Royal Ape's Musings

Millions saw the apple fall and thought it was just an old fruit but only one man asked why which led to the Theory of Gravity and men landing on the moon. It only takes one curious mind to change the world. If you want better results, you need better answers. If you want better answers, start by asking better questions. - Adapted by Jordan Dean

Introduction Papua New Guinea has some of the poorest social indicators in the world. Despite over 10% increase in the annual GDP (2012: 15.4%, 2013: 16.2%, 2014: 18.7%, 2015: 24.7%), PNG is not significantly progressing on its development indicators (Millennium Development Goals). There is essentially no transformation industry in PNG and the country is highly dependent on imports. Moreover, most people live below the poverty line, wages are low and there is a lack in social protections. According to UNDP (2012) thirty-seven percent of PNG's population live below the national poverty line and PNG is one of the poorest countries in Asia and indeed the world. Low income households in Papua New Guinea typically exhibit low or low-moderate levels of financial competence across all financial domains and activities. Poverty is the direct result of high unemployment rates and low income earning opportunities. Most of the employees in Papua New Guinea are middle to low income earne...