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Why Is Kiribati So Important To Australia's Economy?

Decent Essays

A modern-day Atlantis threatens to be lost once again to the world if we continue to do nothing to stop it.

The Republic of Kiribati is a set of 33 islands in the south pacific ocean, and its capital, Tarawa, is about halfway between Australia and Hawaii. It is bordered by the Cook Islands, the Marshall Islands, Nauru, French Polynesia, Tokelau and Tuvalu. Kiribati has no international disputes, which is perhaps made more evident by the fact that it has no military.

Originally a British Colony, Kiribati is today a member of the commonwealth of nations. It’s 2 languages are English, officially, and I-Kiribati. It was previously called Gilbert's Islands after the explorer that mapped most of the area, and the current name is the local pronunciation …show more content…

Unfortunately, this is not the case, due to its isolated location. Instead the country’s major industries are fishing and handicrafts.

With a GDP per Capita of only $1,424 compared to the world medium of $6,027, Kiribati is one of the poorest nations in the world. Its major exports are fish and coconut products, whereas it has to import food, machinery and equipment, fuel, and other miscellaneous manufactured goods.

I am very sure that it would not be so disadvantaged if Kiribati still had the phosphate reserves it was unsustainably emptied of before gaining independence. The industry not only depleted major resources that could’ve still been generating wealth for Kiribati now, but it also deeply harmed the environment. And although Kiribati has been payed money as compensation for the damage done, we believe the global community and especially those who benefitted from the phosphate industry still have a responsibility to take further action.

Kiribati is not a member of the World Trade Organization, but it is part of the International Monetary Fund, and the World Bank. However, most proudly, it is a member of the United Nations as of September,

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