Abstract:The development of small developing states has long been influenced by foreign aid. Apart from the macro benefits of bridging the savings and investment gap and building the foreign exchange gap, it is also said to stabilise output price, provide price certainty and affect output price positively. In this paper I examine these three aspects in detail with respect to the price subsidy that Fiji's sugar industry has been receiving over the last three decades. Price stability is measured by examining the conditio… Show more
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