Saturday, 23 October 2010

Remittances buoy small Pacific economies

WELLINGTON, New Zealand (Pacific Scoop, Oct. 14, 2010) – University researchers and Pacific Island people alike are claiming that not all Pacific Islands are as vulnerable as they may seem.

Geoff Bertram, senior economics lecturer at Victoria University and an authority on small Pacific Island societies, says that the situation in the Pacific Islands is not as bad as people seem to think.

"On the whole, the Pacific is in a good state," he says.

This is because of remittances – relatives in other countries supporting their families back home.

Dr. Melani Anae, senior lecturer in Pacific Studies at the University of Auckland, says this system is working well for Pacific nations such as Samoa and Tonga, to keep up the standard of living. Read more

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