Ecomonists+Recommendations

__**Economist's Recomendations**__

__How can we generate profit to pay for our developing communities needs?__

The exportation of rice, as well as any other food products will be the most effective way of generating profit for our community. Although costs are involved with exportation, the profit made from selling goods overseas will be more then enough to cover the costs. As well as exportation, rice and tropical fruits harvested from our community can be sold to the other communities on the island. As we are the only settlement producing rice, this will be a highly sourced commodity that we can charge whatever we see fit, therefore our profits should be quite high. Other options to generate profit for our settlement could be from the things that we could make. Ropes, furniture, clothing, skin care products, drugs etc could all be made from the objects directly available to our settlement.

Another option could be if we built a water reservoir and then sold fresh water to the rest of the island and possibly abroad.

Offshore Banking Offshore banking provides people with an alternative to regular banking by providing them access to politically and economically stable places to safely store their money, this is particularly beneficial for residents in areas where there is political turmoil.

__What resources/industries can be exported to generate a source of income?__

One of the main resources that can be exported from our settlement is Rice as our settlement is located on a Rice plantation.

Rice can be exported to the three other settlements on the Island as well as other countries. There will be costs involved in exporting the Rice to the other settlements as well as off the Island, with one of the main costs involved being transportation. Coconuts are another resource that can be exported from our settlement area. Coconuts can be exported off the Island via planes from our proposed small airstrip or via sea through use of the port area. Coconut milk is very versatile and can be used in Cooking products as well as Cosmetic products. It is a very common ingredient in many south pacific island traditional recipes and therefore would be in demand both on the Island and in nearby countries/other islands. It could also be possible to manufacture organic cosmetic products based such as soaps and shower gels and export these products from the island. There would be initial costs to cover the infrastructure and establishment of a factory as well as ongoing costs of maintenance, materials and staff involved in developing and exporting these products.

Papayas can also be exported from our settlement area. Due to weather sensitivity, Papayas can only grow in tropical areas which have frost free conditions. Therefore Papayas an be exported to other conunrties that have unsuitable growing conditions. The main use of Papayas is as a food source however it can also be used in the manufacturing of medicines, ointments The bark and stem off the Papaya tree can also be used to manufacture rope. Papayas tree grow reasonably quickly, developing fruit within approximately 3 years after the plantation of the seed.

Another Fruit that can be exported from our settlement area is Bananas. Bananas are well suited to the warm, tropical weather that the Island provides. Although there are many countries around the world that are already exporting Bananas,they are a popular food source worldwide and can definitely be another leading export for our settlement. Bananas are a very profitable commodity and can be exported from our settlement area to other locations on the island and also to overseas markets. Bananas have a variety of uses and are currently in high demand internationally.

__What expenses will we be faced with once production begins? How will these be paid for?__

In order to answer this question more effectively, more information is required on what exactly is going to be produced. Expenses that the Island will most likely incur once production begins are:

-Labour (wages) -Stock and materials <span style="font-family: Georgia,serif;">-Liability insurance <span style="font-family: Georgia,serif;">-Running costs at the production site; such as land, rent, electricity, gas, telephone, water and waste disposal <span style="font-family: Georgia,serif;">-Transport (e.g. trucks to move product) <span style="font-family: Georgia,serif;">-Equipment and machinery <span style="font-family: Georgia,serif;">-Advertising of the business <span style="font-family: Georgia,serif;">-Registering the business

<span style="font-family: Georgia,serif;">How will these be paid for? <span style="font-family: Georgia,serif;">The business will require money to set itself up. The UN may help out with this. Once and up and running, the business can pay for the above by using the profits gained.

