Our economic growth rates are generally low, we do not have many resources nor do we have the large population mass (Papua New Guinea would be an exception of course). All our problems require us, as Pacific Islanders, to be innovative thinkers and to think beyond the traditional and conventional norms of doing things in order to succeed.
Despite the upswing in the global economy, there is no widespread expectation of a revival of generalised world inflation. The IMF World Economic Outlook projects a decline in world inflation from 3,7 per cent in 2003 to 3,2 per cent in 2005.