Economic Condition Of Fiji Essay
Chapter 2:
ECONOMIC ANALYSIS
The chapter focuses on the economic position of Fiji as one of the more developed in the Pacific island economies, although it remains a developing country and a multiethnic nation. We try to study the economic details in determining how attractive for our business to enter in the market.
I. INTRODUCTION
Fiji is considered to be the most developed country in the Pacific Island economies. However, Fiji remains as a developing country with a large agricultural sector. Sugar exports makes up one-third of the country’s industrial activity. Also Fiji has a growing tourism industry, which results of Fiji’s sources of foreign exchanges. Being the exporter of sugar, Fiji is considered to be a good country to enter a market, in which Fijians are willing to adapt for any changes.
Many countries are pursuing to enter the market of Fiji, since Fiji has a growing tourism industry. Fiji is always open for a business. Fijian’s is a very good adapter, because they are willing to try the new product or service in the market. Not just Fijians, but also the tourist who are looking something to purchase as their souvenir.
We also observed that there is a 6% unemployment rate in Fiji. These people are usually the youth and people who doesn’t have a chance to work. As a
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