The Experience Of PNG Elek, Andrew text Jakarta Centre For Strategic And International Studies 2002 ind 46 hlm. ; cm. LESSONS 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) Timor-Timur Politik Ekonomi 330.959.856 330.959.856 ELE l 979-802-676-4 220815 20220815101032 INLIS000000000005702 Converted from MARCXML to MODS version 3.5 using MARC21slim2MODS3-5.xsl (Revision 1.106 2014/12/19)