Economy of the Falkland Islands - Falkland Islands Pound, Falkland Islands Holdings, Coins of the Falkland Islands Pound, Malvinas Islands Peso (Paperback)

Chapters: Falkland Islands Pound, Falkland Islands Holdings, Coins of the Falkland Islands Pound, Malvinas Islands Peso, Banknotes of the Jason Islands. Source: Wikipedia. Pages: 28. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: The economy of the Falkland Islands, previously heavily over-dependent on sheep farming (and historically whaling), has become more diversified in the last decades and now also has income from tourism and commercial fishing as well as a service base for the fishing industry. The Falkland Islands have the highest standard of living in South America. The islands use the Falkland pound which is on par with the Pound Sterling. A squid trawler, and a cruise ship in Port William representing two trends in recent economic developmentDuring the 19th century, the supply and maintenance depot for ships at Stanley developed into a port serving ships rounding Cape Horn. There was also trade in cow hides from the wild descendants of cattle introduced by French settlers in the late 18th century. Sheep farming was then introduced, taking over from the cattle trade in the 1870s and becoming self-supporting by 1885. The islands also provided a base for whaling and sealing, with factories being built on East Falkland and South Georgia, but these industries ended, leaving the wool trade as the mainstay of the islands' economy. By the 1980s, the economic viability of the islands was in doubt, but in the aftermath of the Falklands War there was a new commitment from the United Kingdom government. The Falkland Islands Development Corporation was formed in mid 1984 and in its annual report at the end of that year it set out to increase employment opportunities by encouraging diversification, to increase population levels through selective immigration, to aim for long-term self-sufficien...More: http: //booksllc.net/?id=1069