Premium Essay

Economics of Fiji

In:

Submitted By blaine
Words 1535
Pages 7
Fiji is a group of volcanic islands in the South Pacific. The archipelago consists nearly of 900 islands and islets. Around 106 are permanently inhabited. The largest island, Viti Levu, covers about 57 % of the nation's land area. It also hosts the two most important cities, Suva, and Lautoka. Most other major towns contain around 70% of the population. Vanua Levu, north of Viti Levu, covers a little over 30 % of the land area and holds 15% of the population. The two main islands are mountainous, with peaks up to 1300 meters. Fiji gets a lot of rain per year and the tropical rain forests that developed on these mountains flourish. The lowlands on the western portions of each of the main islands are sheltered by the mountains. These spots are well equipped for a dry and well-marked season which is favorable to crops such as sugarcane.
In the past decade, the island of Fiji has had a very unstable pattern for economic growth.
Year Real GDP Population Real GDP per capita RealGrowth Rate
1995 1,519,000,000 767,936 1978 4.81%
1996 1,592,000,000 775,950 2052 -2.20%
1997 1,557,000,000 783,156 1988 1.28%
1998 1,577,000,000 789,680 1997 8.81%
1999 1,716,000,000 795,788 2156 -1.69%
2000 1,687,000,000 801,681 2104 1.96%
2001 1,720,000,000 807,329 2130 3%
2002 1,775,000,000 812,658 2184 1.01%
2003 1,793,000,000 817,791 2192 5%
2004 1,888,000,000 822,885 2294 0.69%
2005 1,901,000,000 828,046 2296 3.42%
2006 1,966,000,000 833,330 2359
From the evidence above, you can see the real growth rate of Fiji and its unstable condition. The real GDP and population have been growing every year on up. Although there was a small but short decline of real GDP per capita through the years 1997 to 1998, it still continues to rise year and year. Many reasons can apply to this growth rate, but economists still say that Fiji is up and on the rise due to the fact that it is a very

Similar Documents

Premium Essay

Industrial Relations

...HRM 603: Comparative Studies of Industrial or Employment Relations Assignment 1 Trimester 3 2013 HRM 603: Comparative Studies of Industrial or Employment Relations Assignment 1 Trimester 3 2013 Name: Cagi Merelita ID no.: 2011001230 Table of Contents Introduction 1 The development & evolution of IR/ER system 2 The development & evolution of IR/ER system in the Fiji Island 3 The IR/ER system of Australia against that of the Fiji Islands 4 The emerging issues & recent trends in IR/ER in both nations 5 Considered key roles & responsibilities by the major actors in an IR/ER system in each country 6 Major actor’s roles & responsibilities that are considered most significant in an IR/ER context & why 8 Bibliography 9 Introduction Employment Relations are the employer and employee relationship, it also describes the relationship between workers and employers in business (Employer and Employee Relations, 2011). Employment Relations is important because it encourages motivation, it builds up the reputation of a worker and the business through the increase in number of potential customers, investors and staff, increase in productivity output, efficiency and profit levels (Employer and Employee Relations, 2011). With the changing industrial landscape in every country or nation, the growth of new townships/cities and the dispersal of activity, a process of ‘industrial culturalisation’...

Words: 2317 - Pages: 10

Premium Essay

A Case Study of Banks in Fiji

...A CASE STUDY ON BANKS IN FIJI COMPILED BY: SHINAL PRIYANKA CHAND 1 INTRODUCTION Fiji has a well developed financial system that not only is secure and sound but has remained flexible despite the recent global financial crisis. The strong involvement of the banking industry to the Fiji Financial System has been a major factor in this regard. Over the years the Banks have invested heavily in Fiji and have remained committed to delivering services that have helped shape and develop our country into what it is today. At the end of 2010 the commercial bank’s assets alone was approximately 42% of the entire financial system and this highlights the importance of this industry in the local economy. The value of total assets of the commercial banks at the end of 2010 was $4.5b and equates to around 75% of GDP. Commercial banks are financial institutions that primarily intermediate between the savers and the borrowers in an economy. They also buy and sell foreign currencies and facilitate trade and the transfer of payments both domestically and across international borders. It is these very transactions that help to pay for our salaries, the importation of goods and services that we use almost every day, and provide the much needed capital for investment. At the end of 2010, the total loan book value of all banks stood at $3.1b and this has grown by 159% over the last 10 years. Furthermore, Commercial banks play an important...

