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MicSem By Category: Economics

Truk Underwater Archaeology
By Francis X. Hezel, S.J., and Clark Graham

The sunken Japanese fleet in Chuuk has become a world famous diving attraction for scuba enthusiasts. The sunken ships, bombed during the US counteroffensive against Japan in 1944, constitute a museum and a valuable asset for the Federated States of Micronesia. This book is an introduction to this museum, as well as to the events that produced the museum and the efforts that have made to preserve it from the depredations of humans and nature.

Truk Underwater Archaeology
By Francis X. Hezel, S.J., and Clark Graham
San Francisco: U.S. National Park Service, 1997. 50 pp.1997 Economics History

Is That the Best You Can Do? A Tale of Two Micronesian Economies, by Francis X. Hezel, S.J.

Evolution of the economies of FSM and the Marshalls over forty years and our expectations for self-reliance.

Pacific Islands Policy, Vol.1, Honolulu: East-West Center, 2006.2006 Economics

An Overview of the FSM Economy, by Francis X. Hezel, S.J.

A forecast of FSM's economic future for the next twenty years and beyond.

Unpublished. 7 November 20022003 Economics

Examining the consequences of the Money Economy in the Pacific, by Francis X. Hezel, S.J.

If a growing economy will produce social changes, islanders should anticipate these consequences when making economic choices.

Unpublished. 16 June 20012001 Economics

Sustainable Human Development in the Federated States of Micronesia, by Francis X. Hezel, SJ, with Edwin Q.P. Petteys and Deborah L. Chang

Overview of political, social and economic conditions in FSM.

Micronesian Seminar, Pohnpei March 1997. 104 1997 Economics

Let's Have the Meal Today Rather Than the Fishing Industry Tomorrow, by Francis X. Hezel, SJ

Local governments are perpetuating the old habits of spending for consumption money that could be used for economic development.

Marianas Variety, 6 November 1987. Also published as: "Back to TT ‘Pork Barrel’ Days." Marshall Islands Journal, 30 October 1987; Journal of Pacific Society, No. 39, July 1988: 10-12; Tok Blong SPPF, No. 26, January 1989: 8-10.1987 Economics

A Brief Economic History of Micronesia, by Francis X. Hezel, SJ

History of the cash economy through the colonial period to the end of trusteeship with figures and tables of exports and imports.

Past Achievements and Future Possibilities, Majuro: Micronesian Seminar, 1984: 11-62.1984 Economics

Yesterday's Myths, Today's Realities, by Francis X. Hezel, SJ

The old dreams of self-reliance are yielding to the demands for more jobs and consumer goods.

America, 24 May 1980, 434-7. Also published in: Honolulu Advertiser, n.d.1980 Economics

The New Formula for Self-Reliance, by Francis X. Hezel, SJ

Islanders today have come to believe that self-reliance does not require any cutback in lifestyle or the flow of money into the islands.

Marianas Variety, 5 July 1979. Also published in: Glimpses, Vol. 19, No. 4, 1979: 12-14; Pacific Perspective, Vol. 8, No. 2, 1980: 33-36; “La nouvelle formule de l’autonomie.” Perspectives du Pacifique, Port Vila, 1983: 31. 1979 Economics

Taking the Long View, by Francis X. Hezel, SJ

The immediate pay-off often blinds people to the long-term social, economic or political effects.

Micronesian Independent, 11 March 1977. Also published in: Carolines Observer, 25 March 1977; Review for Religious, Vol. 36, No. 5, September 1977: 695-700.1977 Economics

The Micronesian Dilemma: How to Support Expensive Habits and Still Run the Household, by Francis X. Hezel, SJ

Is the new affluence of the islands putting the hope of independence beyond reach?

Journal de la Societe des Oceanistes, Paris, 1976: 110-121. Also published in: South Pacific Dossier, edited by G. Woods, Canberra: Australia Council for Overseas Aid, 1978. 1976 Economics

Micronesia: Ten Years After, by Francis X. Hezel, SJ

Micronesia’s real poverty consists in the affluence that could diminish its national pride.

 Impact, Vol. 11, No. 1, 1974: 436-438.1974 Economics

Reflections on Micronesia's Economy, by Francis X. Hezel, SJ

Data on employment, wages, education, and imports shows the islands moving away from self-reliance.

Micronitor, Majuro, 29 April 1973: 1-2. Also published as: “Unholy Mackerel and the Almighty Buck.” Friends of Micronesia Newsletter, Vol. 4, No. 1, 1974: 15-19. 1973 Economics

The Creation of a Colony: The Paradox of Economic Aid to Micronesia, by Francis X. Hezel, SJ

Trends of a larger US subsidy during the 1960 might lead to permanent colonial status of Micronesia.

Unpublished. 1968.1968 Economics

Swimming with the Tide, by C.L. Cheshire

Island development today could learn from the past: the importance of trading partnerships and self-enforced contracts.

