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Economy/Problems of Oceania

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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Economy/Problems of Oceania

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  1. Economy/Problems of Oceania

  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. 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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