Words: 4408 - Pages: 18

Premium Essay

Imperialism In Fiji

...Fiji Island is a “pearl” embedded in the South Pacific Ocean. With thick tropical trees shading the cool sands, white beaches glistening in the sun, and colored ocean water accompanying grotesque coral reefs and fish, you will be amazed by the vitality and brightness of Fiji, an island full of imagination. With an official language of English, Fiji welcomes tourists all around the world. Housing Fiji is a suitable place for water sports due to its island location: golf, scuba-diving, cross-country adventure, bamboo rafting, yacht cruising, etc. Fiji has a tropical marine climate which is warm year round, with an average temperature of 22 掳C, so the houses are wooden and ventilated to lower the temperature. Belief and Taboo Fiji people are...

Words: 546 - Pages: 3

Premium Essay

Strategic Marketing & Planning, 2009 Fiji Water

...Strategic Marketing & Planning, 2009 Fiji Water Executive Summary: There are multiple recent strategic issues that the bottled water company Fiji Water is facing. The economic recession has led to a change in consumer purchasing trends, and the bottled water category is not as stable financially as it used to be. Environmental issues, such as waste and pollution, are also affected Fiji Water and its competitors. Bottled Water companies are attempting to shift packaging and shipping to more ecologically friendly materials and modes, as consumers favor environmentally sustainable products. Additionally, as consumers focus on obtaining healthier lifestyles and diets, they have begun to question the safety and purity of the water that bottled water companies are producing. Fiji Water has been affected greatly by all of these issues, as well as negative press about the socio-economic conditions of their souring location, and in 2008 was forced to layoff 40% of their staffing resources. With limited resources, an action plan going forward must be cost efficient and extremely effective. By analyzing and critiquing four potential strategic options, a rational next step for Fiji Water can be discovered. By supporting this plan with marketing tactics and communication, it can attempt to stimulate growth for the company. Current Overview: History: Fiji Water is bottled water artesian water that was founded in 1993 in Colorado and first produced and sold to the world...

Words: 10365 - Pages: 42

Free Essay

Suva

...Executive Summary Suva is the capital of Fiji. It is located in the southeast coast of Viti Levu Island. The population of this city as in 2012 was 89,038. It is the main spot in Fiji. Sugar and tourism industry are two major industries in Fiji. With a mix of traditional infrastructures and modern architectures and the unique natural scenery, Suva attracts a lot of tourists to visit yearly. The most tourists are from Australia, New Zealand, U.S.A and Europe. When the visa-free policy approved in 2009, the number of Chinese tourists is increasing. And low price also is a reason that tourist choose Suva as a destination of holiday. Even though, the city is with wonderful nature, there are some issues are affecting the development of tourism industry. The increasing crime rate is continuing problem in Suva. The crime occurred frequently in Suva create a sense of fear in the minds of visitors. According to the official crime statistics, a total of 8,012 crimes were recorded. The safety issue is related to whether tourists would choose this place as a destination or not. With the development of tourism industry in Fiji, the environmental degradation is one situation that we need pay more attention. The air pollution caused by increased urbanisation and industrial growth is destroying the nature and damaging the people’s health. And increasing waste disposal make the environment become worse. Poor hygienic conditions are damage to environment as well as stop the tourists to visit...

