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Economy/Problems of Oceania. 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

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australia economy
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

australia economy continued
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
australia economy continued1
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
new zealand economy
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
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