“ EXCELLENT REPORT TEUILA FUATAI...Your data and statistics are illuminating to the theme of your essay. You bring focus on the islands' unpreparedness, or lackluster foresight to minimize losses in hard times by hedging economic strategies to soften the blows.
The GDP illustrations are most telling, but most Pacific small states policymakers pay little attention to its importance. This similar scenario played out in the 2008 global recession, but perhaps this time much worst.
Remittances for households dipped as expected in 2008 but regained remarkably. Tonga the leading remittance recipient will see reduction but expatriates will not abandon families. Foreign aids suffered as well, and donor countries must take care of their own problems first. The island economies are too comfortable not having to develop their own "rainy day" plans when donor aids are readily available. ”