02903     2200265   4500001002100000005001500021035002000036008004100056245005200097100001700149260006900166300001900235020001800254084002200272520223000294082001602524650001602540650002002556863000602576990001102582990001102593990001102604990001102615990001102626INLIS00000000000570220220815101032  a0010-0721000961220815                g          0 ind  1 aLessons For East Timor :bThe Experience Of PNG1 aElek, Andrew  aJakarta :bCentre For Strategic And International Studies,c2002  a46 hlm. ;ccm.  a979-802-676-4  a330.959.856 ELE l  aLESSONS FOR EAST TIMOR THE EXPERIENCE OF PNGDR ANDREW ELEK, the author of this publicarion, has worked exrensively in development economics in the south Pacific as well as in south Asia. He is an adviser to the Prime Ministel of Papua New Guinea (pNG) onmacro-economic strat egy and international economic relations. His deep understanding of the economic problems of PNG resulted from his experience as a senior official in the PNG Ministry of Finance during the four years after its independence in 1975. Independent East Timor, in the view of Dr Elek, is likely to face challenges similar to those faced by PNG in the early years after its independence. East Timor, iit . PNG, is a very small economy. The majorit y of their population are engaged in subsistence activities. Both economies are extremely nrlnerable ro external shocks. The PNG experience has shown that sound macroeconomic management, particularly fiscal discipline, is essential. Forever, Dr Elek also showed that this wili nor be enough. Sustained development in living standards will require investment in hurnan resource development and pirysic infra structure ro allowleople ro improre their proartivity by engaging in more diverse economic activitiei. Sustainej development also requires an on-going incentive for East Timoris leaders to remain committed to thtse efforts. In essence, this Lasorcfor East Timor: ru ExPeriarce of PNG will require a system of government that makes them account-able for their performance. The main challenges are the ability to effectively use the available funds and to recover enough of the costs of the investments to maintain and expand it in line with the growth of the economy. Dr Elek showed that PNG did not do well on these counts. One reason is that the government sector took on too much of the responsibility for the day-to dry adminisrration and management of those tasks. East Timor should explore the possibility of allowing some of those tasks be carried out by private enterprises. CSIS is publishing this interesting and well-informed study to show its deep support to and to contribute to the effons by the new East Timor leaders and to wish the new nation a greet success in their endeavor. (libra)  a330.959.856  aTimor-Timur  aPolitik Ekonomi  a4  a010612  a010608  a010609  a010610  a010611