Economy Of The Cook Islands
The economy of the Cook Islands is based mainly on tourism, with minor exports made up of tropical and citrus fruit. Manufacturing activities are limited to fruit-processing, clothing and handicrafts. As in many other Polynesia, South Pacific nations, the Cook Islands's economy is hindered by the country's isolation from foreign markets, lack of natural resources aside from fish, periodic devastation from natural disasters, and inadequate infrastructure. Trade deficits are made up for by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand. Efforts to exploit tourism potential, encourage offshore banking, and expand the mining and fishing industries have been partially successful in stimulating investment and growth. Banking and finance Banks in the Cook Islands are regulated under the ''Banking Act 2011''. Banks must be licensed and are supervised by the Cook Islands Financial Supervisory Commission. The Cook Islands developed an offshore financial se ...
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Tropical
The tropics are the regions of Earth surrounding the Equator. They are defined in latitude by the Tropic of Cancer in the Northern Hemisphere at N and the Tropic of Capricorn in the Southern Hemisphere at S. The tropics are also referred to as the tropical zone and the torrid zone (see geographical zone). In terms of climate, the tropics receive sunlight that is more direct than the rest of Earth and are generally hotter and wetter as they aren't affected as much by the solar seasons. The word "tropical" sometimes refers to this sort of climate in the zone rather than to the geographical zone itself. The tropical zone includes deserts and snow-capped mountains, which are not tropical in the climatic sense. The tropics are distinguished from the other climatic and biomatic regions of Earth, which are the middle latitudes and the polar regions on either side of the equatorial zone. The tropics constitute 40% of Earth's surface area and contain 36% of Earth's landmass. , the ...
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