Words: 3347 - Pages: 14

Premium Essay

Fiii Water Case Study

...Introduction Relations between the Fijian government and FIJI Water have been tense since early 2008 when the new military government seemed to suddenly notice the huge exporter (accounting for 20% of Fiji’s total exports) (Dornan). Though there are a variety of disputes, I will focus on two in particular 1) The Fijian government’s belief that FIJI Water is engaging in transfer pricing. 2) The Fijian government’s repeated efforts to tax the company. At this point both sides have lost face in standoffs, and the tension is building. While the company may not be popular with the national government, FIJI Water is a star in its community. Since opening in 1995 it has provided a great deal of aid to the villages surrounding the bottling plant, creating goodwill that can be used to appeal to the Fijian government. Following an analysis of the above issues, I will detail my two recommendations in improving relations with the Fijian government. Taxing Battles When FIJI Water first opened its factory in 1995, the government at the time granted the corporation a thirteen year tax holiday. As a result, the company has paid very few taxes since beginning operations. When Commodore Frank Bainimarama rose to power in 2006, two years still remained on FIJI Water’s tax holiday. But in July 2008, without consulting the company, the Fijian government imposed a tax of $.20F per liter of water. In response FIJI Water threatened to shut down, frightening the government...

Words: 1776 - Pages: 8

Premium Essay

Fiji Water

...Industry 5 2.3 Economic 7 2.4 Social 7 2.5 Technology 7 2.6 Natural 8 3.0 SWOT Analysis 9 4.0 Alternatives 9 4.1 Alternative #1: Maintain business model 9 4.2 Alternative #2: Change business model 10 4.3 Alternative #3: Combination of new product and sustainable conduct 11 5.0 Evaluation 12 5.1 Analysis of the Alternatives 12 5.1.0 Alternative 1 12 5.1.1 Alternative 2 13 5.1.2 Alternative 3 13 6.0 Recommendations 13 7.0 Action Plan 14 8.0 Contingency Plan 15 9.0 Conclusion 15 10.0 References 16 Introduction FIJI Water was founded David Gilmour a Canadian hotel and gold mining mogul. In 1996, FIJI Water started its operations in the Islands of Fiji (McMaster & Nowak, 2009). They leased land from the Fijian government that was located on top of a massive artesian aquifer in the Yaqara Valley of Fiji's main island (McMaster & Nowak, 2009). FIJI Water was able to successfully attract consumers to its pure artesian water with slogans like "untouched" and "unpolluted" (McMaster & Nowak, 2009). With adopting a successful branding and marketing strategy, FIJI Water gained competitive advantage over its competitors through creating a unique brand image that is portrayed healthy, trendy, and high-end. Recently, FIJI Water has been facing heavy criticism not just for its carbon footprint, but also for its entire business model of shipping a product (water) to markets where high quality water is readily available for free. This report will discuss FIJI Water’s future...

Words: 4384 - Pages: 18

Premium Essay

Fiji Case

... Relations between the Fijian government and FIJI Water have been tense since early 2008 when the new military government seemed to suddenly notice the huge exporter (accounting for 20% of Fiji’s total exports) (Dornan). Though there are a variety of disputes, I will focus on two in particular 1) The Fijian government’s belief that FIJI Water is engaging in transfer pricing. 2) The Fijian government’s repeated efforts to tax the company. At this point both sides have lost face in standoffs, and the tension is building. While the company may not be popular with the national government, FIJI Water is a star in its community. Since opening in 1995 it has provided a great deal of aid to the villages surrounding the bottling plant, creating goodwill that can be used to appeal to the Fijian government. Following an analysis of the above issues, I will detail my two recommendations in improving relations with the Fijian government. Taxing Battles When FIJI Water first opened its factory in 1995, the government at the time granted the corporation a thirteen year tax holiday. As a result, the company has paid very few taxes since beginning operations. When Commodore Frank Bainimarama rose to power in 2006, two years still remained on FIJI Water’s tax holiday. But in July 2008, without consulting the company, the Fijian government imposed a tax of $.20F per liter of water. In response FIJI Water threatened to shut down, frightening the government...

