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This report provides an analysis of the prevailing economic forces in Palau, the Western Pacific and the surrounding regions. While industrial East Asia largely recovered from the 1997-98 financial crisis, the prolonged Japanese economic stagnation and the September 11, 2001 terrorist attacks on New York and Washington D.C. have had unfavorable effects on Palau and the rest of the region. With travel in the Asian markets returning to normal levels, and barring any further incidents of air traffic disruption, the region's economy, including that of Palau, should begin to improve over the next two years.
This 2003 edition of the Republic of Palau Economic Report was written and produced under a new regional research and study partnership between Bank of Hawaii and the East-West Center. Copies of this report may be requested from the East-West Center, Pacific Islands Development Program.
This report provides an analysis of the prevailing economic forces in Palau, the Western Pacific and the surrounding regions. While industrial East Asia largely recovered from the 1997-98 financial crisis, the prolonged Japanese economic stagnation and the September 11, 2001 terrorist attacks on New York and Washington D.C. have had unfavorable effects on Palau and the rest of the region. With travel in the Asian markets returning to normal levels, and barring any further incidents of air traffic disruption, the region's economy, including that of Palau, should begin to improve over the next two years.
This 2003 edition of the Republic of Palau Economic Report was written and produced under a new regional research and study partnership between Bank of Hawaii and the East-West Center. Copies of this report may be requested from the East-West Center, Pacific Islands Development Program.
