1.
Port Moresby
–
Port Moresby, also referred to as Pom City or simply Moresby, is the capital and largest city of Papua New Guinea. It is located on the shores of the Gulf of Papua, the city emerged as a trade centre in the second half of the 19th century. During World War II it was an objective for conquest by the Imperial Japanese forces during 1942–43 as a staging point and air base to cut off Australia from Southeast Asia. In 2000 it had a population of 254,158, as of 2011 it had a population of 364,145, giving it an annual growth rate of 2. 1% over a nine-year period. The place where the city was founded has been inhabited by the Motu-Koitabu people for centuries, the first European to see it was Captain John Moresby in 1873. It was named in honour of his father, Admiral Sir Fairfax Moresby, although Port Moresby is surrounded by Central Province, of which it is also the capital, it is not part of that province, but forms the National Capital District. The Motuan people of the now known as Port Moresby traded their pots for sago, other food and canoe logs, sailing from Hanuabada. Their language, Motu, was the basis of Hiri Motu and it has been steadily in decline since the 1960s when Tok Pisin began to grow in popularity. The Hiri expeditions were large scale, as many as 20 multi-hulled canoes or lakatoi, crewed by some 600 men, carried about 20,000 clay pots on each journey. To the Motuans, the Hiri was an enterprise and it confirmed their tribal identity through its long. There was already an important trade centre on the site of Port Moresby when the English Captain John Moresby of HMS Basilisk first visited it and he sailed through the Coral Sea at the eastern end of New Guinea, saw three previously unknown islands, and landed there. At 10 a. m. on 20 February 1873, he claimed the land for Britain and named it after his father and he called the inner reach Fairfax Harbour and the other Port Moresby. In 1883 Queensland attempted to annex the south-eastern corner of the New Guinea Island, British authorities refused to approve the annexation following the German annexation of New Guinea in 1884, but four years later it established a protectorate over Papua as British New Guinea. In 1905 the recently federated Australian government passed the Papua Act which came into effect in 1906, the act transferred Papua, with Port Moreseby as its capital, to direct Australian rule. From then until 1941 Port Moresby grew slowly, the main growth was on the peninsula, where port facilities and other services were gradually improved. The first butchers shop and grocery opened in 1909, electricity was introduced in 1925, many Papuan residents of Port Moresby either returned to their family villages or were evacuated to camps when the threat of Japanese invasion loomed. Port Moresby became the capital of the new combined territory and a point for the expansion of public services. In September 1975, Papua New Guinea became an independent country with Port Moresby as its capital city, Prince Charles, Prince of Wales, represented the Queen of Papua New Guinea at the celebrations
Port Moresby
–
Downtown Port Moresby
Port Moresby
–
A Hiri expedition arriving in Port Moresby in the 1990s
Port Moresby
–
Queensland raises the British flag at Port Moresby 1883
Port Moresby
–
Government House, Port Moresby, beginning of 20th century.
2.
Papua New Guinean kina
–
The kina is the currency of Papua New Guinea. It is divided into 100 toea, the kina was introduced on 19 April 1975, replacing the Australian dollar at par. The name kina is derived from Kuanua language of the Tolai region, for earlier currencies used in Papua New Guinea, see New Guinea pound and New Guinea mark. In 1975, coins were introduced for 1,2,5,10 and 20 toea and 1 kina, the 1 and 2 toea were minted in bronze, with the others in cupronickel. The 1 kina is round and holed in the centre, this denomination was reduced in size starting from 2006,2008 also saw the introduction of a bimetallic 2 kina coin intended to replace the 2 kina note. The withdrawal of the 1 and 2 toea coins also occurred in 2006, in 1980,50 toea coins were introduced but only issued in commemorative form without a standard design. On 19 April 1975, notes were introduced for 2,5 and 10 kina that replaced the Australian dollar at par and they circulated along with the dollar until the 1 January 1976 when the dollar ceased to be legal tender. The 20 kina was introduced in 1977,50 kina in 1988, all colouration of the individual denominations are the same as current and former Australian decimal currency. Beginning in 1991, Papua New Guineas banknotes have been produced on polymer, a new issue of banknotes has been issued starting with the 50 kina in 1999, then the 100 kina in 2005,2 and 20 kina in 2007 and the 5 and 10 kina in 2008. This makes all the denominations of the issued in polymer
Papua New Guinean kina
–
Commemorative K50 Note
3.
Fiscal year
–
A fiscal year is the period used by governments for accounting and budget purposes, which vary between countries. It is also used for reporting by business and other organizations. Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, the calculation of tax on an annual basis is especially relevant for direct taxation, such as income tax. Many annual government fees—such as Council rates, licence fees, etc. —are also levied on a year basis. The fiscal year end is the date marks the end of the fiscal year. Some companies—such as Cisco Systems—end their fiscal year on the day of the week each year. Under such a system, some years will have 52 weeks. Many universities have a year which ends during the summer. In the northern hemisphere this is July to the next June, in the southern hemisphere this is calendar year, January to December. Some media/communication-based organizations use a broadcast calendar as the basis for their fiscal year, the American football league NFL uses the term league year, which in effect forms the leagues fiscal year. In Afghanistan, the year was recently changed from 1 Hamal –29 Hoot to 1 Jadi –30 Qaus. The fiscal year runs with the Afghan calendar, thus resulting in difference of the Gregorian dates once in a four-year span, in Australia, a fiscal year is commonly called a financial year and starts on 1 July and ends on the next 30 June. Financial years are designated by the year of the second half of the period. For example, financial year 2017 is the 12-month period ending on 30 June 2017 and it is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. Business enterprises may opt to use a year that ends at the end of a week. All entities within the one group must use the financial year. The Commonwealth adopted the near-ubiquitous financial year standard since its inception in 1901, the reason given for the change was for convenience, as Parliament typically sits during May and June, while it was difficult for it to meet in November and December to pass a budget. In Austria the fiscal year is the year,1 January to 31 December
Fiscal year
–
Accounting
4.
World Trade Organization
–
The World Trade Organization is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade, most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round. The WTO is attempting to complete negotiations on the Doha Development Round, as of June 2012, the future of the Doha Round remained uncertain, the work programme lists 21 subjects in which the original deadline of 1 January 2005 was missed, and the round is still incomplete. This impasse has made it impossible to launch new WTO negotiations beyond the Doha Development Round, as a result, there have been an increasing number of bilateral free trade agreements between governments. As of July 2012, there were various groups in the WTO system for the current agricultural trade negotiation which is in the condition of stalemate. The WTOs current Director-General is Roberto Azevêdo, who leads a staff of over 600 people in Geneva, a trade facilitation agreement, part of the Bali Package of decisions, was agreed by all members on 7 December 2013, the first comprehensive agreement in the organizations history. Seven rounds of negotiations occurred under GATT, the first real GATT trade rounds concentrated on further reducing tariffs. Then, the Kennedy Round in the mid-sixties brought about a GATT anti-dumping Agreement, because these plurilateral agreements were not accepted by the full GATT membership, they were often informally called codes. Several of these codes were amended in the Uruguay Round, only four remained plurilateral, but in 1997 WTO members agreed to terminate the bovine meat and dairy agreements, leaving only two. Well before GATTs 40th anniversary, its members concluded that the GATT system was straining to adapt to a new globalizing world economy. In response to the problems identified in the 1982 Ministerial Declaration, the GATT still exists as the WTOs umbrella treaty for trade in goods, updated as a result of the Uruguay Round negotiations. GATT1994 is not however the only legally binding agreement included via the Final Act at Marrakesh, the highest decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. It brings together all members of the WTO, all of which are countries or customs unions, the Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements. When agricultural export subsidies were agreed to be phased out and adoption of the European Unions Everything, the WTO launched the current round of negotiations, the Doha Development Round, at the fourth ministerial conference in Doha, Qatar in November 2001. This was to be an effort to make globalization more inclusive and help the worlds poor, particularly by slashing barriers. The initial agenda comprised both further trade liberalization and new rule-making, underpinned by commitments to strengthen substantial assistance to developing countries. Among the various functions of the WTO, these are regarded by analysts as the most important and it provides a forum for negotiations and for settling disputes. Another priority of the WTO is the assistance of developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training
World Trade Organization
–
The economists
Harry White (left) and
John Maynard Keynes at the
Bretton Woods Conference. Both had been strong advocates of a central-controlled international trade environment and recommended the establishment of three institutions: the
IMF (for fiscal and monetary issues); the
World Bank (for financial and structural issues); and the
ITO (for international economic cooperation).
World Trade Organization
–
Members
World Trade Organization
–
During the
Doha Round, the
US government blamed
Brazil and
India for being inflexible and the EU for impeding agricultural imports. The then-
President of Brazil,
Luiz Inácio Lula da Silva (above right), responded to the criticisms by arguing that progress would only be achieved if the richest countries (especially the US and countries in the EU) made deeper cuts in
agricultural subsidies and further opened their markets for agricultural goods.
