Pacific Island Economies
By: Trevor Jones An often overlooked facet of global economics is the functionality of island economies. I began exploring this in the wake of the Tonga volcano eruption in January 2022, when a massive eruption caused rampant flooding in the Pacific island nation. The publicity of this disaster led me to consider how the economies of Pacific islands work, given how they have seemingly little area or natural resources to build their wealth off of. With this article I aim to explore the broad components of island economies and compare them to our economy here in the United States. Primarily,…