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">__How can we keep it sustainable, in terms of production?__

===<span style="color: windowtext; font-family: Georgia,serif; font-weight: normal;">In some areas sufficient rainfall is available for crop growth. However some areas can require irrigation. For irrigation to be sustainable they will require proper management. Improvements in water well drilling technology and submersible pumps (pump that functions underwater) combined and low pressure pivots can make it possible to regularly achieve high crop yields. Internal renewable water resources can be used (average flow of rivers). Minimize the raw material waste such as oil. Technology can be implemented to deliver good products at low operating costs to increase quality. Lastly hydrogen gas has potential to be an environment friendly energy carrier for vehicles, generated from fuels such as natural gas. ===

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">__What goods will generate the most profit? What quantities are needed to generate this profit?__

__<span style="font-family: Georgia,serif;">Bananas __ <span style="font-family: Georgia,serif;"> <span style="font-family: Georgia,serif;">Overview (why) <span style="font-family: Georgia,serif;">The climate of the island places us in a very profitable position should we choose to begin growing and exporting exotic banana varieties in bulk. Cavendish, red bananas, apple bananas, baby bananas and plantains are in great demand worldwide and should our colony choose to begin exporting, there would be no shortage of demand for the produce. There are over 300 varieties of bananas yet only 30 of these are commercially cultivated. Recently there has been great promotion of consumption of new and exotic types of bananas in developed countries, creating a market niche that our island can take advantage of.

<span style="font-family: Georgia,serif;">Banana trees are not seasonal and will produce fruit all year round. Each banana tree will be able to be harvested on average once every 3 months. The banana trees will take about 9-12 months from planting to reach a level of maturity where they can start to produce fruit.

<span style="font-family: Georgia,serif;">Other uses of bananas (for local use, not export) <span style="font-family: Georgia,serif;">Banana fiber: This can be used in handicraft to create baskets, carpets and many more things. These items could be used to furnish homes and could be sold to tourists. Banana fiber can also be manufactured into banana paper, which creates an alternative to harvesting trees on the island to create paper for writing.

<span style="font-family: Georgia,serif;">Processing: Bananas can be processed into baby food, providing locals with a cheap, readily available source of food for their young children (should procreation occur) Bananas can also be processed into banana flour which can also be exported as an ingredient for gluten free cakes

<span style="font-family: Georgia,serif;">Animal feeding: Bananas that are not fit for export can be used to feed livestock or composted to create rich soil for growing new crops.

<span style="font-family: Georgia,serif;">Banana leaves: These can be used as a basic means of wrapping and serving food in homes.

<span style="font-family: Georgia,serif;">Inter-cropping: The banana tree is large with a wide leaf span, creating shade beneath that can be used to other smaller crops or providing shade for livestock.

<span style="font-family: Georgia,serif;">Tourism: Large banana fields could be used to attract tourism to the island. Banana juice can also be fermented into a pleasant alcoholic beverage which could stock bars and restaurants across the island.

__<span style="font-family: Georgia,serif;">Where? __ <span style="font-family: Georgia,serif;">The land around coordinates c-2 on the map are perfect for developing an initial field of banana trees which could be expanded should the operation be a success. The beginning will be 4, 2km square field which will be able to comfortably house approximately 7,500 full grown banana trees.

__<span style="font-family: Georgia,serif;">When do we see profit? __

<span style="font-family: Georgia,serif;">As stated earlier, the time line from the planting stage to when the trees will bear fruit ready for harvest should be between 9-12 months, and from then on the trees can be harvested approximately every 3 months, all year round. Bananas are a very profitable commodity compared to some other fruits available on the island due to it yielding produce all year round <span style="font-family: Georgia,serif;"> __<span style="font-family: Georgia,serif;">Yield __ <span style="font-family: Georgia,serif;">Each banana tree will yield about 4 bunches of bananas each time they are harvested. One of these bunches generally weighs between 40-60 kilograms. Each bunch of bananas contains around 15 ‘fists’ which contains on average 20-30 bananas, containing around 370 individual bananas.

__<span style="font-family: Georgia,serif;">Maths __ <span style="font-family: Georgia,serif;">Each tree on average will yield about 240kg of bananas each harvest.

<span style="font-family: Georgia,serif;">Our estimated crop = 7500 trees

<span style="font-family: Georgia,serif;">Each harvest we should be able to have approximately 1,800 tons of bananas for export in the first year. And a similar quantity every 3 months.

