Micronesia
Economy
Nationally, the primary income is the sale of fishing rights to foreign nations that harvest tuna using huge purse seiners. A few Japanese long liners still ply the waters. The crews aboard fishing fleets contribute little to the local economy since their ships typically set sail loaded with stores and provisions that are cheaper than local goods. Additional money comes in from government grants, mostly from the United States and the $150 million the US paid into a trust fund for reparations of residents of Bikini Atoll that had to move after nuclear testing. Few mineral deposits worth exploiting exist, except for some high-grade phosphate, especially on Nauru.
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