What ate some major problems of Cook islands?
The Cook Islands is among the best performing Pacific economies. However, fiscal sustainability remains fragile and the small economy is heavily reliant on tourism. Threats to sustained economic growth include an emerging labor shortage, susceptibility to balance of payments problems, environmental sustainability, and emerging infrastructure constraints and weak policy, planning and project preparation capacity. Its economy is also vulnerable to natural disasters: in 2005 alone, the cyclones Meena, Nancy, Olaf, Percy, and Rae hit the country in just a 2-month period from February to March. The Cook Islands’ key policy goals are managing fiscal and economic responsibility; enabling agencies to partner on development issues and activities; and improving long-term economic performance to spread growth equitably and enhance social, cultural, and environmental objectives.