World Trade Organization
–
The
World Trade Organization Ministerial Conference of 1998, in the
Palace of Nations (
Geneva,
Switzerland).
5.
Asia-Pacific Economic Cooperation
–
Asia-Pacific Economic Cooperation is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region. An annual APEC Economic Leaders Meeting is attended by the heads of government of all APEC members except Taiwan, in January 1989, Australian Prime Minister Bob Hawke called for more effective economic cooperation across the Pacific Rim region. This led to the first meeting of APEC in the Australian capital of Canberra in November, attended by ministers from twelve countries, the meeting concluded with commitments for future annual meetings in Singapore and Korea. This plan was opposed because of the countries in the America Region, and strongly criticized by Japan. He believed it would bring the stalled Uruguay Round of trade talks back on track. At the meeting, some called for continued reduction of barriers to trade and investment. The APEC Secretariat, based in Singapore, was established to coordinate the activities of the organization, in 1995, APEC established a business advisory body named the APEC Business Advisory Council, composed of three business executives from each member economy. In April 2001, the APEC, in collaboration with five other international organisations launched the Joint Oil Data Exercise, APEC currently has 21 members, including most countries with a coastline on the Pacific Ocean. However, the criterion for membership is that the member is a separate economy, as a result, APEC uses the term member economies rather than member countries to refer to its members. APEC also includes three official observers, ASEAN, the Pacific Islands Forum and the Pacific Economic Cooperation Council, India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea. Officials have decided not to allow India to join for various reasons, considering that India does not border the Pacific Ocean, however, India was invited to be an observer for the first time in November 2011. Bangladesh, Pakistan, Sri Lanka, Macau, Mongolia, Laos, Cambodia, Costa Rica, Colombia, Panama, and Ecuador, are among a dozen other economies that have applied for membership in APEC. Guam has also actively seeking a separate membership, citing the example of Hong Kong, but the request is opposed by the United States. Fiji might consider to join APEC sometime in the future, despite opposition from Australia, APEC has long been at the forefront of reform efforts in the area of business facilitation. Between 2002 and 2006 the costs of transactions across the region was reduced by 6%. Between 2007 and 2010, APEC hopes to achieve an additional 5% reduction in transaction costs. To this end, a new Trade Facilitation Action Plan has been endorsed, the APEC Business Travel Card, a travel document for visa-free business travel within the region is one of the concrete measures to facilitate business. In May 2010 Russia joined the scheme, thus completing the circle, APEC first formally started discussing the concept of a Free Trade Area of the Asia-Pacific at its summit in 2006 in Hanoi
Asia-Pacific Economic Cooperation
–
Former South Korean President
Roh Moo-hyun with Japanese Prime Minister
Shinzo Abe and U.S. President
George W. Bush at
APEC 2006 in
Hanoi, Vietnam.
Asia-Pacific Economic Cooperation
–
Logo
Asia-Pacific Economic Cooperation
–
Australia Prime Minister Malcolm Turnbull
Asia-Pacific Economic Cooperation
–
Brunei Sultan Hassanal Bolkiah
6.
Gross domestic product
–
Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a period. Nominal GDP estimates are used to determine the economic performance of a whole country or region. The OECD defines GDP as a measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production. ”An IMF publication states that GDP measures the monetary value of final goods and services - that is. Total GDP can also be broken down into the contribution of industry or sector of the economy. The ratio of GDP to the population of the region is the per capita GDP. William Petty came up with a concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695, the modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare, after the Bretton Woods conference in 1944, GDP became the main tool for measuring a countrys economy. The switch from GNP to GDP in the US was in 1991, the history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the sector, by financial industries. GDP can be determined in three ways, all of which should, in principle, give the same result and they are the production approach, the income approach, or the expenditure approach. The most direct of the three is the approach, which sums the outputs of every class of enterprise to arrive at the total. The income approach works on the principle that the incomes of the factors must be equal to the value of their product. This approach mirrors the OECD definition given above, deduct intermediate consumption from gross value to obtain the gross value added. Gross value added = gross value of output – value of intermediate consumption, value of output = value of the total sales of goods and services plus value of changes in the inventories. The sum of the value added in the various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products = GDP at producer price, for measuring output of domestic product, economic activities are classified into various sectors. Subtracting each sectors intermediate consumption from gross output gives the GDP at factor cost, adding indirect tax minus subsidies in GDP at factor cost gives the GDP at producer prices
Gross domestic product
–
Selection of GDP PPP data (top 10 countries and blocks) in no particular order
7.
List of countries by GDP (nominal)
–
Gross domestic product is the market value of all final goods and services from a nation in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, such fluctuations may change a countrys ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. Comparisons of national wealth are also made on the basis of purchasing power parity. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures, india has also experienced a similar economic boom since the implementation of neoliberal reforms in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world and it was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States. Several economies which are not considered to be countries are included in the lists because they appear in the sources as distinct economies and these economies are italicized and not ranked in the charts, but are listed where applicable. List of countries by GDP List of countries by GDP per capita List of countries by GDP per capita
List of countries by GDP (nominal)
–
A map of world economies by size of GDP (nominal) in USD,
World Bank, 2014.
8.
List of countries by GDP (PPP)
–
This article includes a list of countries by their gross domestic product, the value of all final goods and services produced within a state in a given year. Countries are sorted by nominal GDP estimates from financial and statistical institutions, the GDP dollar data given on this page are derived from purchasing power parity calculations. It is however limited when measuring financial flows between countries, PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods. The first table includes estimates for the year 2016, for all current 187 International Monetary Fund members, as well as Hong Kong, data are in millions of international dollars and were calculated by the IMF. Figures were published in April 2015, the second table includes data mostly for the year 2015 for 180 of the 193 current United Nations member states, as well as the two Chinese Special Administrative Regions. Data are in billions of dollars and were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook Gross Domestic Product data update of 2016, the data for GDP at purchasing power parity have also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. Click on one of the triangles in the headings to re-order the list according to that category. ^a Chinas PPP is based on prices for 11 administrative regions, extrapolated to the country. Chinas entry does not include the two administrative regions, namely Hong Kong and Macau. List of Muslim Countries by GDP Purchasing Power Parity at Materia Islamica
List of countries by GDP (PPP)
–
World Share of GDP (PPP) according to data released by the IMF, October 2014
9.
Inflation
–
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency. When the price rises, each unit of currency buys fewer goods. Consequently, inflation reflects a reduction in the power per unit of money – a loss of real value in the medium of exchange. A chief measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index. The opposite of inflation is deflation, Inflation affects economies in various positive and negative ways. Economists generally believe that high rates of inflation and hyperinflation are caused by a growth of the money supply. However, money supply growth does not necessarily cause inflation, some economists maintain that under the conditions of a liquidity trap, large monetary injections are like pushing on a string. Views on which factors determine low to moderate rates of inflation are more varied, low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities. However, the view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth. Today, most economists favor a low and steady rate of inflation, the task of keeping the rate of inflation low and stable is usually given to monetary authorities. Rapid increases in quantity of the money or in the money supply have occurred in many different societies throughout history. By diluting the gold with other metals, the government could issue more coins without also needing to increase the amount of used to make them. When the cost of each coin is lowered in this way and this practice would increase the money supply but at the same time the relative value of each coin would be lowered. As the relative value of the coins becomes lower, consumers would need to give more coins in exchange for the same goods and these goods and services would experience a price increase as the value of each coin is reduced. Song Dynasty China introduced the practice of printing paper money in order to create fiat currency, during the Mongol Yuan Dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation. Fearing the inflation that plagued the Yuan dynasty, the Ming Dynasty initially rejected the use of paper money, historically, large infusions of gold or silver into an economy also led to inflation. This was largely caused by the influx of gold and silver from the New World into Habsburg Spain. The silver spread throughout a previously cash-starved Europe and caused widespread inflation, demographic factors also contributed to upward pressure on prices, with European population growth after depopulation caused by the Black Death pandemic
Inflation
–
Two 20 kr gold coins from the
Scandinavian Monetary Union, a historical example of an international gold standard.
Inflation
–
Annual inflation rates in the United States from 1666 to 2004.
10.
