Natural resources law of papua new guinea eric l kwa home worldcat home about worldcat help search search for library items search for lists search for contacts search for a library create lists bibliographies and reviews or search worldcat find items in libraries near you . Papua new guinea is classified as a developing economy by the international monetary fund strong growth in papua new guineas mining and resource sector led to the country becoming the sixth fastest growing economy in the world in 2011 growth was expected to slow once major resource projects came on line in 2015. The economy of papua new guinea is largely underdeveloped it is dominated by the agricultural forestry and fishing sector and the minerals and energy extraction sector the agricultural forestry and fishing sector accounts for most of the labour force of papua new guinea while the minerals and energy extraction sector is responsible for most of the export earnings. Papua new guineas principal forestry legislation is the forestry act of 1991 this law provides for the conservation development and management of its forest resources the act also allocates forest rights and responsibilities through the required forest management agreements between customary landowners and the government. The pacific nation of papua new guinea png is the poorest country in asia pacific despite being rich in natural resources read more it is no coincidence that png ranks as one of the regions most corrupt countries it is suffering from high levels of capital flight where revenues that should
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