MicSem Special Features

MicSem By Category: ECONOMICS

Video Listings

Our Distant Relatives

Francis X. Hezel S.J.

May 20, 2019 ECONOMICS HEALTH

Land: Investing in Our Future

Francis X. Hezel S.J.

May 20, 2019 ECONOMICS LAND ISSUES

The Upside Down Economy

Francis X. Hezel S.J.

May 20, 2019 ECONOMICS GOVERNMENT

The Missing Micronesians

Francis X. Hezel S.J.

May 20, 2019 COMPACT ECONOMICS MIGRATION

Micronesians Abroad

Francis X. Hezel S.J.

May 20, 2019 ECONOMICS MIGRATION

talks

How to Prepare for the Year 2001–Pohnpei Leadership Conference

Francis X. Hezel, SJ

Pohnpei Leadership Conference

February 23, 1995 ECONOMICS GOVERNMENT

Unmaking the Micronesian Family

Francis X. Hezel, SJ

Talk to the Youth Services Network, Guam

February 23, 1990 ECONOMICS FAMILY CHANGE SOCIAL ISSUES

What We Really Need from You--Rhetoric and Reality in External Relations

Francis X. Hezel, SJ

Presentation given at What Can We Learn Symposium in Suva, Fiji

February 23, 2024 ECONOMICS GOVERNMENT

Privatization in the Pacific

Francis X. Hezel, SJ

Address to the Association of Pacific Island Legislators, Pohnpei

February 23, 1997 ECONOMICS GOVERNMENT

Preparing for the Year 2001--Kosrae Economic Summit

Francis X. Hezel, SJ

Presentation at the Kosrae State Economic Summit

February 23, 1996 ECONOMICS GOVERNMENT

Paddle Together--Mission Possible

Francis X. Hezel, SJ

Presentation at Kosrae Leadership Conference

February 23, 1999 ECONOMICS GOVERNMENT

Navigating to Excellence

Francis X. Hezel, SJ

Keynote address at PREL Conference

February 23, 1996 ECONOMICS EDUCATION

Myths of Economic Development

Francis X. Hezel, SJ

Powerpoint presentation, with Chris Lightfoot, on various islands in Micronesia

February 23, 2024 ECONOMICS

Good Government in the Pacific--The Role of ADB

Francis X. Hezel, SJ

Presentation at ADB in Manila

February 23, 2024 ECONOMICS GOVERNMENT

Globalization--Its Impact on Oceania

Francis X. Hezel, SJ

Presentation at Catholic conference

February 23, 2024 ECONOMICS SOCIAL ISSUES

Globalization Presentation at JDA

Francis X. Hezel, SJ

Presentation at JDA in Suva, Fiji

February 23, 2024 ECONOMICS SOCIAL ISSUES

FSM Economy--A Vision to Work For

Francis X. Hezel, SJ

ADB symposium, Manila

February 23, 2024 ECONOMICS

Economy and Education--Palau, Marshalls and FSM

Francis X. Hezel, SJ

Outline of a presentation

February 23, 2024 ECONOMICS EDUCATION

Economic Capacity Building in FSM

Francis X. Hezel, SJ

Presentation on Guam

February 23, 2024 COMPACT ECONOMICS GOVERNMENT

Development in Palau

Francis X. Hezel, SJ

Presentation given in Palau

February 23, 2024 CULTURAL ECONOMICS HISTORY

Culture in Crisis--Trends in the Church and Society in the Pacific

Francis X. Hezel, SJ

Presentation to the CEPAC-CCJD Symposium, American Samoa

February 23, 1991 CULTURAL ECONOMICS FAMILY CHANGE

Building the Economy in FSM

Francis X. Hezel, SJ

Presentation

February 23, 2024 ECONOMICS

21st Century Pacific Island Security

Francis X. Hezel, SJ

Presentation in Hawaii

February 23, 2024 ECONOMICS GOVERNMENT

Nationhood in the Pacific and its Challenges

Francis X. Hezel, SJ

Presentation at ELDP program on Guam

February 23, 2024 ECONOMICS GOVERNMENT

Micronesian Counselors

Swimming with the Tide

C.L. Cheshire

Island development today could learn from the past: the importance of trading partnerships and self-enforced contracts.

February 23, 2024 BUSINESS ECONOMICS

Sustainable Human Developement in Micronesia

Jay Dobbin and Francis X. Hezel, SJ

A review of the economic situation and of development possibilities in the future.

