micsem.org

MicSem Media MicSem Media

The Upside Down Economy

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

A Micronesian leader once compared the FSM economy to a turtle on its back, its feet kicking in the air, but going nowhere.  For years the economy in the islands has been upside down.  The foreign subsidies that supported an expensive government structure has, in turn, created a small private sector consisting of service industries.  This video explores problems with the upside down economy and what it might take to turn it right side up.  The industries that Micronesian leaders have counted on as basic props for the economy are fishing, agriculture, and tourism.  The video looks at each briefly to assess its potential contribution to building a healthy economy.

FacebookTwitterRedditDiggStumbleuponGoogleMore

Comments

No comments have been posted. Be the first! SIGN UP, or LOG IN to the MicSem Forum Discussion here.

Sign up for the MicSem e-mail list to be notified of new MicSem videos:

Publications

Media

Library

Forum

Features

  • Public Schools
  • Diabetes Awareness
  • Beachcombers
  • History of Micronesia
  • Catolic Church Micro.
  • MicSem by Category

About MicSem

Micronesian Seminar, Post Office Box 160, Pohnpei, FM 96941 | tel. 691.320.4067 | fax. 691.320.6668 | email. micsem@micsem.org | ©2010 all rights reserved.

Sign up for the MicSem e-mail list to the right.
Want print copies via postal mail? Click here.