Consumer price index
–
A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of items whose prices are collected periodically. It is one of several price indices calculated by most national statistical agencies, the annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices, in most countries, the CPI is, along with the population census one of the most closely watched national economic statistics. Basic types of data that are needed to construct the CPI, price data, the price data are collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times. The weighting data are estimates of the shares of the different types of expenditure in the total expenditure covered by the index, therefore, the sampling variance cannot be calculated. In any case, an estimate is required in most of the purposes for which the index is used. These indices compare prices each month with prices in the price-reference month and it takes time to assemble and process the information used for weighting which, in addition to household expenditure surveys, may include trade and tax data. Ideally, the weights would relate to the composition of expenditure during the time between the month and the current month. There is a large technical economics literature on index formulae which would approximate this, such an index would show how consumer expenditure would have to move to compensate for price changes so as to allow consumers to maintain a constant standard of living. Approximations can only be computed retrospectively, whereas the index has to appear monthly and, preferably, the coverage of the index may be limited. Saving and investment are always excluded, though the prices paid for services provided by financial intermediaries may be included along with insurance. The index reference period, usually called the year, often differs both from the weight-reference period and the price reference period. This is just a matter of rescaling the whole time-series to make the value for the index reference-period equal to 100. Current Item Price = Base Year Price × Current CPI Base Year CPI or CPI2 CPI1 = Price 2 Price 1 Where 1 is usually the comparison year, alternatively, the CPI can be performed as CPI = updated cost base period cost ×100. The updated cost is divided by that of the initial year, many but not all price indices are weighted averages using weights that sum to 1 or 100. Example, The prices of 85,000 items from 22,000 stores, and 35,000 rental units are added together and averaged. They are weighted this way, Housing,41. 4%, Food and Beverage,17. 4%, Transport,17. 0%, Medical Care,6. 9%, Other,6. 9%, Apparel,6. 0%, Entertainment,4. 4%
Consumer price index
–
A graph of the
US CPI from 1913 to 2014 (in blue), and its percentage annual change (in red)
11.
Poverty threshold
–
The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country. In practice, like the definition of poverty, the official or common understanding of the poverty line is higher in developed countries than in developing countries. In 2008, the World Bank came out with a figure of $1.25 at 2005 purchasing-power parity, the new IPL replaces the $1.25 per day figure, which used 2005 data. Most scholars agree that it better reflects todays reality, particularly new price levels in developing countries, the common international poverty line has in the past been roughly $1 a day. At present the percentage of the population living under extreme poverty is likely to fall below 10% according to the World Bank projections released in 2015. Determining the poverty line is usually done by finding the total cost of all the resources that an average human adult consumes in one year. Individual factors are used to account for various circumstances, such as whether one is a parent, elderly. The poverty threshold may be adjusted annually, charles Booth, a pioneering investigator of poverty in London at the turn of the 20th century, popularised the idea of a poverty line, a concept originally conceived by the London School Board. Booth set the line at 10 to 20 shillings per week, to secure the necessaries of a healthy life, which included fuel and light, rent, food, clothing, and household and personal items. Based on data from leading nutritionists of the period, he calculated the cheapest price for the minimum calorific intake and nutritional balance necessary and he considered this amount to set his poverty line and concluded that 27. 84% of the total population of York lived below this poverty line. Rowntree distinguished between primary poverty, those lacking in income and secondary poverty, those who had enough income, Absolute poverty is the level of poverty as defined in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter. For the measure to be absolute, the line must be the same in different countries, cultures, such an absolute measure should look only at the individuals power to consume and it should be independent of any changes in income distribution. Notice that if real income in an economy increases. Measuring poverty by a threshold has the advantage of applying the same standard across different locations and time periods. For example, a living in far northern Scandinavia requires a source of heat during colder months. The term absolute poverty is sometimes used as a synonym for extreme poverty. Absolute poverty is the absence of resources to secure basic life necessities. It depends not only on income but also on access to services, safe drinking water, Water must not come solely from rivers and ponds, and must be available nearby
Poverty threshold
–
Percentage of population living on less than
$ 1.25 per day.
UN estimates 2000–2007.
12.
Australia
–
Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It is the worlds sixth-largest country by total area, the neighbouring countries are Papua New Guinea, Indonesia and East Timor to the north, the Solomon Islands and Vanuatu to the north-east, and New Zealand to the south-east. Australias capital is Canberra, and its largest urban area is Sydney, for about 50,000 years before the first British settlement in the late 18th century, Australia was inhabited by indigenous Australians, who spoke languages classifiable into roughly 250 groups. The population grew steadily in subsequent decades, and by the 1850s most of the continent had been explored, on 1 January 1901, the six colonies federated, forming the Commonwealth of Australia. Australia has since maintained a liberal democratic political system that functions as a federal parliamentary constitutional monarchy comprising six states. The population of 24 million is highly urbanised and heavily concentrated on the eastern seaboard, Australia has the worlds 13th-largest economy and ninth-highest per capita income. With the second-highest human development index globally, the country highly in quality of life, health, education, economic freedom. The name Australia is derived from the Latin Terra Australis a name used for putative lands in the southern hemisphere since ancient times, the Dutch adjectival form Australische was used in a Dutch book in Batavia in 1638, to refer to the newly discovered lands to the south. On 12 December 1817, Macquarie recommended to the Colonial Office that it be formally adopted, in 1824, the Admiralty agreed that the continent should be known officially as Australia. The first official published use of the term Australia came with the 1830 publication of The Australia Directory and these first inhabitants may have been ancestors of modern Indigenous Australians. The Torres Strait Islanders, ethnically Melanesian, were originally horticulturists, the northern coasts and waters of Australia were visited sporadically by fishermen from Maritime Southeast Asia. The first recorded European sighting of the Australian mainland, and the first recorded European landfall on the Australian continent, are attributed to the Dutch. The first ship and crew to chart the Australian coast and meet with Aboriginal people was the Duyfken captained by Dutch navigator, Willem Janszoon. He sighted the coast of Cape York Peninsula in early 1606, the Dutch charted the whole of the western and northern coastlines and named the island continent New Holland during the 17th century, but made no attempt at settlement. William Dampier, an English explorer and privateer, landed on the north-west coast of New Holland in 1688, in 1770, James Cook sailed along and mapped the east coast, which he named New South Wales and claimed for Great Britain. The first settlement led to the foundation of Sydney, and the exploration, a British settlement was established in Van Diemens Land, now known as Tasmania, in 1803, and it became a separate colony in 1825. The United Kingdom formally claimed the part of Western Australia in 1828. Separate colonies were carved from parts of New South Wales, South Australia in 1836, Victoria in 1851, the Northern Territory was founded in 1911 when it was excised from South Australia
Australia
–
Aboriginal rock art in the
Kimberley region of Western Australia
Australia
Australia
–
Portrait of Captain
James Cook, the first European to map the eastern coastline of Australia in 1770
Australia
–
Tasmania's
Port Arthur penal settlement is one of eleven UNESCO World Heritage-listed
Australian Convict Sites.
13.
Japan
–
Japan is a sovereign island nation in Eastern Asia. Located in the Pacific Ocean, it lies off the eastern coast of the Asia Mainland and stretches from the Sea of Okhotsk in the north to the East China Sea, the kanji that make up Japans name mean sun origin. 日 can be read as ni and means sun while 本 can be read as hon, or pon, Japan is often referred to by the famous epithet Land of the Rising Sun in reference to its Japanese name. Japan is an archipelago consisting of about 6,852 islands. The four largest are Honshu, Hokkaido, Kyushu and Shikoku, the country is divided into 47 prefectures in eight regions. Hokkaido being the northernmost prefecture and Okinawa being the southernmost one, the population of 127 million is the worlds tenth largest. Japanese people make up 98. 5% of Japans total population, approximately 9.1 million people live in the city of Tokyo, the capital of Japan. Archaeological research indicates that Japan was inhabited as early as the Upper Paleolithic period, the first written mention of Japan is in Chinese history texts from the 1st century AD. Influence from other regions, mainly China, followed by periods of isolation, from the 12th century until 1868, Japan was ruled by successive feudal military shoguns who ruled in the name of the Emperor. Japan entered into a period of isolation in the early 17th century. The Second Sino-Japanese War of 1937 expanded into part of World War II in 1941, which came to an end in 1945 following the bombings of Hiroshima and Nagasaki. Japan is a member of the UN, the OECD, the G7, the G8, the country has the worlds third-largest economy by nominal GDP and the worlds fourth-largest economy by purchasing power parity. It is also the worlds fourth-largest exporter and fourth-largest importer, although Japan has officially renounced its right to declare war, it maintains a modern military with the worlds eighth-largest military budget, used for self-defense and peacekeeping roles. Japan is a country with a very high standard of living. Its population enjoys the highest life expectancy and the third lowest infant mortality rate in the world, in ancient China, Japan was called Wo 倭. It was mentioned in the third century Chinese historical text Records of the Three Kingdoms in the section for the Wei kingdom, Wa became disliked because it has the connotation of the character 矮, meaning dwarf. The 倭 kanji has been replaced with the homophone Wa, meaning harmony, the Japanese word for Japan is 日本, which is pronounced Nippon or Nihon and literally means the origin of the sun. The earliest record of the name Nihon appears in the Chinese historical records of the Tang dynasty, at the start of the seventh century, a delegation from Japan introduced their country as Nihon
Japan
–
The
Golden Hall and
five-storey pagoda of
Hōryū-ji, among the oldest wooden buildings in the world,
National Treasures, and a
UNESCO World Heritage Site
Japan
Japan
–
Samurai warriors face Mongols, during the
Mongol invasions of Japan. The
Kamikaze, two storms, are said to have saved Japan from Mongol fleets.