Words: 1706 - Pages: 7

Premium Essay

Fiji

... Relations between the Fijian government and FIJI Water have been tense since early 2008 when the new military government seemed to suddenly notice the huge exporter (accounting for 20% of Fiji’s total exports) (Dornan). Though there are a variety of disputes, I will focus on two in particular 1) The Fijian government’s belief that FIJI Water is engaging in transfer pricing. 2) The Fijian government’s repeated efforts to tax the company. At this point both sides have lost face in standoffs, and the tension is building. While the company may not be popular with the national government, FIJI Water is a star in its community. Since opening in 1995 it has provided a great deal of aid to the villages surrounding the bottling plant, creating goodwill that can be used to appeal to the Fijian government. Following an analysis of the above issues, I will detail my two recommendations in improving relations with the Fijian government. Taxing Battles When FIJI Water first opened its factory in 1995, the government at the time granted the corporation a thirteen year tax holiday. As a result, the company has paid very few taxes since beginning operations. When Commodore Frank Bainimarama rose to power in 2006, two years still remained on FIJI Water’s tax holiday. But in July 2008, without consulting the company, the Fijian government imposed a tax of $.20F per liter of water. In response FIJI Water threatened to shut down, frightening the government...

Words: 1703 - Pages: 7

Premium Essay

Disadvantages Of Foreign Aid

...impact on the natural disaster or human-made disaster, because LDC does not have enough money to give the supplies to people in the country. “Foreign aid is basically the transfer of money, stuff or services from a country or international organization, intended to help out another country and its people.” It helps with economic growth and becoming more independent. What’s more, it makes the world safer. But I personally think the most important foreign aid for natural or human-made disaster is the health, food and hygienes aid. In 2016, the country called Fiji got a huge impact on their economics and lives due to the Tropical Cyclone...

Words: 831 - Pages: 4

Premium Essay

Impact of Globalisation on Labor Market and Industrialisation

... Pg #: Title Page 2 DECLARATION FORM 3 INTRODUCTION: 5 BACKGROUND: 6 Overview: 6 2.0 COMPARATIVE ANALYSIS – LITERATURE REVIEW 8 Public vs Private Sectors 8 Differentiate between formal & informal Sectors: 8 Private Sector Reforms: 9 Public Sector Reforms: 10 3.0 METHODOLOGY: 12 Primary Research: 12 Secondary Research: 12 POPULATION SAMPLING: 12 4.0 FINDINGS: DISCUSSION & ANALYSIS 12 Factors Contributing to the Change of Industrial Relations in the Region 12 Labor Reform Policies: 12 Globalization : 13 Economic integration 14 Change in Technology 14 Changes in Labor Law and Attitude towards Unions 15 Decentralization of Bargaining 15 Management Alteration 16 Conclusion: 17 The End . INTRODUCTION: Industrial relations today by many accounts, is in crisis. In academia, its traditional positions are threatened on one side by the dominance of mainstream economics and organizational behavior, and on the other by postmodernism. In policy-making circles, the industrial relations emphasis on institutional intervention is trumped by a neoliberal emphasis on the laissez faire promotion of free markets. In practice, labor unions are declining and fewer companies have industrial relations functions. The number of academic programs in industrial relations is therefore shrinking, and scholars are leaving the field for other areas, especially human resource management and organizational behavior. The importance of work, however...

Words: 4622 - Pages: 19

Premium Essay

Ir Parties

...The Industrial relations system is complex in nature. It has a number of key players who are very dynamic. These players also known as parties are commonly known as management (Employers), workers (Employees) and the state (Government). When these parties are properly organised in a collective manner, their power and capabilities will have consequential influences to the industrial relations system itself and even on to the society as a whole. This essay explains why the organised employers’ associations (the employer party) and trade unions (the employee party) are different and similar to some extent. The three distinguishing aspects between the two parties include their form of memberships, political linkages and their influence on the state and the setup of their objectives and functions. Two notable similarities on how the parties are organised in similar forms and the functions they perform will also be discussed. Firstly, the membership constituent of an employers association is different from that of a trade union. Looking at the definition of these parties would enlighten a better understanding on the membership of the organisations. In the course book, trade unions are defined generically as representative organisations of workers designed to protect and promote the collective employment interest of the workers. On the other hand, according to (Plowman, 1982) employers’ associations are “organisations consisting predominantly of employers whose activities include...

