November 23rd, 2011
The country of Maldives is officially known as the Republic of Maldives, or as many people know of it as the Maldive Islands. It is located in the Indian Ocean, island nation, and the way that it is formed is by a double chain of twenty-six atolls (1). An “atoll” is a coral island that surrounds a “lagoon” partially or completely (1). The major surrounding countries near Maldives are Sri Lanka and India, Maldives is about 430 miles from Sri Lanka and about 250 miles from India (1). The major type/s of topography for Maldives is the fact that it is a cluster of around 1,200 small islands (2). One of the islands consists of just the capital, Male, and another one of the islands serves the purpose of the nation’s airport. Besides those two islands, basically every island serves a single purpose. They have an island just to store their fuel, one for their dump yards, 199 of them for population, and 80 islands that consist of major tourist locations (2).
For the Maldive Islands there really only one major language spoken, Dhivehi (1). It is a Indo-European language and it spoken by at least 350,000 people on the islands (1). The present-day script that is used on the islands is called Thanna and what is quite interesting about this is that it is written from right to left, unlike us who go from left to right (1). According to the UNESCO (United Nations Educational, Scientific and Cultural Organization) the Maldives Islands are considered a LDC, or Least Developed Country (3). Clues to the fact that it is a LDC is that Maldives have low income, weak human resources, and a low level of economic diversification (3), but according to an opinion I noticed on a website the Maldives Islands will be reconsidered as a developed country as of January 1st, 2011. Yes, there is most certainly economic growth in the Maldive Islands. The main thing that is powering their economic growth is Tourism (4). Annually, the Maldive Islands get 700,000 tourists (4). Other factors that help boost the economic growth are things such as transportation, communication, and construction sectors (4). Fishing is also another important factor to the growth of the economy (4). In regards to the question of is it sustainable, there are a few key factors for developing countries to follow. They need to be able to integrate into the world economy, maintain high rates of savings and investments, and a government that is capable and committed to running the country (5). Maldive Flag. Maldive Native Costume.
The economy in Maldive is a strong economy. On average, year after year, they have experienced a slow increase percentage of Per Capita Income, from 3.11 in the 1980’s to 7.43 in 2011 (6). The inflation rate in Maldives has steadily stayed low, their GDP is around $1.48 billion, external debt is sitting around $933 million, and their unemployment was a little high at 14.4% (7). For Maldives, there is a huge value put on natural capital. Maldives is home to 5% of the global coral reefs, you find roughly 1,100 different kind of fishes and over 250 different corals in this area (8). This becomes a major tourist hot spot which brings capital to the nation. For my research on the pollution control, not much information came up meaning that they experience little to no air pollution in this area. For the section on resources use there is a lot of value put forth in it, the only natural resource that Maldive has is fish. Fishing makes up a huge part of their nations economy.
A major environmental problem facing Maldives is that the Island is literally sinking, there is only about 7 feet of natural ground left before the ocean waters rise above the island. An economic tool that is being used for this problem is that the President of Maldives, Mohamed Nasheed, planned to purchase new land in India, Sri Lanka, and...