Task+3

** How is The Island going to generate enough revenue to pay for the goods and services that it imports? **


 * Geological surveys suggest that there may be oil deposits and minerals that may be found offshore which could be exploited and exported to other countries to generate the Islands revenue.
 * Exporting - Honey, bananas, papaya, rusty figs which can be used in the developments of wines, hibiscus which can be used for medicinal purposes as well as stimulating honey reproduction, pandanus which can be used to create mats and quilts well as medicinal purposes and in cooking.

** How will The Island pay for the infrastructure and essential services it might need to provide its citizens? **
 * The Island can pay for infrastructures and essential services by trading produce, natural minerals and resources to other countries.
 * As the United Nations is funding the settlement on the Island for the first 5 years, priority will be given to the basic fundamentals of society. For example, hospitals, schools, law enforcement.
 * Possible fundraising and donations from other countries to maintain and extend essential services for future on The island.

** Natural resources that might be exploited for economic benefit: ** Natural resources may include; > > 
 * oil
 * Volcanic rock (basalt and pumice) can be used as granite for kitchen bench tops etc.
 * salt (sodium chloride) extracted from the sea water
 * bromine extracted from the water (used for food, dye, pharmaceutical and photo industries)
 * hydrothermal minerals from volcanic activity which include sulphide deposits, rich in copper, lead, gold, zinc and silver
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">sand and gravel

<span style="font-family: 'Comic Sans MS',cursive;">** Sustainability implications: ** <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Some sustainability implications may include;
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">The Island may not be able to extract natural materials as quickly as it can be exported.
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Extracted natural materials around the Island may quickly deplete the surroundings of the environment.
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Materials needed for infrastructure will need to be sustainble over a long period of time eg: Timber, Metal,.
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Human settlement may pollute and damage The Island (possibe ways minimise this is to introduce laws and/or an education program)
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Overpopulation and crowding (refugees and reproduction) on The Island

<span style="font-family: 'Comic Sans MS',cursive;">** Where will the money come from? **
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">UN for the 5 years
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Possible donations from other countries
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Revenue from goods and services
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Possibility to introduce a tax (Eg GST, Start up fee)
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Possiblity of starting up an Island trust

<span style="font-family: 'Comic Sans MS',cursive;">** What other industries or ventures could be developed to generate a source of income? **
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Tourism or attractions to draw people to The Island (Resort)
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Animal watching reserve
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Natural Spa
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Snorkelling
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Sponsors
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Trade of rice, tuna, cotton, bread fruit, fish, hand craft, cosmetics, medicines and clothing

<span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Our teams recommendations: > <span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">- Bananas > - Honey > - Manifacturing Health and beauty products from natural resources as well as natural - Herbal medicine > - Producing natural homeware products from natural resources. Such as: mats, baskets. hats, > - From volcanic rock and minerals produce granite benchtops, asphalt. > -Fishing community
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">We believe that a valuable and strong exports/import system would ensure that the economy and the welfare of all Islanders would be well catered for, both now and in the long term. Possible items that we suggest we could import are:

__**<span style="font-family: 'Comic Sans MS',cursive;">References: **__

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Individual and Team Background Knowledge

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Class discussions and ideas in Tutorials

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Team discussions in own time

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Family and friends advice and knowledge

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Internet resources such as ; Wikipedia, Google Images, Websites

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Information Via 'The Island Wiki'

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Lectures

<span style="font-family: 'Comic Sans MS',cursive; font-size: 90%;">- Information and advice via Nicky Carr