April 2010 (MC #81)  Business   Economics

The Role of Culture in Economic Development , by Francis X. Hezel, S.J.

The playing field is not level when it comes to economic development, for cultural values and attitudes give some societies a head start.

June 2009 (MC #77)  Cultural   Economics

A Tuna Industry in Micronesia?, by Peter Wilson

The case for launching a large fishing industry in the islands despite a long list of past failures.

April 2007 (MC #66)  Business   Economics

Myths of the FSM Economy, by Francis X. Hezel, SJ

The article challenges seven popular beliefs about the economy of FSM.

December 2005 (MC #59)  Economics

The Clam Industry in the Marshalls, by Francis X. Hezel, SJ

History of the clam industry and the problems encountered along the way.

August 2004 (MC #51)  Business   Economics

Rough Seas Ahead: The FSM Economy During Compact II, by Francis X. Hezel, SJ

A forecast of FSM’s economic future for the next twenty years and beyond.

January 2003 (MC #44)  Compact   Economics

Spoiled Tuna: A Fishing Industry Gone Bad, by Matthew Jacobs

Review of the recent history of the fishing industry in FSM and impact of the losses on the country.

March 2002 (MC #40)  Economics

Insuring Our Health: Financing Health Care in the FSM, by Marcus H. Samo

How to fashion an insurance program that will relieve the government’s heavy burden of medical costs.

August 2001 (MC #36)  Economics   Health

Feast and Famine: US Assistance and the Compact Funding Outlook, by Francis X. Hezel, SJ

US funding assistance to FSM for the next two years and the Compact funding outlook.

June 2001 (MC #35)  Compact   Economics

Here's Where We're Headed. Which Way Should We Be Going?, by Francis X. Hezel, SJ and Hilda Heine

A review of what the numbers say about the directions of the Micronesian governments.

June 2000 (MC #28)  Economics   Education   Government

Sustainable Human Developement in Micronesia, by Jay Dobbin and Francis X. Hezel, SJ

A review of the economic situation and of development possibilities in the future.

March 1998 (MC #21)  Economics

Revenue Sharing Between the States and National Government

Revenue sharing may be needed in view of the states' financial problems.

1997-03-19  Economics   Government

The YTK Proposal and the Future of Fishing in Pohnpei

Japanese proposal to establish a large fishing industry on Pohnpei may threaten other fishing interests.

1997-02-13  Business   Economics   Government

The FSM Foreign Debt

Explores the current status of foreign investment and debt in FSM

1994-10-12  Economics   Government

Is There a Place for Foreigners in Micronesia Today?

How can foreigners be integrated into Micronesian society better than they are at present?

1994-04-13  Economics   Government

What Can We Do to Promote Private Business

Exploration of ways in which the private sector in the economy could be helped to expand.

1994-01-26  Business   Economics

After The Compact, What Then?

What will the FSM Government do to promote economic development and self-reliance before the end of the Compact funding period?

1993-11-10  Economics   Government

What's the Fishing Industry Doing for FSM?

Comparative look at benefits from fishing rights fees and the local fishing industry in FSM

1993-09-08  Economics   Government

Economic Development in Yap

Reconciling the need for economic development with social change in Yap.

1990-10-06  Economics

The Missing Micronesians

They can be found in the most unlikely spots in the US, but these emigrants still keep their strong ties with home, sending millions of dollars each year to family and friends back home. 

2009 (56:00 mins) Island Topics #66   Compact   Economics   Migration

Micronesians Abroad

An hour-long documentary offering a peek into the homes and hearts of emigrants to reveal the struggles they face and the strategies they use to cope in their new surroundings.

2006 (69:00 mins) Island Topics #49   Economics   Migration

Pushing Out To Sea: Creating a New FSM Economy

For years the FSM economy has depended on US aid. This documentary examines what may be needed to get the island economy off the beach and out to sea during Compact II.

2003 (22:56 mins) Island Topics #38   Compact   Economics

Our Distant Relatives

A brief documentary highlighting health care problems with the US's Pacific cousins. Describes the social setting and the battle they fight for better health care.

2003 (11:00 mins) Island Topics #35   Economics   Health

Land: Investing in Our Future

Land, which has always been traditionally prized in the islands, takes on new meanings today. This documentary explores the ways in which land might be used as a resource.

2000 (26:00 mins) Island Topics #22   Economics   Land Issues

FSM: The US Pacific Outpost

A brief overview of US relations with Micronesia over the years. Focused on the FSM, this documentary surveys problems of development in the islands.

1999 (20:00 mins) Island Topics #21   Compact   Economics   Government

The Upside Down Economy

A Micronesian leader once compared the FSM economy to a turtle on its back, its feet kicking but going nowhere. This video examines the condition of the economy and what will have to be done to right it.

1997 (25:00 mins) Island Topics #11   Economics   Government

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