Thus, the issue of how to manage fiscal policies under a single currency regime is one of the most fundamental and most enduring challenges for the Eurozone. Second, as long-term interest rates in member countries converged at low levels following the introduction of the single currency, the Eurozone enjoyed the benefits of the expansion of trade and investment.
The higher you are on this ladder the better. You will note that Fiji was ranked at the 81st position of all the countries on the world in 2002. This is about half way against all countries in the world. We are doing better than the average of all the developing countries and some neighbours like PNG, Vanuatu and the Solomon Islands.