2. Australia/Economy Developed country w/ a market economy Exports raw materials Dairy products, meat, fish, wool Imports manufactured goods Cars, petroleum, consumer goods, plastics Mining is imp to Australia’s economy Leading producer of opals, bauxite, lead Export many minerals to East Asia opals

3. Australia/Economy continued Only 6% of Australia’s land suitable for farming Most land used for grazing sheep Australia is the world’s leading producer of wool 30% of the world’s total wool products Most sheep raised around the Great Dividing Range Sheep raised on huge ranches called stations These ranches are examples of extensive agriculture Extensive agriculture: agriculture that uses much of the land but small inputs of capital/labor per unit area

4. Australia/Economy continued Tourism is a growing industry in Australia Major vacation areas include: Great Barrier Reef, Sydney Australia is about a 15 hr flight from Los Angeles

5. Australia/Problems 1. Addressing Aboriginal claims to land Aborigines have protested use of sacred lands for mining 2. Protecting the environment Too much land cleared for grazing Rainforests destroyed 3. Introduction of exotic species British introduced plants/animals that were not native to the country EX: British introduced rabbits/caused damaged to grazing lands/erosion

6. New Zealand/Economy Economy a combination of farming, manufacturing, & tourism New Zealand’s pastures support sheep & cattle World’s largest producer of kiwi fruit Has growing film industry Lord of the Rings

7. New Zealand/Problems 1. Developing industry in New Zealand Small population makes it hard to develop industry 2. Developing diversity in the economy New Zealand depends heavily on exports Had to bring in new trading partners due to rise of tariffs in G. Britain When G. Britain joined the EU, it had to raise taxes on imports so many goods from New Zealand did not sell in G. Britain New Zealand began to trade more w/ U.S. & Japan

8. Pacific Islands/Economy Each country of the Pacific controls an Exclusive Economic Zone (EEZ) These zones stretch 200 nautical miles from each country’s shores Countries can charge fees for economic activities w/in their EEZ EX: Tuna companies pay high prices to fish w/in a country’s EEZ

9. Pacific Islands/Problems Environmental (1) Cutting of rainforests/soil erosion Nuclear weapons testing(2) U.S./British use their territories as nuclear testing grounds People fear radiation from tests could cause health problems Global Warming (3) Rising temperatures can cause low-lying islands to sink