By World Bank
Following the East Asian monetary problem, the Pacific Island Member nations (PMC) seem to be headed towards recession. The governments are more and more acutely aware that state-led development, dependent upon excessive degrees of public funding and fiscal reduction, has no longer considerably elevated in line with capita source of revenue or the standard of lifestyles. development a extra resilient financial base has develop into an issue of political urgency. This file discusses how the PMC's improvement time table may be carried out and emphasizes interlinking subject matters approximately improving the function of presidency.
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Sample text
Governments also provide the physical infrastructure required for waste management and the institutions required to oversee high risk commercial activities such as logging, and monitor environmental conditions (see Annex 4 and World Bank RER 1993). TELECOMMUNICATIONS AND KNOWLEDGE to relevant Access MANAGEMENT. information and knowledge is essential to integrate the Pacific Islands into the global economy. In the twenty-first century, the global market will be linked electronically, and commodities will be cheap and trade will be global.
Also, returns to - education are especially high at the primary level because universal basic literacy yields large externalities. Educating girls, for example, is linked to better health for women and their children, and lower fertility rates 6 At the same time, the governments should ensure that post-primary students, who now swell enrollments in primary schools in Fiji, Vanuatu and the Solomon Islands, have access to continuing education. Recently, the pressure of these post-primary students has led to the sharp increase in community day schools in the Solomon Islands.
Furthermore,educationin the PMC countries tends to be expensivebecause of the high cost of internal transport arising from the fragmentationof the land mass of each island nation. The question whether the present basic educationsystem (primary and junior secondaryschools)is developing the skills appropriate to the formal and subsistence economies of the island-states has not yet been conclusivelyaddressed. Educational outcomes in all the PMCs except Tonga are poor in developing required skills, but especially so since education accounts for more than a quarter of public expenditure when government, donor and private financing are taken into account.