivals to Palau, 2008-2015

6 Volume of Tourists to Palau by Nationality, 2000

7 Volume of Tourists to Palau by Nationality, 2015

8 Receipts per Visitor Night and Spending per Tourist to Palau, 2008-2015

9 Security Interests Registered by Men and Women in Palau

Boxes

1 Conclusions of the Jamieson and Francisco Report on Tourism Policy Options in Palau

2 An Assessment of Small Business Lending Globally

3 Dealing with the Problem of "Fronts" through Reform of the Corporations Act

4 Features of Palau's Policy Statement on State-Owned Enterprises

5 Should State-Owned Enterprises Aim for Profitability?

About the Pacific Private Sector Development Initiative

Foreword

Abbreviations

Executive Summary and Recommendations

Suggested Priority Reforms

Key Recommendations

1 Overview

Outline of the Private Sector Assessment

Methodology of Private Sector Assessments

Political Economy, Governance, and the Private Sector Assessment

Other Issues of Political Economy

2 Structure and Performance of Palau's Economy

Structure of Palau's Economy

Growth of Palau's Economy

Labor and Employment

3 The 2007 Private Sector Assessment: Recommendations and Outcomes

4 Issues Facing Palau's Private Sector

Issues Identified by the Economic Advisory Group

Other Challenges.

5 Tourism

Introduction

Growth in Tourism

Tourism Spending

Rationale for Discouraging Low-End Tourism

A Discussion of Possible Policy Measures

Conclusion

6 Land

Ownership

Land Leasing Issues

7 Access to Finance

8 Agriculture

Agriculture and Aquaculture Policy Statement

Constraints and Policy Measures

9 Commercial Legal Framework

The Corporations Act

Licensing

Bankruptcy

Reforming Foreign Investment Legislation

10 Economic Empowerment of Women

11 Tax Policy

12 State-Owned Enterprises

13 How Does the Current Business Environment Disadvantage Palauans?

References.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed May 18, 2017).

ISBN:

9789292577568

9292577565