Government Debt and Foreign Aid: Do They Matter for Economic Growth in Small Island Economies? Empirical Evidence from the Pacific Islands

Gounder, Aruna; Chand, Priteshni; Kumar, Anoop

doi:10.1007/s13132-023-01175-2

Cited by 1 publication

(3 citation statements)

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“…Neocolonial policies can contribute to unsustainable debt accumulation in SIDS [148], especially when compounded by recurrent disasters [149]. Structural adjustment programs imposed by international financial institutions may prioritize debt repayment over investments in coastal restoration and climate change adaptation.…”

Section: Debt Burdenmentioning

confidence: 99%

“…For instance, the Commonwealth of Puerto Rico faces such challenges, where a Fiscal Control Board, imposed by a U.S. President's executive order, prioritizes debt repayment to Wall Street investors over education, public health, infrastructure maintenance, natural resource management, and adaptation efforts to climate change and SLR. This situation leaves SIDS with insufficient financial resources to implement vital adaptation measures [148].…”

Section: Debt Burdenmentioning

confidence: 99%

“…Debt burden significantly impacts climate change adaptation in SIDS, often in combination with degraded environmental conditions and increasing disasters [148,154,155]. High levels of debt in small islands can hinder their ability to allocate resources and implement effective adaptation measures, leading to various consequences.…”

Section: The Impact Of Debt Burdenmentioning

confidence: 99%

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Coastal Restoration Challenges and Strategies for Small Island Developing States in the Face of Sea Level Rise and Climate Change

Hernández-Delgado

2024

Coasts

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The climate crisis poses a grave threat to numerous small island developing states (SIDS), intensifying risks from extreme weather events and sea level rise (SLR). This vulnerability heightens the dangers of coastal erosion, chronic water quality degradation, and dwindling coastal resources, demanding global attention. The resultant loss of ecological persistence, functional services, and ecosystem resilience jeopardizes protection against wave action and SLR, endangering coastal habitats’ economic value, food security, infrastructure, and livelihoods. Implementing integrated strategies is imperative. A thorough discussion of available strategies and best management practices for coastal ecosystem restoration is presented in the context of SIDS needs, threats, and major constraints. Solutions must encompass enhanced green infrastructure restoration (coral reefs, seagrass meadows, mangroves/wetlands, urban shorelines), sustainable development practices, circular economy principles, and the adoption of ecological restoration policies. This requires securing creative and sustainable funding, promoting green job creation, and fostering local stakeholder engagement. Tailored to each island’s reality, solutions must overcome numerous socio-economic, logistical, and political obstacles. Despite challenges, timely opportunities exist for coastal habitat restoration and climate change adaptation policies. Integrated strategies spanning disciplines and stakeholders necessitate significant political will.

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Section: Debt Burdenmentioning

confidence: 99%

Section: Debt Burdenmentioning

confidence: 99%

Section: The Impact Of Debt Burdenmentioning

confidence: 99%

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