The FSM Economy
Author :
Publisher : Office
Page : 198 pages
File Size : 24,79 MB
Release : 1997
Category : Economic history
ISBN :
Author :
Publisher : Office
Page : 198 pages
File Size : 24,79 MB
Release : 1997
Category : Economic history
ISBN :
Author :
Publisher :
Page : 20 pages
File Size : 23,89 MB
Release : 1995
Category : Micronesia (Federated States)
ISBN :
Author : Francis X. Hezel
Publisher :
Page : 58 pages
File Size : 38,58 MB
Release : 2013
Category : Social Science
ISBN : 9780866382311
Is rising emigration proof of a Pacific Island nation's failure to fulfill its economic promise and provide the jobs that its citizens seek in a modernized society? Or is it a legitimate alternative development strategy that depends on the export of surplus labor in lieu of the more conventional methods recommended by donor nations and international financial institutions? In this report, Francis X. Hezel, SJ, sheds light on these questions by reviewing the 30-year history of migration from one Pacific Island nation, the Federated States of Micronesia (FSM) and examining the current status of its migrants. Hezel reports that although out-migration from the FSM began in small numbers in 1980, the outflow intensified when the Compact of Free Association went into effect in 1986. In return for exclusive strategic access by the United States, the Compact granted FSM citizens free entry into the United States and its territories to establish residence and work. This report traces the growth of the early Micronesian communities on Guam and Saipan, and the subsequent migration eastward to Hawaiʻi and the continental United States. Today, one-third of all people born in the FSM live outside their island nation. Hezel presents the results of a groundbreaking 2012 survey of Micronesian migrants, showing that an ever-increasing segment of the migrant population is putting down roots in the US mainland. There, despite difficulties they encounter, these individuals and families are able to find more plentiful jobs, a reduced cost of living, and an environment without some of the negative stereotypes that grip fellow migrants in Guam and Hawaiʻi. Hezel tracks the changes in their living conditions and shows that even if Micronesian migration continues at the same pace as in the past, it is clear that the living conditions of these FSM citizens are improving, as are their potential contributions to American society and to their friends and family back home.
Author : Micronesia (Federated States). Department of Economic Affairs
Publisher :
Page : 56 pages
File Size : 15,26 MB
Release : 2000
Category : Finance, Public
ISBN :
Author : Central Intelligence Agency
Publisher : Claitor's Pub Division
Page : 0 pages
File Size : 38,67 MB
Release : 2014-04-11
Category :
ISBN : 9781598047424
Author :
Publisher :
Page : 102 pages
File Size : 19,10 MB
Release : 2002
Category : Finance, Public
ISBN :
Author :
Publisher :
Page : 266 pages
File Size : 14,67 MB
Release : 1995
Category : Micronesia (Federated States)
ISBN :
Author : Lola Quan Bautista
Publisher : Lexington Books
Page : 196 pages
File Size : 20,17 MB
Release : 2010-08-04
Category : Social Science
ISBN : 0739134795
Steadfast Movement examines how people from Chuuk State in the Federated States of Micronesia (FSM) move about and their cultural interpretations of movement itself. Special consideration is made of movement on the atoll of Satowan in Chuuk State as intimately associated with clan, lineage, and locality, as well as the influence of a system of local beliefs and attitudes based on combinations of age, marital status, and childbirth. Lola Quan Bautista also investigates the ways in which the current movement of citizens from Chuuk State and others from FSM to Guam fits within larger contexts that emphasize historical circumstances and more current political-economic considerations. Considering movement as being steadfast makes this study one of the few undertaken in the Pacific to self-consciously attempt to provide a sense of agency and interconnectivity between transnationalism and circular mobility.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 60 pages
File Size : 35,6 MB
Release : 2015-05-18
Category : Business & Economics
ISBN : 151350763X
This 2015 Article IV Consultation highlights that Micronesia’s economy is stagnating, as externally funded infrastructure projects are moving slowly. Difficulties in the business climate, in particular those related to land tenure issues, continue to hold back private sector development. Real GDP growth of about 0.1 percent is estimated for the fiscal year 2014. The Micronesian economy is projected to grow at 0.6 percent in the medium term, while risks on the outlook are tilted to the downside. Growth in 2015 is projected to remain subdued at 0.3 percent, while consumer prices are projected to further decline to negative 1.0 percent thanks to the continued pass through of low oil prices.
Author : Micronesia (Federated States). Department of Economic Affairs
Publisher :
Page : 106 pages
File Size : 10,80 MB
Release : 2002
Category : Finance, Public
ISBN :