Japan
–
Samurai could
kill a commoner for the slightest insult and were widely feared by the Japanese population.
Edo period, 1798
14.
China
–
China, officially the Peoples Republic of China, is a unitary sovereign state in East Asia and the worlds most populous country, with a population of over 1.381 billion. The state is governed by the Communist Party of China and its capital is Beijing, the countrys major urban areas include Shanghai, Guangzhou, Beijing, Chongqing, Shenzhen, Tianjin and Hong Kong. China is a power and a major regional power within Asia. Chinas landscape is vast and diverse, ranging from forest steppes, the Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia. The Yangtze and Yellow Rivers, the third and sixth longest in the world, respectively, Chinas coastline along the Pacific Ocean is 14,500 kilometers long and is bounded by the Bohai, Yellow, East China and South China seas. China emerged as one of the worlds earliest civilizations in the basin of the Yellow River in the North China Plain. For millennia, Chinas political system was based on hereditary monarchies known as dynasties, in 1912, the Republic of China replaced the last dynasty and ruled the Chinese mainland until 1949, when it was defeated by the communist Peoples Liberation Army in the Chinese Civil War. The Communist Party established the Peoples Republic of China in Beijing on 1 October 1949, both the ROC and PRC continue to claim to be the legitimate government of all China, though the latter has more recognition in the world and controls more territory. China had the largest economy in the world for much of the last two years, during which it has seen cycles of prosperity and decline. Since the introduction of reforms in 1978, China has become one of the worlds fastest-growing major economies. As of 2016, it is the worlds second-largest economy by nominal GDP, China is also the worlds largest exporter and second-largest importer of goods. China is a nuclear weapons state and has the worlds largest standing army. The PRC is a member of the United Nations, as it replaced the ROC as a permanent member of the U. N. Security Council in 1971. China is also a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization, the BCIM, the English name China is first attested in Richard Edens 1555 translation of the 1516 journal of the Portuguese explorer Duarte Barbosa. The demonym, that is, the name for the people, Portuguese China is thought to derive from Persian Chīn, and perhaps ultimately from Sanskrit Cīna. Cīna was first used in early Hindu scripture, including the Mahābhārata, there are, however, other suggestions for the derivation of China. The official name of the state is the Peoples Republic of China. The shorter form is China Zhōngguó, from zhōng and guó and it was then applied to the area around Luoyi during the Eastern Zhou and then to Chinas Central Plain before being used as an occasional synonym for the state under the Qing
China
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Yinxu, ruins of an ancient
palace dating from the
Shang Dynasty (14th century BCE)
China
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Flag
China
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Some of the thousands of life-size
Terracotta Warriors of the
Qin Dynasty, c. 210 BCE
China
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The
Great Wall of China was built by several dynasties over two thousand years to protect the sedentary agricultural regions of the
Chinese interior from incursions by
nomadic pastoralists of the northern
steppes.
15.
Singapore
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Singapore, officially the Republic of Singapore, sometimes referred to as the Lion City or the Little Red Dot, is a sovereign city-state in Southeast Asia. It lies one degree north of the equator, at the tip of peninsular Malaysia. Singapores territory consists of one island along with 62 other islets. Since independence, extensive land reclamation has increased its size by 23%. During the Second World War, Singapore was occupied by Japan, after early years of turbulence, and despite lacking natural resources and a hinterland, the nation developed rapidly as an Asian Tiger economy, based on external trade and its workforce. Singapore is a global commerce, finance and transport hub, the country has also been identified as a tax haven. Singapore ranks 5th internationally and first in Asia on the UN Human Development Index and it is ranked highly in education, healthcare, life expectancy, quality of life, personal safety, and housing, but does not fare well on the Democracy index. Although income inequality is high, 90% of homes are owner-occupied, 38% of Singapores 5.6 million residents are permanent residents and other foreign nationals. There are four languages on the island, Malay, Mandarin, Tamil. English is its language, most Singaporeans are bilingual. Singapore is a multiparty parliamentary republic, with a Westminster system of unicameral parliamentary government. The Peoples Action Party has won every election since self-government in 1959, however, it is unlikely that lions ever lived on the island, Sang Nila Utama, the Srivijayan prince said to have founded and named the island Singapura, perhaps saw a Malayan tiger. There are however other suggestions for the origin of the name, the central island has also been called Pulau Ujong as far back as the third century CE, literally island at the end in Malay. In 1299, according to the Malay Annals, the Kingdom of Singapura was founded on the island by Sang Nila Utama and these Indianized Kingdoms, a term coined by George Cœdès were characterized by surprising resilience, political integrity and administrative stability. In 1613, Portuguese raiders burned down the settlement, which by then was part of the Johor Sultanate. The wider maritime region and much trade was under Dutch control for the following period, in 1824 the entire island, as well as the Temenggong, became a British possession after a further treaty with the Sultan. In 1826, Singapore became part of the Straits Settlements, under the jurisdiction of British India, prior to Raffles arrival, there were only about a thousand people living on the island, mostly indigenous Malays along with a handful of Chinese. By 1860 the population had swelled to over 80,000, many of these early immigrants came to work on the pepper and gambier plantations
Singapore
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Raffles Square around 1900.
Singapore
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Flag
Singapore
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Victorious Japanese troops marching through Singapore City after the British capitulation at the
Battle of Singapore in 1942.
Singapore
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A cheering crowd welcome the return of British forces, 1945
16.
Malaysia
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Malaysia is a federal constitutional monarchy located in Southeast Asia. Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. The capital city is Kuala Lumpur, while Putrajaya is the seat of the federal government, with a population of over 30 million, Malaysia is the 44th most populous country. The southernmost point of continental Eurasia, Tanjung Piai, is in Malaysia, located in the tropics, Malaysia is one of 17 megadiverse countries on earth, with large numbers of endemic species. Malaysia has its origins in the Malay kingdoms present in the area which, from the 18th century, the first British territories were known as the Straits Settlements, whose establishment was followed by the Malay kingdoms becoming British protectorates. The territories on Peninsular Malaysia were first unified as the Malayan Union in 1946, Malaya was restructured as the Federation of Malaya in 1948, and achieved independence on 31 August 1957. Malaya united with North Borneo, Sarawak, and Singapore on 16 September 1963 to become Malaysia, less than two years later in 1965, Singapore was expelled from the federation. The country is multi-ethnic and multi-cultural, which plays a role in politics. About half the population is ethnically Malay, with minorities of Malaysian Chinese, Malaysian Indians. The constitution declares Islam the state religion while allowing freedom of religion for non-Muslims, the government system is closely modelled on the Westminster parliamentary system and the legal system is based on common law. The head of state is the king, known as the Yang di-Pertuan Agong and he is an elected monarch chosen from the hereditary rulers of the nine Malay states every five years. The head of government is the prime minister, since its independence, Malaysia has had one of the best economic records in Asia, with its GDP growing at an average of 6. 5% per annum for almost 50 years. The economy has traditionally been fuelled by its resources, but is expanding in the sectors of science, tourism, commerce. Today, Malaysia has a newly industrialised market economy, ranked third largest in Southeast Asia, the name Malaysia is a combination of the word Malay and the Latin-Greek suffix -sia/-σία. The word melayu in Malay may derive from the Tamil words malai and ur meaning mountain and city, land, malayadvipa was the word used by ancient Indian traders when referring to the Malay Peninsula. Whether or not it originated from these roots, the word melayu or mlayu may have used in early Malay/Javanese to mean to steadily accelerate or run. This term was applied to describe the current of the river Melayu in Sumatra. The name was adopted by the Melayu Kingdom that existed in the seventh century on Sumatra
Malaysia
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"Malaysia" used as a label for the
Malay Archipelago on a 1914 map from a United States atlas
Malaysia
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Flag
Malaysia
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The Dutch fleet battling with the Portuguese armada as part of the
Dutch–Portuguese War in 1606 to gain control of
Malacca.
Malaysia
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Statue of
Francis Light in the
Fort Cornwallis of Penang, marking the first step of
British expansion in the 18th century over the Malay Archipelago.
17.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
United States
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Native Americans meeting with Europeans, 1764
United States
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Flag
United States
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The signing of the
Mayflower Compact, 1620.
