exporting parts and accessories for the machinery. If we can actually export the machinery already assembled I believe that the nation will find it very beneficial. Last year U.S. companies totaled $3,872,000 in exports and foreign direct investment for land development and subdivision. With a little bit of effort I think we can increase that drastically.
There may be a couple of obstacles to overcome to actually get this idea in motion. One challenge is going to be obtaining the resources needed to transport these large machines. It is not going to be cheap but the rewards will be well worth it. Our competitors will also produce a little problem for us. Although as I mentioned before there really aren't many of them to worry about. The one's we do have to worry about do not go to the extent in which I think we should go. I think that we should do this thing right or not do it at all. We should make sure that we provide this nation with great service and great products. No other company ships over assembled machines as far as I can tell. So that will be to our advantage.
After doing some research on the economy of Fiji I found that it is fairly stable. Fiji is one of the most developed of the Pacific island economies, although it remains a developing country with a large subsistence agriculture sector. The effects of the Asian financial crisis contributed to substantial drops in the GDP in 1997 and 1998, but it began to rise in 1999 with assistance of a 20% devaluation of the Fijian dollar. According to 1996 figures the growth rate is about 3%. Some long term economic problems include low investment rates and uncertain property rights. Investment laws are being reviewed to make them more business friendly, including a relaxation of work permit requirements. However, investor confidence in Fiji has dropped significantly due to the recurrence of political instability. In general government economic poli...