Foundation for the Future: A Private Sector Assessment for Papua New Guinea

Abstract

International experience strongly suggests that resource booms often do not bring lasting benefits and prosperity unless they are supported by an effective institutional and legal framework for business to prosper. This private sector assessment suggests ways in which Papua New Guinea can consolidate and sustain its current commodities-based growth spurt by making improvements to the business environment that will encourage sustainable investment in the non-resource sectors of the economy, facilitate competition, create jobs, and bring prosperity throughout the nation.