Tonga Urged to Use Global Economic Crisis to its Advantage

Date:  Thu, 2008-10-23

Tonga Urged to Use Global Economic Crisis to its Advantage

Kingdom of Tonga − October 23, 2008 −− PACIFIC island nations are in a good position to take advantage of the current global economic crisis, according to Dr David E. Martin.

Dr Martin, an intellectual property and international finance specialist, said countries in this region were uniquely situated to integrate their industrial, natural and indigenous assets to form a banking and corporate sector that will weather the current crisis.

Instead of being overshadowed by the multinationals and bigger governments, the current economic game plan had put smaller nations on an even keel and as such they could now re-write the rules of how their intellectual property was used.