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Maldives: Overcoming the Challenges of a Small Island State

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 |  2015-09-01 |  2015-09-01 | File type: PDF

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The Maldives has propelled itself to middle-income status despite its geographic constraints and the risks it faces as a small island economy. The Maldivesí relatively strong economic growth has brought about a dramatic reduction in poverty and improvement in the welfare of the Maldivian people. However, the growth, which is primarily driven by the tourism sector, has been highly cyclical and vulnerable to external shocks, and unable to create adequate jobs for th...

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