Solomon Islands Growth Prospects : Constraints and Policy Priorities - Discussion Note

Economic growth in Solomon Islands since the end of civil conflict in 2003 has been driven by rapid expansion of the forestry sector and large increases in international aid flows. Stocks of natural forest logs are nearing exhaustion and, as the se...

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Bibliographic Details
Main Author:	World Bank
Format:	General Economy, Macroeconomics and Growth Study
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO LOAN AGGLOMERATION BENEFITS AGRICULTURAL COMMODITY AGRICULTURAL PRODUCTION AGRICULTURAL SYSTEMS AIR AIR SERVICES ALTERNATIVE TRAVEL ANTITRUST LAW CAPACITY CONSTRAINTS CAPITAL STOCK CASH ECONOMY CENTRAL BANK CITIZENS CIVIL CONFLICT COMMODITY PRICES COMPETITIVENESS CONCENTRATION OF POPULATION DEPOSITS DEREGULATION DEVELOPMENT EFFORTS DEVELOPMENT OBJECTIVES DEVELOPMENT STRATEGY DOMESTIC TRANSPORT DRIVING DURABLE ECONOMIC ACTIVITY ECONOMIC CHANGE ECONOMIC CONCENTRATION ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC LIBERALIZATION ECONOMIC OPPORTUNITIES ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICY REFORM ECONOMIC PRODUCTIVITY ECONOMIES OF SCALE EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL ISSUES EXPLOITATION EXPORT COMPETITIVENESS EXPORTERS EXPORTS FERTILITY FINANCIAL RESOURCES FISHERIES FLOWS OF PEOPLE FOOD INSECURITY FOOD SECURITY FOREIGN INVESTORS FOREIGN MARKET FOREIGN MARKETS FOREIGN POLICY FORESTRY FUEL FUTURE GROWTH GDP GDP PER CAPITA GOVERNMENT ASSETS GOVERNMENT EXPENDITURE GOVERNMENT INVESTMENT GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT REVENUES HEALTH SERVICES HOLDING HUMAN CAPITAL INCOME STREAMS INEFFICIENCY INFRASTRUCTURE INVESTMENTS INSTITUTIONAL BARRIERS INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL ASSISTANCE INTERNATIONAL CAPACITY INTERNATIONAL INVESTMENT INTERNATIONAL MARKETS INTERNATIONAL SECURITY INVESTMENT RATE LABOR FORCE LABOR MARKET LABOR MARKETS LABOR SHORTAGES LAND USE LANDOWNERS LENDERS LIMITED RESOURCES LIVING STANDARDS LOCAL BUSINESSES LOCAL COMMUNITIES LOCAL ECONOMY LOCAL GOVERNMENT LOCAL MARKETS LOGGING MARKET ACCESS MARKET CONDITIONS MARKET COUNTRIES MARKET INTEGRATION MARKET PRICE MIDDLE INCOME COUNTRY MIGRANT MIGRANT LABOR MIGRANT POPULATIONS MIGRANT WORKERS MIGRATION MOBILITY MOBILITY OPTIONS MOVEMENT OF PEOPLE NATIONAL LEADERS NATURAL DISASTERS NATURAL RESOURCE NATURAL RESOURCES OIL PER CAPITA INCOMES POLICY ENVIRONMENT POLITICAL INSTABILITY POLITICAL UNCERTAINTY POPULATION DENSITIES POPULATION DENSITY POPULATION GROWTH POPULATION PRESSURE PRODUCERS PROGRESS PROPERTY RIGHTS PROVISION OF INFORMATION PUBLIC OPINION PUBLIC SERVICES REFORM EFFORT REFRIGERATION REGULATORY FRAMEWORKS REMITTANCES RETURN RICHER COUNTRIES ROADS RURAL AREAS SAFETY SECURITY SITUATION SERVICE DELIVERY SMALL COUNTRIES SMALLHOLDER AGRICULTURE SMALLHOLDERS SOCIAL COSTS SOCIAL SERVICES STOCKS STRATEGIC PRIORITIES STREAMS SUPPLY CHAINS TAX TAX FRAMEWORKS TAX PROVISIONS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERMS OF TRADE TRAINING CENTERS TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORT INFRASTRUCTURE TRANSPORT PLAN TRAVELERS TREASURY URBAN AREAS URBAN CENTERS URBAN POPULATION URBANIZATION VULNERABILITY WEALTH WORKFORCE WORKING CAPITAL WORKING POPULATION
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101109234611 http://hdl.handle.net/10986/2924

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Summary:	Economic growth in Solomon Islands since the end of civil conflict in 2003 has been driven by rapid expansion of the forestry sector and large increases in international aid flows. Stocks of natural forest logs are nearing exhaustion and, as the security situation improves, aid flows are likely to flatten off. The Solomon Islands Government asked the World Bank to investigate future growth prospects. This note summarizes the findings and presents a strategic vision for future growth, equity and stability. Efforts have been made to align this work with the policy commitments of the new government. Once these findings and proposals have been considered by the new Government, along with donor partners, specific aspects of these proposals could be further elaborated in subsequent work.

Solomon Islands Growth Prospects : Constraints and Policy Priorities - Discussion Note

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