United States
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The
Declaration of Independence: the
Committee of Five presenting their draft to the
Second Continental Congress in 1776
18.
List of countries by public debt
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This is a list of countries by public debt to GDP ratio as listed by Eurostat for the EU and by CIAs World Factbook 2012 for the rest of the world. It is the total of all government borrowings less repayments that are denominated in a countrys home currency. Gross government debt is the most relevant data for discussions of government default and it is different from external debt, which includes the foreign currency liabilities of non-government entities. The figures here are represented as a percentage of gross domestic product. The public debt relative information provided by national sources is not always objective and true, note that net debt figures are included where gross debt figures are unavailable in the CIA set
List of countries by public debt
–
Total (gross) government debt as a percent of
GDP by IMF (2012)
List of countries by public debt
–
Public debt as a percent of
GDP by CIA (2012)
19.
List of countries by credit rating
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The ratings of DBRS, China Chengxin Credit Rating Group, Dagong and JCR are also included. The list also includes all country subdivisions issuing sovereign bonds, but it excludes regions, for S&P, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Fitch, a bond is considered investment grade if its credit rating is BBB- or higher. Bonds rated BB+ and below are considered to be speculative grade, for Moodys, a bond is considered investment grade if its credit rating is Baa3 or higher. Bonds rated Ba1 and below are considered to be speculative grade, for DBRS, a bond is considered investment grade if its credit rating is BBB or higher. Bonds rated BB and below are considered to be speculative grade, Japan Credit Rating Agency is a credit rating agency based in Japan. JCR is a Nationally Recognized Statistical Rating Organization by the U. S. Securities, Dagong is a credit rating agency based in China. Bond credit rating United States federal government credit-rating downgrades
List of countries by credit rating
–
Financial ratings of European States by Standard & Poor's (foreign currency) on 14 July 2015
20.
United States dollar
–
The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
United States dollar
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Series of 1917
$1 United States bill
United States dollar
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Federal Reserve Notes
United States dollar
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Spanish silver real or
peso of 1768
United States dollar
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Obverse of rare 1934 $500 Federal Reserve Note, featuring a portrait of President
William McKinley.
21.
Papua New Guinea
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Its capital, located along its southeastern coast, is Port Moresby. The western half of New Guinea forms the Indonesian provinces of Papua, Papua New Guinea is one of the most culturally diverse countries in the world. There are 852 known languages in the country, of which 12 have no known living speakers, most of the population of more than 7 million people live in customary communities, which are as diverse as the languages. It is also one of the most rural, as only 18 percent of its live in urban centres. The country is one of the worlds least explored, culturally and geographically and it is known to have numerous groups of uncontacted peoples, and researchers believe there are many undiscovered species of plants and animals in the interior. Papua New Guinea is classified as an economy by the International Monetary Fund. Strong growth in Papua New Guineas mining and resource sector led to the becoming the sixth fastest-growing economy in the world in 2011. Growth was expected to slow once major resource projects came on line in 2015, mining remains a major economic factor, however. Local and national governments are discussing the potential of resuming mining operations in Panguna mine in Bougainville Province, nearly 40 percent of the population lives a self-sustainable natural lifestyle with no access to global capital. Most of the still live in strong traditional social groups based on farming. Their social lives combine traditional religion with modern practices, including primary education, at the national level, after being ruled by three external powers since 1884, Papua New Guinea established its sovereignty in 1975. This followed nearly 60 years of Australian administration, which started during the Great War and it became an independent Commonwealth realm with Queen Elizabeth II as its head of state and became a member of the Commonwealth of Nations in its own right. Archaeological evidence indicates that humans first arrived in Papua New Guinea around 42,000 to 45,000 years ago and they were descendants of migrants out of Africa, in one of the early waves of human migration. Agriculture was independently developed in the New Guinea highlands around 7000 BC, a major migration of Austronesian-speaking peoples to coastal regions of New Guinea took place around 500 BC. This has been correlated with the introduction of pottery, pigs, in the 18th century, traders brought the sweet potato to New Guinea, where it was adopted and became part of the staples. Portuguese traders had obtained it from South America and introduced it to the Moluccas, the far higher crop yields from sweet potato gardens radically transformed traditional agriculture and societies. Sweet potato largely supplanted the previous staple, taro, and resulted in a significant increase in population in the highlands. In 1901, on Goaribari Island in the Gulf of Papua, missionary Harry Dauncey found 10,000 skulls in the islands Long Houses, traders from Southeast Asia had visited New Guinea beginning 5,000 years ago to collect bird of paradise plumes
Papua New Guinea
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Kerepunu villagers, British New Guinea, 1885.
Papua New Guinea
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Flag
Papua New Guinea
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Lime container, late 19th or early 20th century. The container is decorated with wood carving of crocodile and bird. Punctuation is emphasised with a white paint. The central portion, hollow to hold the lime, is made of bamboo. The joints are covered with basketry work.
Papua New Guinea
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Australian forces attack Japanese positions during the
Battle of Buna–Gona. 7 January 1943.
22.
International Monetary Fund
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The International Monetary Fund is an international organization headquartered in Washington, D. C. It now plays a role in the management of balance of payments difficulties. Countries contribute funds to a pool through a system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion, the rationale for this is that private international capital markets function imperfectly and many countries have limited access to financial markets. The IMF provides alternate sources of financing and this assistance was meant to prevent the spread of international economic crises. The IMF was also intended to help mend the pieces of the economy after the Great Depression. As well, to provide investments for economic growth and projects such as infrastructure. The IMFs role was altered by the floating exchange rates post-1971. It shifted to examining the economic policies of countries with IMF loan agreements to determine if a shortage of capital was due to economic fluctuations or economic policy, the IMF also researched what types of government policy would ensure economic recovery. Rather than maintaining a position of oversight of only exchange rates and their role became a lot more active because the IMF now manages economic policy rather than just exchange rates. In addition, the IMF negotiates conditions on lending and loans under their policy of conditionality, nonconcessional loans, which include interest rates, are provided mainly through Stand-By Arrangements, the Flexible Credit Line, the Precautionary and Liquidity Line, and the Extended Fund Facility. The IMF provides emergency assistance via the Rapid Financing Instrument to members facing urgent balance-of-payments needs, the IMF is mandated to oversee the international monetary and financial system and monitor the economic and financial policies of its member countries. This activity is known as surveillance and facilitates international cooperation, the responsibilities changed from those of guardian to those of overseer of members’ policies. In 1995 the International Monetary Fund began work on data dissemination standards with the view of guiding IMF member countries to disseminate their economic and financial data to the public. The executive board approved the SDDS and GDDS in 1996 and 1997 respectively, the system is aimed primarily at statisticians and aims to improve many aspects of statistical systems in a country. It is also part of the World Bank Millennium Development Goals, some countries initially used the GDDS, but later upgraded to SDDS. The IMF does require collateral from countries for loans but also requires the government seeking assistance to correct its macroeconomic imbalances in the form of policy reform, if the conditions are not met, the funds are withheld. The concept of conditionality was introduced in a 1952 Executive Board decision, conditionality is associated with economic theory as well as an enforcement mechanism for repayment
International Monetary Fund
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IMF "Headquarters 1" in Washington, D.C.
International Monetary Fund
–
Coat of arms
International Monetary Fund
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The Gold Room within the
Mount Washington Hotel where the
Bretton Woods Conference attendees signed the agreements creating the IMF and
World Bank
International Monetary Fund
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First page of the Articles of Agreement of the International Monetary Fund, 1 March 1946. Finnish Ministry of Foreign Affairs archives
23.