Words: 1677 - Pages: 7

Premium Essay

Fiji Waterand Corporate Social Responsibility

...FIJI Water and Corporate Social Responsibility Prepared by Subject: FIJI Water and Corporate Social Responsibility Table of Contents * Introduction History of FIJI Water * Strengths -FIJI Water as trendy -FIJI Water as untouched * Weaknesses -Environmental issues -Taxation issues and relationship with the Fijian government -Criticism * Conclusion and recommendation -Sustainable development Introduction            FIJI Water was originally founded as “Nature’s Best” in 1993 by David Gilmore who’s idea was to provide exotic natural water from an artesian aquifer of Yaqara Valley of Viti Levu, Fiji to local as well as international markets. Bottled water has been growing exponentially as concerns about the quality of tap water and health issues of carbonated drinks have been increasing. The pure artesian water that FIJI Water provides has attracted consumers successfully. Bottled water production and sales to the U.S. began in 1997. FIJI Water has been growing rapidly in the bottled water market as its production went from 10 million in 1998 to 25 million in 2000, and production grew about 60% a year. The company was even awarded the prestigious Secretary of State’s 2004 Award for Corporate Excellence. The company gained competitive advantages over its competitors by successful branding and marketing, as it has created an image of its product as healthy, high-end, and trendy. However, FIJI Water has faced numerous challenges as well as heavy...

Words: 1746 - Pages: 7

Free Essay

Tourist Arrival Analysis

...Report Visitor Arrivals in Fiji Prepared by: |Roshan Singh / S9902083 |GROUP 8 | |Salveendra Singh / S11011093 |MBA 435 QBA | |Alvin P Sharma / S97001213 |Lecturer : Dr. S. Ahmed | |Abdul Ali / S11079449 | | MANAGEMENT REPORT Topic: Visitor Arrivals in Fiji – Analysis for years 2000 to 2010 Executive Summary: The purpose of this report is to present the facts of Visitor arrivals in Fiji, through the use of facts, figures, graphically analyse and interpret results and provide a summary of trends, conclusions and justified recommendations after the 2007 – 2016 review of the Fiji Tourism Development Plan. Introduction: Tourism is Fiji's fastest growing industry in terms of employment creation and foreign exchange earnings. The industry provides employment directly to an estimated 85,000 people. The tourism industry is mainly private sector driven and contributes approximately 25% to the GDP. The sector is private sector driven and has grown substantially over the past few years. The 2007-2016 Fiji Tourism Development Plan provides a framework for the sustainable growth of tourism in Fiji. It is a working document/plan...

Words: 1078 - Pages: 5

Premium Essay

Csr That Could Be Faced in Fiji

...becoming a concern in Fiji businesses nowadays. This assignment will outline how Bank of the South Pacific deals with social accounting and transparency and ethical governance. Firstly, it will consider the social accounting factors which is the ‘Go Green’ event. Secondly, it will consider how transparency is Bank of the South Pacific and thirdly, it will consider ways in which Bank of the South Pacific can maintain ethical standards. Finally, some recommendations will be drawn as to how to improve social accounting, transparency and ethical governance at Bank of the South Pacific. Introduction The purpose of this assignment is to study as to how businesses in Fiji work towards social accounting and transparency and ethical governance. The business to be studied for this research is Bank of the South Pacific. Bank of the South Pacific is one of the largest and most successful banking organisations in the South Pacific. Bank of the South Pacific has its largest branch in Papua New Guinea and is represented in Fiji, Solomon Islands and Niue as well. Some of the services provided by Bank of the South Pacific include BSP Telephone Banking, BSP online, BillPay, BSP Mobile Phone Banking, and Access to BSP Mobile Phone Banking, Transfers and BillPay payments, Security of BSP Mobile Phone Banking, ATM and EFTPOS. The term social accounting is the process where social and environmental effects of organization are being communicated. It is also the economic action that is being taken...

Words: 6006 - Pages: 25