2011 Updated Reprint. Updated Annually. Marshall Islands Business Law Handbook

Marshall Islands Business Intelligence Report - Practical Information, Opportunities, Contacts

The citizens of the Marshall Islands have been told that climate change will doom their country, and they have seen confirmatory omens in the land, air, and sea. This book investigates how grassroots Marshallese society has interpreted and responded to this threat as intimated by local observation, science communication, and Biblical exegesis. With grounds to dismiss or ignore the threat, Marshall Islanders have instead embraced it; with reasons to forswear guilt and responsibility, they have instead adopted in-group blame; and having been instructed that resettlement is necessary, they have vowed instead to retain the homeland. These dominant local responses can be understood as arising from a pre-existing, vigorous constellation of Marshallese ideas termed "modernity the trickster": a historically inspired narrative of self-inflicted cultural decline and seduction by Euro-American modernity. This study illuminates islander agency at the intersection of the local and the global, and suggests a theory of risk perception based on ideological commitment to narratives of historical progress and decline.

Real output growth of the Republic of the Marshall Islands appears to have slowed sharply in FY2003 and again in FY2004. The 2005 Article IV Consultation highlights that the economic activity has been hampered by delays in implementing an upgraded public works program and the closure of a large privately owned tuna processing plant. The fiscal position deteriorated in FY2004. This deterioration reflects, on the revenue side, a decline in grants aimed at infrastructure projects owing in part to delays in initiating projects, lower income tax collection, and volatility in nontax revenue.

ADB aims to improve the welfare of the people in the asia and pacific region, particularly the nearly 1.9 billion live less than $2 a day. Despite many success sotires, the region remains home to two thirds of the world's poor. ADB is a multilateral development finance instition owned by 67 members, 48 from the region and 19 from other parts of the globe. ADB's vision is a region free of poverty. It mission is to help its developing member countries are poverty and improve their inequility of life. ADB's main instruments for helping its developing memeber vountries are policy dialogue, loans, equity investments, guarantees, grants and technical assistance. ADB's annual lending volume is typically about $6 billion, with technical assistatnce usually totalling about $180 million a year.