Hawai'I Becalmed

the long version

"What happened during the decade of the 1990s to cause Hawaii's once full economic sails to deflate, leaving the economy in the doldrums? What can Hawai'i's leaders do to revive economic growth - or can anything be done? What lessons does this period of prolonged economic stagnation hold for those who care about Hawai'i's future?". "The author recounts many of the external and internal events that affected Hawai'i during the 1990s and their long-term economic impact. Following a lengthy period of denial and inaction, Hawai'i leaders began exploring a wide variety of policies designed to remove perceived competitive barriers and stimulate the economy. These efforts culminated in policy initiatives that may have assured Governor Ben Cayetano's re-election in 1998. Subsequent economic recovery permitted the pursuit of more questionable economic policies but the tragic events of 9/11 are a reminder of the tenuous nature of Hawai'i's economic recovery.". "This book will challenge students, businesspeople, social scientists, and government leaders to think about the significant issues associated with a near zero-growth economy and ways in which to revitalize our economy. A fundamental understanding of Hawaii's position in the global economy - and the challenges it poses for public policy - is essential for all citizens before effective decisions can be made on how to move Hawai'i's economy forward."--BOOK JACKET.