Natural resources
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Natural resources are resources that exist without actions of humankind. This includes all valued characteristics such as magnetic, gravitational, on earth it includes, sunlight, atmosphere, water, land along with all vegetation and animal life that naturally subsists upon or within the heretofore identified characteristics and substances. Particular areas such as the rainforest in Fatu-Hiva are often characterized by the biodiversity and geodiversity existent in their ecosystems, Natural resources may be further classified in different ways. Natural resources are materials and components that can be found within the environment, every man-made product is composed of natural resources. Some natural resources such as sunlight and air can be found everywhere, however, most resources only occur in small sporadic areas, and are referred to as localised resources. There are very few resources that are considered inexhaustible – these are solar radiation, geothermal energy, the vast majority of resources are theoretically exhaustible, which means they have a finite quantity and can be depleted if managed improperly. There are various methods of categorizing natural resources, these include source of origin, stage of development, fossil fuels such as coal and petroleum are also included in this category because they are formed from decayed organic matter. Abiotic – Abiotic resources are those that come from non-living, non-organic material, examples of abiotic resources include land, fresh water, air and heavy metals including ores such as gold, iron, copper, silver, etc. For example, petroleum occurs with sedimentary rocks in various regions, Actual resources — Actual resources are those that have been surveyed, their quantity and quality determined and are being used in present times. The development of a resource, such as wood processing depends upon the technology available. Reserve resources — The part of a resource which can be developed profitably in the future is called a reserve resource. Stock resources — Stock resources are those that have been surveyed, renewability is a very popular topic and many natural resources can be categorized as either renewable or non-renewable, Renewable resources — Renewable resources can be replenished naturally. Some of these resources, like sunlight, air, wind, water, etc. are continuously available, though many renewable resources do not have such a rapid recovery rate, these resources are susceptible to depletion by over-use. Non-renewable resources – Non-renewable resources either form slowly or do not naturally form in the environment, minerals are the most common resource included in this category. Some resources actually naturally deplete in amount without human interference, the most notable of these being radio-active elements such as uranium, of these, the metallic minerals can be re-used by recycling them, but coal and petroleum cannot be recycled. Once they are used they take millions of years to replenish. Resource extraction involves any activity that withdraws resources from nature and this can range in scale from the traditional use of preindustrial societies, to global industry. Extractive industries are, along with agriculture, the basis of the sector of the economy
Natural resources
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The rainforest in Fatu-Hiva, in the
Marquesas Islands, is an example of an undisturbed natural resource. Forest provides timber for humans, food and shelter for the flora and fauna. The nutrient cycle between organisms form food chains and biodiversity of species.
Natural resources
–
The Carson Fall in
Mount Kinabalu,
Malaysia is an example of undisturbed natural resource. Waterfalls provide spring water for humans, animals and plants for survival and also habitat for marine organisms. The water current can be used to turn turbines for
hydroelectric generation.
Natural resources
–
The
ocean is an example of a natural resource. Ocean waves can be used to generate
wave power which is a
renewable energy. Ocean water is important for salt production and providing habitat for deep water fishes. There are biodiversity of marine species in the sea where nutrient cycles are common.
Natural resources
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A picture of the
Udachnaya pipe, an
open-pit diamond mine in
Siberia. An example of a non-renewable natural resource.
24.
Infrastructure
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Infrastructure refers to the fundamental facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function. The word was imported from French, where it means subgrade, the word is a combination of the Latin prefix infra, meaning below, and structure. The military use of the term achieved currency in the United States after the formation of NATO in the 1940s and this crisis discussion contributed to an increase in infrastructure asset management and maintenance planning in the US. Public-policy discussions have been hampered by lack of a definition for infrastructure. A1987 US National Research Council panel adopted the public works infrastructure. The OECD also classifies communications as a part of infrastructure, the American Society of Civil Engineers has not defined the term, though issuing a US Infrastructure Report Card every 2-4 years. Hard infrastructure refers to the physical networks necessary for the functioning of an industrial nation. The term critical infrastructure distinguishes those infrastructure elements that, if damaged or destroyed. Similarly, a booking system might be critical infrastructure for an airline. These elements of infrastructure are the focus of efforts in the aftermath of natural disasters. The term infrastructure may be confused with the following overlapping or related concepts, service connections to municipal service and public utility networks would also be considered land improvements, not infrastructure. The term public works includes government-owned and operated infrastructure as well as buildings, such as schools. Public works generally refers to physical assets needed to deliver public services, public services include both infrastructure and services generally provided by government. Infrastructure may be owned and managed by governments or by private companies, generally, most roads, major ports and airports, water distribution systems and sewage networks are publicly owned, whereas most energy and telecommunications networks are privately owned. Publicly owned infrastructure may be paid for taxes, tolls, or metered user fees. Major investment projects are financed by the issuance of long-term bonds. Government owned and operated infrastructure may be developed and operated in the sector or in public-private partnerships. As of 2008 in the United States for example, public spending on infrastructure has varied between 2. 3% and 3. 6% of GDP since 1950, many financial institutions invest in infrastructure
Infrastructure
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Grand Coulee Dam
25.
Mineral
–
A mineral is a naturally occurring chemical compound, usually of crystalline form and abiogenic in origin. A mineral has one specific chemical composition, whereas a rock can be an aggregate of different minerals or mineraloids, the study of minerals is called mineralogy. There are over 5,300 known mineral species, over 5,070 of these have been approved by the International Mineralogical Association, the silicate minerals compose over 90% of the Earths crust. The diversity and abundance of species is controlled by the Earths chemistry. Silicon and oxygen constitute approximately 75% of the Earths crust, which translates directly into the predominance of silicate minerals, minerals are distinguished by various chemical and physical properties. Differences in chemical composition and crystal structure distinguish the various species, changes in the temperature, pressure, or bulk composition of a rock mass cause changes in its minerals. Minerals can be described by their various properties, which are related to their chemical structure. Common distinguishing characteristics include crystal structure and habit, hardness, lustre, diaphaneity, colour, streak, tenacity, cleavage, fracture, parting, more specific tests for describing minerals include magnetism, taste or smell, radioactivity and reaction to acid. Minerals are classified by key chemical constituents, the two dominant systems are the Dana classification and the Strunz classification, the silicate class of minerals is subdivided into six subclasses by the degree of polymerization in the chemical structure. All silicate minerals have a unit of a 4− silica tetrahedron—that is, a silicon cation coordinated by four oxygen anions. These tetrahedra can be polymerized to give the subclasses, orthosilicates, disilicates, cyclosilicates, inosilicates, phyllosilicates, other important mineral groups include the native elements, sulfides, oxides, halides, carbonates, sulfates, and phosphates. The first criterion means that a mineral has to form by a natural process, stability at room temperature, in the simplest sense, is synonymous to the mineral being solid. More specifically, a compound has to be stable or metastable at 25 °C, modern advances have included extensive study of liquid crystals, which also extensively involve mineralogy. Minerals are chemical compounds, and as such they can be described by fixed or a variable formula, many mineral groups and species are composed of a solid solution, pure substances are not usually found because of contamination or chemical substitution. Finally, the requirement of an ordered atomic arrangement is usually synonymous with crystallinity, however, crystals are also periodic, an ordered atomic arrangement gives rise to a variety of macroscopic physical properties, such as crystal form, hardness, and cleavage. There have been recent proposals to amend the definition to consider biogenic or amorphous substances as minerals. The formal definition of an approved by the IMA in 1995, A mineral is an element or chemical compound that is normally crystalline. However, if geological processes were involved in the genesis of the compound, Mineral classification schemes and their definitions are evolving to match recent advances in mineral science
Mineral
–
Amethyst, a variety of
quartz
Mineral
–
Schist is a
metamorphic rock characterized by an abundance of platy minerals. In this example, the rock has prominent
sillimanite porphyroblasts as large as 3 cm (1.2 in).
Mineral
–
Hübnerite, the manganese-rich end-member of the
wolframite series, with minor quartz in the background
Mineral
–
When minerals react, the products will sometimes assume the shape of the reagent; the product mineral is termed to be a pseudomorph of (or after) the reagent. Illustrated here is a pseudomorph of
kaolinite after
orthoclase. Here, the pseudomorph preserved the Carlsbad
twinning common in orthoclase.
26.
Petroleum
–
Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earths surface, which is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation and it consists of hydrocarbons of various molecular weights and other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock, Petroleum has mostly been recovered by oil drilling. Drilling is carried out studies of structural geology, sedimentary basin analysis. Petroleum is used in manufacturing a variety of materials. Concern over the depletion of the earths finite reserves of oil, the burning of fossil fuels plays the major role in the current episode of global warming. The word petroleum comes from Greek, πέτρα for rocks and Greek, the term was found in 10th-century Old English sources. It was used in the treatise De Natura Fossilium, published in 1546 by the German mineralogist Georg Bauer, Petroleum, in one form or another, has been used since ancient times, and is now important across society, including in economy, politics and technology. Great quantities of it were found on the banks of the river Issus, ancient Persian tablets indicate the medicinal and lighting uses of petroleum in the upper levels of their society. By 347 AD, oil was produced from bamboo-drilled wells in China, early British explorers to Myanmar documented a flourishing oil extraction industry based in Yenangyaung that, in 1795, had hundreds of hand-dug wells under production. The mythological origins of the oil fields at Yenangyaung, and its hereditary monopoly control by 24 families, Pechelbronn is said to be the first European site where petroleum has been explored and used. The still active Erdpechquelle, a spring where petroleum appears mixed with water has been used since 1498, Oil sands have been mined since the 18th century. In Wietze in lower Saxony, natural asphalt/bitumen has been explored since the 18th century, both in Pechelbronn as in Wietze, the coal industry dominated the petroleum technologies. In 1848 Young set up a small business refining the crude oil, Young eventually succeeded, by distilling cannel coal at a low heat, in creating a fluid resembling petroleum, which when treated in the same way as the seep oil gave similar products. The production of oils and solid paraffin wax from coal formed the subject of his patent dated 17 October 1850. In 1850 Young & Meldrum and Edward William Binney entered into partnership under the title of E. W. Binney & Co. at Bathgate in West Lothian, the worlds first oil refinery was built in 1856 by Ignacy Łukasiewicz. The demand for petroleum as a fuel for lighting in North America, edwin Drakes 1859 well near Titusville, Pennsylvania, is popularly considered the first modern well
Petroleum
–
Pumpjack pumping an oil well near
Lubbock, Texas
Petroleum
–
An oil refinery in Mina-Al-Ahmadi, Kuwait
Petroleum
–
Natural petroleum spring in
Korňa, Slovakia
Petroleum
–
Oil derrick in
Okemah, Oklahoma, 1922
27.
