If the Country’s Current Growth & Resource Use is Sustainable, What Strategies Have Been Successful?

Papua New Guinea

Although Papua New Guinea’s current industry relies heavily on agriculture, which coupled with the rugged terrain, severe droughts, and lack of usable land results in some instability, its natural gas reserves have sparked interest in American companies. By 2010, a consortium led by major American oil companies hope to create a Liquefied Natural Gas production facility, and this project will allow Papua New Guinea to have more hold in exports to the world, and potentially double its GDP.

Taiwan

For GDP, Taiwan’s diversification of trade has been fairly successful. It has cut its share of exports to the US dramatically and is relying more on exports to Southeast Asia and China rather than the US. It is gradually penetrating the European market and has in the past few years joined the World Trade Organization.