Island In Trust: Culture Change And Dependence In A Micronesian Economy

This book is a case study of economic change on a small Pacific island called Kosrae, affected by US government policies since 1947.

Format: Paperback / softback
Length: 252 pages
Publication date: 30 June 2022
Publisher: Taylor & Francis Ltd

This book is a comprehensive case study that delves into the profound economic transformations occurring on a small Pacific island, known as Kosrae by its inhabitants, situated in the eastern Caroline Islands, which are part of the geographically and culturally diverse region commonly referred to as Micronesia. The primary objective of the authors is to meticulously examine the impact of recent policies implemented by the United States government, which has been responsible for administering the scattered islands of Micronesia since 1947. Through meticulous research and analysis, the book seeks to unravel the intricate interplay between economic change and government policies, shedding light on the complex dynamics that shape the economic landscape of Kosrae and its neighboring islands.

The authors begin their exploration by providing a historical backdrop, tracing the economic development of Kosrae and its relationship with the broader Micronesian community. They highlight the unique challenges faced by the island, including its remote location, limited resources, and the impact of external factors such as globalization and climate change. This contextualization sets the stage for the subsequent chapters, which delve into the specific policies enacted by the United States government and their effects on the island's economy.

Chapter 1 delves into the historical roots of American influence in Micronesia, examining the colonial era and the subsequent establishment of U.S. governance. The authors explore the political and economic dynamics that have shaped the region, including the influence of military alliances, economic aid programs, and cultural exchange. They argue that these historical factors have contributed to the development of a complex web of economic relationships and dependencies that continue to influence Kosrae's economic development today.

Chapter 2 focuses on the recent policies implemented by the United States government, particularly in the context of economic development. The authors examine the impact of free trade agreements, foreign aid, and infrastructure investments on Kosrae's economy. They analyze the benefits and challenges associated with these policies, including the potential for job creation, increased trade opportunities, and improved access to essential services. However, they also raise concerns about the potential negative effects, such as the erosion of local industries, dependence on foreign aid, and environmental degradation.

Chapter 3 delves into the specific economic sectors that have been affected by these policies. The authors examine the role of agriculture, fisheries, and tourism in Kosrae's economy and explore how they have responded to the changes brought about by government interventions. They highlight the successes and challenges faced by these sectors, including the impact of globalization, climate change, and market fluctuations. They also discuss the efforts undertaken by the local community to adapt and thrive in a changing economic environment.

Chapter 4 examines the social and cultural implications of economic change on Kosrae. The authors explore how the recent policies have impacted the lives of the island's residents, including changes in employment opportunities, income levels, and social mobility. They discuss the impact of these changes on traditional customs, values, and social structures, and the strategies employed by the community to maintain a sense of identity and stability amidst the rapid transformations.

Chapter 5 concludes the book
The conclusion summarizes the key findings and implications of the book. The authors reiterate the importance of understanding the complex relationship between economic change and government policies in the context of small Pacific islands like Kosrae. They emphasize the need for policymakers to consider the diverse needs and perspectives of island communities and to adopt policies that promote sustainable, inclusive, and equitable economic development. They also call for increased research and collaboration between academics, policymakers, and community leaders to better understand the dynamics of economic change in small Pacific islands and to develop effective strategies for promoting sustainable growth and prosperity.

In conclusion, this book offers a valuable contribution to the field of economic studies by providing a comprehensive case study of economic change on a small Pacific island. Through meticulous research and analysis, the authors shed light on the intricate interplay between economic development, government policies, and the broader Micronesian community. The book provides valuable insights into the challenges and opportunities faced by small island economies and offers practical recommendations for policymakers and community leaders seeking to promote sustainable and inclusive economic growth.

ISBN-13: 9780367158125