Copper
–
Copper is a chemical element with symbol Cu and atomic number 29. It is a soft, malleable, and ductile metal with high thermal and electrical conductivity. A freshly exposed surface of copper has a reddish-orange color. Copper is one of the few metals that occur in nature in directly usable metallic form as opposed to needing extraction from an ore and this led to very early human use, from c.8000 BC. Copper used in buildings, usually for roofing, oxidizes to form a green verdigris, Copper is sometimes used in decorative art, both in its elemental metal form and in compounds as pigments. Copper compounds are used as agents, fungicides, and wood preservatives. Copper is essential to all living organisms as a trace dietary mineral because it is a key constituent of the enzyme complex cytochrome c oxidase. In molluscs and crustaceans, copper is a constituent of the blood pigment hemocyanin, replaced by the hemoglobin in fish. In humans, copper is found mainly in the liver, muscle, the adult body contains between 1.4 and 2.1 mg of copper per kilogram of body weight. The filled d-shells in these elements contribute little to interatomic interactions, unlike metals with incomplete d-shells, metallic bonds in copper are lacking a covalent character and are relatively weak. This observation explains the low hardness and high ductility of single crystals of copper, at the macroscopic scale, introduction of extended defects to the crystal lattice, such as grain boundaries, hinders flow of the material under applied stress, thereby increasing its hardness. For this reason, copper is supplied in a fine-grained polycrystalline form. The softness of copper partly explains its high conductivity and high thermal conductivity. The maximum permissible current density of copper in open air is approximately 3. 1×106 A/m2 of cross-sectional area, Copper is one of a few metallic elements with a natural color other than gray or silver. Pure copper is orange-red and acquires a reddish tarnish when exposed to air, as with other metals, if copper is put in contact with another metal, galvanic corrosion will occur. A green layer of verdigris can often be seen on old structures, such as the roofing of many older buildings. Copper tarnishes when exposed to sulfur compounds, with which it reacts to form various copper sulfides. There are 29 isotopes of copper, 63Cu and 65Cu are stable, with 63Cu comprising approximately 69% of naturally occurring copper, both have a spin of 3⁄2
Copper
–
Native copper (~4 cm in size)
Copper
–
A copper disc (99.95% pure) made by
continuous casting;
etched to reveal
crystallites.
Copper
–
Copper just above its melting point keeps its pink luster color when enough light outshines the orange
incandescence color.
Copper
–
Unoxidized copper wire (left) and oxidized copper wire (right).
28.
Gold
–
Gold is a chemical element with symbol Au and atomic number 79. In its purest form, it is a bright, slightly yellow, dense, soft, malleable. Chemically, gold is a metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions, Gold often occurs in free elemental form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the element silver and also naturally alloyed with copper. Less commonly, it occurs in minerals as gold compounds, often with tellurium, golds atomic number of 79 makes it one of the higher numbered, naturally occurring elements. It is thought to have produced in supernova nucleosynthesis, from the collision of neutron stars. Because the Earth was molten when it was formed, almost all of the present in the early Earth probably sank into the planetary core. Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of acid and hydrochloric acid. Gold also dissolves in solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction, as a precious metal, gold has been used for coinage, jewelry, and other arts throughout recorded history. A total of 186,700 tonnes of gold is in existence above ground, the world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold is also used in infrared shielding, colored-glass production, gold leafing, certain gold salts are still used as anti-inflammatories in medicine. As of 2014, the worlds largest gold producer by far was China with 450 tonnes, Gold is cognate with similar words in many Germanic languages, deriving via Proto-Germanic *gulþą from Proto-Indo-European *ǵʰelh₃-. The symbol Au is from the Latin, aurum, the Latin word for gold, the Proto-Indo-European ancestor of aurum was *h₂é-h₂us-o-, meaning glow. This word is derived from the root as *h₂éu̯sōs, the ancestor of the Latin word Aurora. This etymological relationship is presumably behind the frequent claim in scientific publications that aurum meant shining dawn, Gold is the most malleable of all metals, a single gram can be beaten into a sheet of 1 square meter, and an avoirdupois ounce into 300 square feet. Gold leaf can be thin enough to become semi-transparent
Gold
–
Gold, 79 Au
Gold
–
Moche gold necklace depicting feline heads.
Larco Museum Collection. Lima-Peru
Gold
–
Mirror for the future
James Webb Space Telescope coated in gold to reflect infrared light
Gold
–
The
world's largest gold bar has a mass of 250 kg.
Toi museum,
Japan.
29.
Development aid
–
Development aid is financial aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries. It is distinguished from humanitarian aid by focusing on alleviating poverty in the long term, Most development aid comes from the Western industrialised countries but some poorer countries also contribute aid. The proportion is currently about 70% bilateral 30% multilateral, about 80-85% of developmental aid comes from government sources as official development assistance. The remaining 15-20% comes from organisations such as non-governmental organisations, foundations. In addition, remittances received from migrants working or living in diaspora form a significant amount of international transfer, some governments also include military assistance in the notion foreign aid, although many NGOs tend to disapprove of this. Official development assistance is a measure of government-contributed aid, compiled by the Development Assistance Committee of the Organisation for Economic Co-operation, the DAC consists of 34 of the largest aid-donating countries. The concept of development aid goes back to the era at the turn of the twentieth century. The traditional government policy had tended to favor laissez-faire style economics, with the market for capital. The first challenge first by Britain was the crisis that occurred after World War I. Prior to the passage of the 1929 Colonial Development Act, the doctrine that governed Britain with their territories was that of financial self-sufficiency, what this simply meant was that the colonies were responsible for themselves. Britain was not going to use the money belongs to the metropole to pay for things in the colonies. The colonies did not only have to pay for infrastructural development, the colonies generated the revenues to pay for these through different forms of taxations. The standard taxation was the import and export taxes, goods going out of the colonies were taxed and those coming in were also taxed. Apart from these taxes, the colonizers introduced two forms of taxes, hut tax and labor tax. The hut tax is akin to a property tax today, every grown up adult male had their own hut. Each of these had to pay a tax, labor tax was the work that the people had to do without any remunerations or with meager stipends. As the economic crisis widened and had significant impact on the colonies, revenues generated from taxes continued to decline, while this was going on, Britain experienced major unemployment rates. Parliament began to discuss ways in which they could deal with Britains unemployment rates, the 1929 Act, though meager in the resources it made available for development, was a significant Act because it opened the door for Britain to make future investments in the colonies
Development aid
–
Lord Moyne, as
Secretary of State for the Colonies presided over a Development Committee for the colonies. He is pictured entertaining
Jamaican recruits for the
RAF.
Development aid
–
A poster promoting the
Marshall Plan in Europe, the first large scale development program. It was designed to boost European economies shattered by
war and prevent the growth of
communist influence.
Development aid
–
The 1968
Michenzani apartment blocks in
Zanzibar were part of East German development assistance and brought a Soviet-style of living to rural Africa. The apartments were unpopular and only 1,102 out of the 9,992 planned buildings were built (see
Ng'ambo). Still used today, they stand as a failed relic of donor-driven (supply-driven) development aid.
Development aid
–
In
Congo, an abandoned ferry as a relic of a development project is rusting next to the boats people use today.
30.
