Economy/Problems of Oceania

Australia/EconomyDeveloped country w/ a market economyExports raw materials

Dairy products, meat, fish, woolImports manufactured goods

Cars, petroleum, consumer goods, plasticsMining is imp to Australia’s economy

Leading producer of opals, bauxite, leadExport many minerals to East Asia

opals

Australia/Economy continuedOnly 6% of Australia’s land suitable for farmingMost land used for grazing sheep

Australia is the world’s leading producer of wool 30% of the world’s total wool products

Most sheep raised around the Great Dividing RangeSheep raised on huge ranches called stationsThese ranches are examples of extensive agricultureExtensive agriculture: agriculture that uses much of

the land but small inputs of capital/labor per unit area

Australia/Economy continuedTourism is a growing industry in AustraliaMajor vacation areas include:

Great Barrier Reef, SydneyAustralia is about a 15 hr flight from Los

Angeles

New Zealand/EconomyEconomy a combination of farming,

manufacturing, & tourism

New Zealand’s pastures support sheep & cattle

World’s largest producer of kiwi fruit

Has growing film industryLord of the Rings