As the world's newest independent nation, the challenges facing East Timor are particularly acute. Per capita income is roughly $300, making it one of the world's poorest nations. There also remains the possibility of difficult relations with its giant neighbour, Indonesia. This comprehensive volume is the first serious analysis of East Timor's economic prospects. It draws on local as well as international expertise, from both academics and policy makers. Issues covered include international economic relations, agriculture, finance and infrastructure and political institutions.