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Institutions, Economic Performance & Sustainable Development - A Case Study of the Fiji Islands (Hardcover, Illustrated Ed)
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Institutions, Economic Performance & Sustainable Development - A Case Study of the Fiji Islands (Hardcover, Illustrated Ed)
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Fiji has distinct institutional features that make it an ideal case
for examining and discussing the consequences of institutional
arrangements (particularly the nature of property rights) for
national economic performance, development prospects, and the state
of the environment which in turn, reflects a nation's ability to
achieve sustainable development. Furthermore, the nature of
institutional arrangements in Fiji can be used to illustrate
aspects of both the new and the old' institutional economics. Apart
from the fact that Fiji provides considerable scope for the
exploration of institutional economics and its applications, Fiji
is a comparatively important island nation in the south-west
Pacific, that is, an important member of the Pacific Island Forum
grouping of 14 island nations. The recent development of Fiji has
been much influenced by its social history, particularly by its
institutional structures established or codified during British
colonial rule. Its present racial composition is largely a product
of British colonisation. The significant Indian population of Fiji
consists mostly of the descendants of Indians brought to Fiji by
the British to produce sugar cane as a contribution to the economic
development of the former British Empire. In many respects, the
type of global imperialism that was well established during the
nineteenth century was a forerunner to modern economic
globalisation which involves a mixture of free trading blocs and
multilateralism. The current population mixture of Fiji consisting
of about equal numbers of Indian Fijians and Indigenous Fijians has
its roots in Fiji's colonial history. Furthermore, the codified
systems of property rights (which largely excludes Indian Fijians
from the ownership of land) was established by the British. It has
been a major source of ethnic tension, and of social and political
conflict in Fiji. We show that this system of property rights has
had important negative consequences for economic growth in Fiji,
for the economic performance of its industries, and for the
conservation of its natural resources. It is also associated with a
system of distribution of rents from land and natural resources
which may not be equitable, and which also does not appear to be
efficient administratively. This adds to social and political
tension in Fiji.
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