February 23, 1998 ECONOMICS

Here's Where We're Headed. Which Way Should We Be Going?

Francis X. Hezel, SJ and Hilda Heine

A review of what the numbers say about the directions of the Micronesian governments.

February 23, 2024 ECONOMICS EDUCATION GOVERNMENT

Insuring Our Health: Financing Health Care in the FSM

Marcus H. Samo

How to fashion an insurance program that will relieve the government’s heavy burden of medical costs.

February 23, 2024 ECONOMICS HEALTH

Feast and Famine: US Assistance and the Compact Funding Outlook

Francis X. Hezel, SJ

US funding assistance to FSM for the next two years and the Compact funding outlook.

February 23, 2024 COMPACT ECONOMICS

Spoiled Tuna: A Fishing Industry Gone Bad

Matthew Jacobs

Review of the recent history of the fishing industry in FSM and impact of the losses on the country.

February 23, 2024 ECONOMICS

Rough Seas Ahead: The FSM Economy During Compact II

Francis X. Hezel, SJ

A forecast of FSM’s economic future for the next twenty years and beyond.

February 23, 2024 COMPACT ECONOMICS

A Tuna Industry in Micronesia?

Peter Wilson

The case for launching a large fishing industry in the islands despite a long list of past failures.

February 23, 2024 BUSINESS ECONOMICS

Myths of the FSM Economy

Francis X. Hezel, SJ

The article challenges seven popular beliefs about the economy of FSM.

February 23, 2024 ECONOMICS

The Clam Industry in the Marshalls

Francis X. Hezel, SJ

History of the clam industry and the problems encountered along the way.

February 23, 2024 BUSINESS ECONOMICS

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.

February 23, 2024 CULTURAL ECONOMICS

Micsem Discussion

After The Compact, What Then?

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

Economic Development in Yap

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.

January 26, 1994 BUSINESS ECONOMICS

The FSM Foreign Debt

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

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.February 23, 2024 BUSINESS ECONOMICS

Truk Underwater Archaeology

Francis X. Hezel S.J.

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.

February 23, 1997 ECONOMICS HISTORY

articles

The Open Ocean: The Future of Foreign Aid in the Pacific

Francis X. Hezel, SJ

Ways in which the small Compact nations might support themselves in the future.

Georgetown Journal of International Affairs, Mar 1, 2017 (on-line).February 23, 2024 ECONOMICS GOVERNMENT

The Case of Micronesia

Francis X. Hezel, SJ

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.February 23, 2024 ECONOMICS ENVIRONMENT

Pacific Island Nations: How Viable Are Their Economies?

Francis X. Hezel, SJ

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.February 23, 2024 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.February 23, 2024 ECONOMICS

The Micronesian Dilemma: How to Support Expensive Habits and Still Run the Household

Francis X. Hezel, SJ

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. February 23, 1976 ECONOMICS

Reflections on Micronesia's Economy

Francis X. Hezel, SJ

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. February 23, 1973 ECONOMICS

The Creation of a Colony: The Paradox of Economic Aid to Micronesia

Francis X. Hezel, SJ

Trends of a larger US subsidy during the 1960 might lead to permanent colonial status of Micronesia.

Unpublished. 1968.February 23, 1968 ECONOMICS

Micronesia: Ten Years After

Francis X. Hezel, SJ

Micronesia’s real poverty consists in the affluence that could diminish its national pride.

 Impact, Vol. 11, No. 1, 1974: 436-438.February 23, 1974 ECONOMICS

Let's Have the Meal Today Rather Than the Fishing Industry Tomorrow

Francis X. Hezel, SJ

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.February 23, 1987 ECONOMICS

A Brief Economic History of Micronesia

Francis X. Hezel, SJ

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.February 23, 1984 ECONOMICS

Yesterday's Myths, Today's Realities

Francis X. Hezel, SJ

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.February 23, 1980 ECONOMICS

The New Formula for Self-Reliance

Francis X. Hezel, SJ

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. February 23, 1979 ECONOMICS

Taking the Long View

Francis X. Hezel, SJ

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.February 23, 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 2002February 23, 2024 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 2001February 23, 2024 ECONOMICS

Sustainable Human Development in the Federated States of Micronesia

Francis X. Hezel, SJ, with Edwin Q.P. Petteys and Deborah L. Chang

Overview of political, social and economic conditions in FSM.

Micronesian Seminar, Pohnpei March 1997. 104 February 23, 1997 ECONOMICS