One of the world’s largest democracies, with a population of around 259m spread across some 17,000 islands, Indonesia today faces some complex political challenges. Home to dozens of different ethnicities, several major religions and hundreds of languages and dialects, governance has long required a balancing of centralising and decentralising...
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ETIQUETTE: “For every village a different culture” is the expression that best describes the social norms, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm smile, and the salutation “monin tru”(“a very good morning”) is considered the polite...
Papua New Guinea’s market is remarkably open in terms of trade. Over the past two decades the country has gone from being a high-tariff jurisdiction pursuing 1970s-style goals of protection and import substitution, to one that embraces free market principles. The tenets of the Washington Consensus were accepted and implemented in a phased...
While Papua New Guinea has a free and open economy, it is also a place where it can be exceedingly challenging to do business. General conditions are difficult, and some areas of administration and law can cause things to progress at a slow pace. The US State Department’s 2016 Investment Climate statement noted that the country “appears to...
The international position of Papua New Guinea has improved in recent years as the country continues to benefit from a number of positive trends. A stabilisation in commodity prices, strong output from the country’s major projects and an end to the El Niño drought have brought major trade indicators back into line. The lack of dollars and the...
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