Location, Location, Location! A uniquely Hawaiʻi economic development strategy
By Steven Bond-Smith* Hawai‘i’s vulnerability to economic shocks has become a paramount concern during the pandemic. Extreme specialization in the visitor industry exposes Hawaiʻi to risk and volatility when events such as a pandemic, recession or terrorist attack trigger collapses in visitor numbers. In response, policy-makers in Hawaiʻi are placing an increasing emphasis on diversification. […]
Read MoreLocation, Location, Location! A uniquely Hawai‘i economic development strategy
By Steven Bond-Smith Hawaiʻi’s economy is in trouble. Unemployment is typically low in Hawai‘i and it was close to an all-time low in March 2020 at just 2.1 per cent. But Covid-19 has ravaged the visitor industry. Business travel and tourism have dried up due to public health restrictions and the risk of contracting Covid […]
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