Over the years, the relationship between foreign direct investment (FDI) inflows and economic growth has been scrutinised and investigated by many researchers. Such a relationship aims to determine if foreign investment benefits the receiving nation. We have often witnessed that the receiving country does not accomplish the desired infrastructure for which they have received foreign aid. Political instability and corruption have caused dire stress within the nation. This study mainly investigates the direction of FDI flows within the economy of Fiji and how it helps boost Economic Growth from 1983 to 2013. The study also focuses on the early stages of the industrialisation of Fiji. Furthermore, Fiji has faced numerous structural breaks, such as the three coups encountered by the country. Our results show that, even though FDI has a positive long-run relationship with Economic Growth in Fiji, it is also a volatile component when the nation faces numerous political situations stability, and it remains significantly questionable.
Remittance has been a global phenomenon and has built practical consensus. Remittances have supported financially to many individuals. An early migrant who has left the host nation and is living in a foreign country returns to their society or family members. In Fiji, almost 30 percent live below the national poverty line, which has worsened after the impact of COVID-19. Most of them reside in informal settlements with a lack of housing amenities. The article will explore the impact of remittance on poor people who receive money from families abroad and how these households manage the funds received. Generally, it is understood that remittance has a positive impact on alleviating poverty. Therefore, the paper will explore whether remittance has significantly enabled households to reduce poverty. The paper will investigate ways to analyse the significance, such as if requesting remittance plays a crucial role. To determine the remittance sent, the paper tries to find if it is based on the request made or sent by their own will. To assess the impact of remittance, the paper will analyse primary (survey) data and determine the real purpose of remittance usage by households living in poverty. The paper evaluates 159 households living in informal settlements and rural areas.
During the global pandemic, national progress went into silence. The whole economy suffered the raging impact of COVID-19. The government had to force its way into creating new policies and revising the existing budget to encounter COVID-19. The paper aims to evaluate the national budget and its responses given by the Fijian Government concerning economic recovery amid the COVID-19 pandemic. The national state will prepare to encounter an economic crisis through ongoing propaganda and revision of its budget. The paper is intended to constitute and involve the fiscal policy of Fiji as to how it has changed dramatically over time to combat the global COVID-19 pandemic crisis. The script will also analyse government revenue and expenditure and its national debt situation and check if the nation is not in a dangerous financial disaster zone. Moreover, the paper will also investigate economic stability by analysing government debts, revenue and expenditure. The research will pull meaningful resources and policies used in the past two years of the budget since the stroke of COVID-19. The Government of Fiji takes countermeasures and policy strategies to sustain such a health crisis turning into an economic disaster. Furthermore, the paper highlights mistakes and lessons learnt pre- and post-COVID-19. The research paper will scrutinise the national budget, portray theoretical findings with descriptive analyses, and conclude if the economy is prepared to control the current health outbreak crisis or if there is fiscal overdrive with no hope. The analysis will also highlight if the Fiji Government is ready to face such outbreaks and prepare for any other unforeseen natural crisis. Therefore, the paper will provide transparent, constructive, and concise arguments based on the fiscal overdrive of the national budget of Fiji.
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