Country Info:
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Marshall islands Location:
7°7'N, 171°4'E
The Marshall Islands, officially the Republic of the Marshall Islands (RMI), is a Micronesian island nation in the western Pacific Ocean, located north of Nauru and Kiribati, east of the Federated States of Micronesia and south of the U.S. territory of Wake Island, to which it lays claim.
Marshall islands Geography:
The country consists of twenty-nine atolls and five isolated islands. The most important atolls and islands form two groups: the Ratak Chain and the Ralik Chain (meaning "sunrise" and "sunset" chains). Two-thirds of the nation's population lives on Majuro (which is also the capital) and Ebeye. The outer islands are sparsely populated due to lack of employment opportunities and economic development. Life on the outer atolls is generally still fairly traditional, and the nutrition of the rural population, consuming food that is either grown or caught, is superior to that of most of the urban residents, who rely considerably on white rice. A majority of the islands' land mass is at sea level.
The climate is hot and humid, with a wet season from May to November. The islands occasionally suffer from typhoons. Many Pacific typhoons start in the Marshall Islands region and grow stronger as they move West toward the Mariana Islands and the Philippines.
The Marshall Islands also lay claim to Wake Island, administered by the United States.
Marshall islands People:
Population
- July 2005 estimate 61,963 (205th)
- 2003 census 56,429
- Density 326 /km2 (28th)
846 /sq mi
Marshall islands Government:
Government
- President Kessai Note
Marshall islands Economy:
United States Government assistance is the mainstay of the economy. Agricultural production is concentrated on small farms, and the most important commercial crops are coconuts, tomatoes, melons, and breadfruit. Small-scale industry is limited to handicrafts, fish processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. In 1999 a private company constructed a tuna loining plant, which employed upwards of 400 people, mostly women. The plant was closed in 2005, following a failed attempt to convert it from producing tuna loins to tuna steaks, a process that requires only half of the employee base. The owners noted that the plan would not be economically viable without government largesse and a reduction below the statutory minimum wage, neither of which the government cared to provide. As the guarantor of a $2 million loan to the business, the government took control of the plant facility following its closure, and is seeking to find another operator.
In 2005 Aloha Airlines canceled its flight services to the Marshall Islands as part of its withdrawal from several markets in the region. Though other international airlines still serve Majuro, the Aloha decision was a setback in the country's hopes of increased revenues from tourism.
Under the terms of the Amended Compact of Free Association, the US will provide millions of dollars per year to the Marshall Islands (RMI) through 2023, at which time a Trust Fund made up of US and RMI contributions will begin perpetual annual payouts. Government downsizing, drought, a drop in construction, the decline in tourism and foreign investment due to Asian financial difficulties, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade.
The 2007 edition of "Doing Business," prepared by the World Bank's private sector development department, has declared the Marshall Islands to be the world's "Best Performer" for its ease and low expense in hiring and firing employees. By the same token, the same study gave the Marshall Islands extremely low ratings for its protection of investors and contract enforcement.
Not being among the 179 member countries of the ILO, Marshall Islands is among the handful of countries not obliged to abide by the core labour standards (elimination of forced labour, child labour and discrimination, and respect for freedom of association and right to collective bargaining) as required of ILO members.
The United States also maintains the U.S. Army's Ronald Reagan Ballistic Missile Defense Test Site on Kwajalein Atoll. It is an important aspect of the Marshallese economy, as the Marshallese land owners receive rent for the base, and a large number of Marshallese work at the base. It is noted that the Majuro Atoll benefited from foreign assistance. The main airport was built by the Japanese (during World War II), the only tarmac road of the capital was built partly by the Taiwanese and partly by the Americans.
Marshall islands More Information:
http://en.wikipedia.org/wiki/Marshall_islands |
