Micsem Discussion
Francis X. Hezel S.J.
What will the FSM Government do to promote economic development and self-reliance before the end of the Compact funding period?
November 10, 1993 ECONOMICS GOVERNMENT
What's the Fishing Industry Doing for FSM?
Francis X. Hezel S.J.
Comparative look at benefits from fishing rights fees and the local fishing industry in FSM
September 08, 1993 ECONOMICS GOVERNMENT
Francis X. Hezel S.J.
Reconciling the need for economic development with social change in Yap.
October 06, 1990 ECONOMICS
Revenue Sharing Between the States and National Government
Francis X. Hezel S.J.
Revenue sharing may be needed in view of the states' financial problems.
March 19, 1997 ECONOMICS GOVERNMENT
The YTK Proposal and the Future of Fishing in Pohnpei
Francis X. Hezel S.J.
Japanese proposal to establish a large fishing industry on Pohnpei may threaten other fishing interests.
February 13, 1997 BUSINESS ECONOMICS GOVERNMENT
What Can We Do to Promote Private Business
Francis X. Hezel S.J.
Exploration of ways in which the private sector in the economy could be helped to expand.
Francis X. Hezel S.J.
Explores the current status of foreign investment and debt in FSM
October 12, 1994 ECONOMICS GOVERNMENT
Is There a Place for Foreigners in Micronesia Today?
Francis X. Hezel S.J.
How can foreigners be integrated into Micronesian society better than they are at present?
April 13, 1994 ECONOMICS GOVERNMENT
Video Listings
Micronesian Counselors
Francis X. Hezel S.J.
Island development today could learn from the past: the importance of trading partnerships and self-enforced contracts.
Sustainable Human Developement in Micronesia
Francis X. Hezel S.J.
A review of the economic situation and of development possibilities in the future.
March 22, 1998 ECONOMICS
Here's Where We're Headed. Which Way Should We Be Going?
Francis X. Hezel S.J.
A review of what the numbers say about the directions of the Micronesian governments.
March 22, 2023 ECONOMICS EDUCATION GOVERNMENT
Insuring Our Health: Financing Health Care in the FSM
Francis X. Hezel S.J.
How to fashion an insurance program that will relieve the government’s heavy burden of medical costs.
Feast and Famine: US Assistance and the Compact Funding Outlook
Francis X. Hezel S.J.
US funding assistance to FSM for the next two years and the Compact funding outlook.
Spoiled Tuna: A Fishing Industry Gone Bad
Francis X. Hezel S.J.
Review of the recent history of the fishing industry in FSM and impact of the losses on the country.
March 22, 2023 ECONOMICS
Rough Seas Ahead: The FSM Economy During Compact II
Francis X. Hezel S.J.
A forecast of FSM’s economic future for the next twenty years and beyond.
A Tuna Industry in Micronesia?
Francis X. Hezel S.J.
The case for launching a large fishing industry in the islands despite a long list of past failures.
Francis X. Hezel S.J.
The article challenges seven popular beliefs about the economy of FSM.
March 22, 2023 ECONOMICS
The Clam Industry in the Marshalls
Francis X. Hezel S.J.
History of the clam industry and the problems encountered along the way.
The Role of Culture in Economic Development
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.
Books
On Your Mark, Get Set... Tourism’s Take-Off in Micronesia
Francis X. Hezel, SJ
When Continental Air Micronesia inaugurated regular jet air service to the Trust Territory in the late 1960s, it opened commercial possibilities for islands then struggling with an uncertain political and economic future. Tourism became a distant hope as an engine for economic growth. In 1970, Continental built three new 50 room hotels in Chuuk, Palau, and the Northern Marianas and began vigorously promoting the islands as a Pacific paradise getaway destination. What happened over subsequent decades in these three island groups is the subject of this study. It offers lessons for other island nations hoping for a tourism boom today.
When Continental Air Micronesia inaugurated regular jet air service to the Trust Territory in the late 1960s, it opened commercial possibilities for islands then struggling with an uncertain political and economic future. Tourism became a distant hope as an engine for economic growth. In 1970, Continental built three new 50 room hotels in Chuuk, Palau, and the Northern Marianas and began vigorously promoting the islands as a Pacific paradise getaway destination. What happened over subsequent decades in these three island groups is the subject of this study. It offers lessons for other island nations hoping for a tourism boom today.March 22, 2023 BUSINESS ECONOMICS
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.
articles
The Open Ocean: The Future of Foreign Aid in the Pacific
Tom Frink
Ways in which the small Compact nations might support themselves in the future.
Georgetown Journal of International Affairs, Mar 1, 2017 (on-line).March 22, 2023 ECONOMICS GOVERNMENT
Tom Frink
The major threat to the environment in the Pacific is the desperate need for economic growth.
In Just Sustainability: Ecology,Technology, and Resource Extraction, ed by Christiana Peppard and Andrea Vicini, S.J. (Maryknoll, NY: Orbis Books, 2015), pp 20-22.March 22, 2023 ECONOMICS ENVIRONMENT
Pacific Island Nations: How Viable Are Their Economies?
Francis X. Hezel S.J.
Are Pacific Island nations waging a losing battle in their attempt to create self-supporting economies?
Pacific Islands Policy No. 7, Honolulu: East-West Center, 2012. 33 pp.March 22, 2023 ECONOMICS
Is That the Best You Can Do? A Tale of Two Micronesian Economies
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.March 22, 2023 ECONOMICS
The Micronesian Dilemma: How to Support Expensive Habits and Still Run the Household
Francis X. Hezel S.J.
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. March 22, 1976 ECONOMICS
Francis X. Hezel S.J.
Micronesia’s real poverty consists in the affluence that could diminish its national pride.
Impact, Vol. 11, No. 1, 1974: 436-438.March 22, 1974 ECONOMICS
Reflections on Micronesia's Economy
Francis X. Hezel S.J.
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. March 22, 1973 ECONOMICS
The Creation of a Colony: The Paradox of Economic Aid to Micronesia
Francis X. Hezel S.J.
Trends of a larger US subsidy during the 1960 might lead to permanent colonial status of Micronesia.
Unpublished. 1968.March 22, 1968 ECONOMICS
Let's Have the Meal Today Rather Than the Fishing Industry Tomorrow
Francis X. Hezel S.J.
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.March 22, 1987 ECONOMICS
A Brief Economic History of Micronesia
Francis X. Hezel S.J.
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.March 22, 1984 ECONOMICS
Yesterday's Myths, Today's Realities
Francis X. Hezel S.J.
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.March 22, 1980 ECONOMICS
The New Formula for Self-Reliance
Francis X. Hezel S.J.
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. March 22, 1979 ECONOMICS
Francis X. Hezel S.J.
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.March 22, 1977 ECONOMICS
An Overview of the FSM Economy
Francis X. Hezel S.J.
A forecast of FSM's economic future for the next twenty years and beyond.
Unpublished. 7 November 2002March 22, 2023 ECONOMICS
Examining the consequences of the Money Economy in the Pacific
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 2001March 22, 2023 ECONOMICS
Sustainable Human Development in the Federated States of Micronesia
Francis X. Hezel S.J.
Overview of political, social and economic conditions in FSM.
Micronesian Seminar, Pohnpei March 1997. 104 March 22, 1997 ECONOMICS