<span style="font-family: Georgia,serif;">Approximate cost per kg, $3 = $5,400,000 total per harvested load. (when market price is low)

<span style="font-family: Georgia,serif;">This comes to around $21,600,000 per-annum of gross money income, (not including expenses)

<span style="font-family: Georgia,serif;">Like any export, prices fluctuate depending on demand, $3 is the lowest projected price per kilo of our bananas. Prices could rise to up to $12 at some times during the year which would rise the gross income to $864,000,000

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">__What is a suitable price for our resources to be sold at?__

<span style="font-family: Georgia,serif;">The main export in our area will be rice. As rice begins to grow it will be at an increased price because supply will be low and there will be a high demand for it. As rice growth increases the price will lower and stabilise as long as the weather conditions stay ideal. Internationally rice is sold at approximately $400 US dollars per metric ton which is equivalent to approx. $386 Australian dollars per ton. This can be used as a measure for an appropriate price for rice to be sold at.

<span style="font-family: Georgia,serif;">Bananas grow in this area and can be used as one of our leading exports. However due to weather conditions it is difficult to make a judgment on how much these will be sold at. In dry seasons we can afford to sell bananas at a lower price because they will be in high supply, but as we are likely to receive monsoonal weather the supply of bananas could be low if they are damaged and therefore be sold at a higher price. Bananas can be sold for as low as $3.00 per kilo when in high supply, but as high as $12.00 per kilo when supply is scarce.

<span style="font-family: Georgia,serif;">Papayas and coconuts are also found in our area and can be used in a variety of ways. They are both high in Vitamin A, B C, Magnesium, Foliate, Zinc and Potassium which is beneficial for both internal and external use. These fruits can be eaten or used to make different items.

<span style="font-family: Georgia,serif;">The shell of coconut which is called the Coir, can be used to create insulation, ropes, stuffing fiber for mattresses and door mats and the inside of the coconut can be used to create drinking water and milk, creams, soaps and oils. The oil from the coconut can be used to lower cholesterol and treat i <span style="font-family: Georgia,serif;">nflammatory disorders. The roots of the coconut can be used as a dye, to create mouth wash and also as a medicine for gastro and dysentery. Coconut milks and oils are generally sold for between $3.00 - $6.00 per approx 400mls, this price is is however based on an established coconut inflow, one which we have not established as yet. <span style="font-family: Georgia,serif;">Papayas, as well as being eaten, can be used to create creams and oils. All of which can be exported and used to establish an inflow of revenue. In comparison to Australia, Papayas are sold for approximately $6.50 a kilo because they are not in high supply, the price which they will be sold for on the Island will depend on the availability of this product. The prices of these will be established once production begins and costing is clear across all areas of production. <span style="font-family: Georgia,serif;">Most of our revenue will come from the producing and exporting of rice. The revenue gained from this will be used to stimulate the growth of our community and help with the importing of necessary goods and services.

<span style="font-family: 'Comic Sans MS',cursive; font-size: 120%;">__What are essential services that need to be provided?__

<span style="font-family: Georgia,serif;">The following services are an essential aspect of a thriving community...


 * <span style="font-family: Georgia,serif;">Government
 * <span style="font-family: Georgia,serif;">Health Care
 * <span style="font-family: georgia,serif;">Transport
 * <span style="font-family: Georgia,serif;">Education
 * <span style="font-family: Georgia,serif;">Emergency Services (Police, Ambulance, Fire, SES)
 * <span style="font-family: Georgia,serif;">Defense Force
 * <span style="font-family: Georgia,serif;">Shopping Centers (supermarkets, warehouses, nursery)
 * <span style="font-family: Georgia,serif;">Leisure (I.e.cinemas, restaurants, sporting grounds, aquatic centers)
 * <span style="font-family: Georgia,serif;">Airport

<span style="font-family: Georgia,serif;">All of which will provide the community a service that will result in a happy, healthy environment which will allow for a profitable economy.

<span style="font-family: Georgia,serif;">home