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Solomon Islands - Introductory economic report, Volume 1
Collection Title:A World Bank country studyCountry:Solomon Islands;
Date Stored:2003/08/01Document Date:1980/04/30
Document Type:PublicationSubTopics:Environmental Economics & Policies; Economic Theory & Research; Banks & Banking Reform; Poverty Assessment; Agricultural Knowledge and Information Systems
Language:EnglishMajor Sector:(Historic)Economic Policy
Region:East Asia and PacificReport Number:PUB2553
Sub Sectors:(Historic)Macro/non-tradeVolume No:1

Summary: The economy of the Soloman Islands, which is predominantly agricultural, has advanced at a satisfactory pace in recent years. However, export production from large-scale commercial operations provided the main momentum for growth, while smallholders did not benefit significantly. The four main development issues are: (i) employment creation; (ii) rural incomes; (iii) regional balance; and (iv) local participation in the economy. A balanced expansion of the exchange economy and human resource development should constitute the main objectives of the development strategy. Financing of greater investment will require vigorous efforts to mobilize domestic resources as well as a moderately increased reliance on foreign savings. The country's administrative capacity to formulate and implement the indicated projects and programs, and its ability to raise recurrent revenues are likely to be more serious limitations on development than the availability of external finance.

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