section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  The exploitation of the Pacific's mineral wealth is hampered by the ocean's great depths. In shallow waters of the continental shelves off the coasts of Australia and New Zealand, petroleum and natural gas are extracted, and pearls are harvested along the coasts of Australia, Japan, Papua New Guinea, Nicaragua, Panama, and the Philippines, although in sharply declining volume in some cases.