World Bank
–
The World Bank is an international financial institution that provides loans to countries of the world for capital programs. It comprises two institutions, the International Bank for Reconstruction and Development, and the International Development Association, the World Bank is a component of the World Bank Group, which is part of the United Nations system. The World Banks stated official goal is the reduction of poverty, the president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D. C. and work closely with each other, although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. Before 1974 the reconstruction and development loans provided by the World Bank were relatively small, the Banks staff were aware of the need to instill confidence in the bank. Fiscal conservatism ruled, and loan applications had to meet strict criteria, the first country to receive a World Bank loan was France. The Banks president at the time, John McCloy, chose France over two other applicants, Poland and Chile, the loan was for US$250 million, half the amount requested, and it came with strict conditions. France had to agree to produce a budget and give priority of debt repayment to the World Bank over other governments. World Bank staff closely monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States State Department told the French government that its members associated with the Communist Party would first have to be removed, the French government complied with this diktat and removed the Communist coalition government - the so-called tripartisme. Within hours, the loan to France was approved, when the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European countries, in 1960, the International Development Association was formed, providing soft loans to developing countries. From 1974 to 1980 the bank concentrated on meeting the needs of people in the developing world. The size and number of loans to borrowers was greatly increased as loan targets expanded from infrastructure into social services and these changes can be attributed to Robert McNamara, who was appointed to the presidency in 1968 by Lyndon B. Johnson. McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the banks that had been the primary sources of funding. Rotberg used the bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rise of third world debt. From 1976 to 1980 developing world debt rose at an annual rate of 20%
World Bank
–
John Maynard Keynes (right) and
Harry Dexter White, the "founding fathers" of both the World Bank and the
International Monetary Fund (IMF).
World Bank
–
The Gold Room at the
Mount Washington Hotel where the IMF and World Bank were established
World Bank
–
The
World Bank Group headquarters bldg. in
Washington, D.C.
World Bank
–
Jim Yong Kim, the current President of the World Bank Group
31.
Cocoa bean
–
The beans are the basis of chocolate, and of such Mesoamerican foods as mole and tejate. The word cocoa comes from the Spanish word cacao, which is derived from the Nahuatl word cacahuatl, the Nahuatl word, in turn, ultimately derives from the reconstructed Proto Mije-Sokean word *kakaw~*kakawa. It originated in Central America and parts of Mexico, more than 5,000 years ago, it was consumed by pre-Columbian cultures along the Yucatán, including the Mayans, and as far back as Olmeca civilization in spiritual ceremonies. It also grows in the foothills of the Andes in the Amazon and Orinoco basins of South America and its range may have been larger in the past, evidence of its wild range may be obscured by cultivation of the tree in these areas since long before the Spanish arrived. The cocoa bean was a currency throughout Mesoamerica before the Spanish conquest. Cacao trees grow in a geographical zone, of about 20° to the north and south of the Equator. Nearly 70% of the world today is grown in West Africa. The cacao plant was first given its name by Swedish natural scientist Carl Linnaeus in his original classification of the plant kingdom. Cocoa was an important commodity in pre-Columbian Mesoamerica, flavored with vanilla or other spices, his chocolate was whipped into a froth that dissolved in the mouth. No fewer than 60 portions each day reportedly may have been consumed by Moctezuma II, chocolate was introduced to Europe by the Spaniards, and became a popular beverage by the mid-17th century. They also introduced the tree into the West Indies and the Philippines. It was also introduced into the rest of Asia and into West Africa by Europeans, in the Gold Coast, modern Ghana, cacao was introduced by an African, Tetteh Quarshie. Due to heat buildup in the process, cacao beans lose most of the purplish hue and become mostly brown in color. This skin is released easily after roasting by winnowing, white seeds are found in some rare varieties, usually mixed with purples, and are considered of higher value. The three main varieties of plant are Forastero, Criollo, and Trinitario. The first is the most widely used, comprising 80-90% of the production of cocoa. Cocoa beans of the Criollo variety are rarer and considered a delicacy, Criollo plantations have lower yields than those of Forastero, and also tend to be less resistant to several diseases that attack the cocoa plant, hence very few countries still produce it. One of the largest producers of Criollo beans is Venezuela, Trinitario is a hybrid between Criollo and Forastero varieties
Cocoa bean
–
Cocoa pods in various stages of ripening
Cocoa bean
–
Aztec sculpture with cocoa pod
Cocoa bean
–
Cocoa beans in a freshly cut cocoa pod
Cocoa bean
–
Three main varieties of cocoa: Criollo, Trinitario and Forastero
32.
Coconut
–
The coconut tree is a member of the family Arecaceae and the only species of the genus Cocos. The term coconut can refer to the coconut palm or the seed, or the fruit. The spelling cocoanut is a form of the word. The term is derived from the 16th-century Portuguese and Spanish word coco meaning head or skull, coconuts are known for their great versatility, as evidenced by many traditional uses, ranging from food to cosmetics. They form a part of the diets of many people in the tropics and subtropics. Coconuts are distinct from other fruits for their quantity of water. When mature, they can be used as seed nuts or processed to give oil from the kernel, charcoal from the hard shell, the endosperm is initially in its nuclear phase suspended within the coconut water. As development continues, cellular layers of endosperm deposit along the walls of the coconut, when dried, the coconut flesh is called copra. The oil and milk derived from it are used in cooking and frying, as well as in soaps. The husks and leaves can be used as material to make a variety of products for furnishing and decorating, the coconut also has cultural and religious significance in certain societies, particularly in India, where it is used in Hindu rituals. Cocos nucifera is a palm, growing up to 30 m tall, with pinnate leaves 4–6 m long. Coconuts are generally classified into two types, tall and dwarf. On fertile soil, a coconut palm tree can yield up to 75 fruits per year. Given proper care and growing conditions, coconut palms produce their first fruit in six to ten years, botanically, the coconut fruit is a drupe, not a true nut. Like other fruits, it has three layers, the exocarp, mesocarp, and endocarp, the exocarp and mesocarp make up the husk of the coconuts. Coconuts sold in the shops of nontropical countries often have had the exocarp removed, the mesocarp is composed of a fiber, called coir, which has many traditional and commercial uses. The shell has three germination pores or eyes that are visible on its outside surface once the husk is removed. A full-sized coconut weighs about 1.44 kg and it takes around 6,000 full-grown coconuts to produce a tonne of copra
Coconut
Coconut
–
Coconut flowers
Coconut
–
A cut coconut shell
Coconut
–
Manual harvesting of coconuts
33.
Mining in Papua New Guinea
–
Mining in Papua New Guinea is an important source for the Papua New Guinea economy. Up until 1970, there was little mineral extraction in Papua New Guinea, with the exception of the Ok Tedi Mine almost all of the mining in PNG has been gold mining. The two largest gold mines are the Porgera and Lihir mines, in 2009, the Hidden Valley gold and silver mine commenced production. 2010 will see the start of production from the Ramu nickel-cobalt mine, all the mining activity that has taken place in the country since 1970 has produced approximately 5 million tonnes of copper between 1970 and 2007. The country produced 202,277 t of copper in 2003 compared to 211,315 in 2002, all of which was produced by the Ok Tedi Mine the most active mine in the country. The mine reported that 29.32 Mt of ore was mined and 29.26 Mt milled with a grade of 0. 78% Cu and 0.8 g/t Au. Respective gold and copper recoveries for 2003 at Ok Tedi were 68%, edie Creek has been a historic gold and silver mining area since 1926. Located about 5 km south-west of Wau, it was the centre of one of the first major gold rushes in PNG before World War II, large amounts of gold have been extracted by both alluvial and underground mining. Brothers William and Stanley Royal found gold at Edies Creek in 1926 and they caches 23,000 ounces which was worth about 2 7/6 an ounce. On 16 July 1951, a QANTAS drover aircraft crashed into the sea near Lae carrying gold belonging to the Bulolo Gold Dedging Company and it is believed that 35,000 pounds worth of gold bullion was on board. It was recovered later by special divers, the remains can be seen here. Hidden Valley is an open-pit, gold-silver mine and processing plant in Morobe Province, the mine is approximately 210 km north-north-west of Port Moresby, and 90 km south-southwest of Lae. The metals are epithermal deposits from hydrothermal systems related to volcanic activity, Lihir is an open cut gold mine operating on the Island of Lihir in PNG. It is wholly owned by Newcrest Mining, the Ok Tedi Mine is situated at Mount Fubilan in the Star Mountains in western PNG, close to the Indonesian border. OK Tedi Mining Ltd. is 100% Government owned, bougainville Copper Limited developed the Panguna mine, producing copper concentrate from 1972 until May 1989, when mining operations were suspended due to civil unrest in the province. Rio Tinto is a shareholder of the BCL and is currently reviewing its stake in the company. The deposit has a life of mine of some 20 years and has a capacity to produce 180 000t of copper and 480000 oz gold per year. This development marked one of the first major investments in PNG, the Porgera Gold Mine is a large gold mining operation located in Enga province
Mining in Papua New Guinea
–
Ok Tedi Mine
Mining in Papua New Guinea
–
Crystalline gold from an unknown mine in PNG
Mining in Papua New Guinea
–
Edie Creek, Central New Guinea, 1936.
Mining in Papua New Guinea
–
Specimen gold from Mt. Kare
Australia 29.0%
Japan 9.6%
China 4.8% (2012 est.)[2]
Singapore 13.8%
Malaysia 8.4%
United States 4.8% (2012 est.)[3]
