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Papua-New Guinea: issue of economic integration at the beginning of the 21st centry


Zakharev Ya.O.
(about the author)

Zakharev Yaroslav Olegovich – ( MGIMO University of the MFA of Russia)

Published in:
Journal of International Economic Affairs
– Volume 7, Number 3 (July-September 2017)

JEL classification: F15, F36, F60

Keywords: Bougainville island and the war of 1986-1997, economic integration of PNG. PNG and South Pacific Region (SPR), mentality of PNG population and its impact on the economy, Papua-New Guinea (PNG) in 2000-2020s, PNG and the donations system of the developed countries in the South Pacific Region, resources of PNG


Citation:
Zakharev Ya.O. (2017). Papua-New Guinea: issue of economic integration at the beginning of the 21st centry. Journal of International Economic Affairs, 7(3), 279-286. doi: 10.18334/eo.7.3.37982


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Abstract:

The paper reveals the key issues of economic integration of Papua-New Guinea at the beginning of the 21st century. Using English and Chinese media-sources we describe the reasons that explain why it is difficult for such a big country to incorporate in the architecture of foreign relations of the South Pacific Region. We show the roles of Australia, New Zealand, the United Kingdom, Chinese companies of PRC, which are the key players in the global and regional space and have a significant impact on the economy of this country. We give a detailed forecast why it is still impossible for Papua -New Guinea to integrate in the foreign economy relations system of the South Pacific Region. That situation makes Papua-New Guinea play only a supporting role in the big game of the powers' balance in the Asia-Pacific Region.








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