How do you think Australia and New Zealand can solve their economic problems? (Essay)

Responses may vary but should include some or all of the following information:

Australia and New Zealand are leading global producers of wool products. Both countries attract large numbers of visitors and have sound tourism and service sectors. Australia’s climate makes large-scale farming challenging, although the country does produce wheat, bananas, pineapples, sugarcane, and other products. Cattle and sheep ranching are more widespread. Australia is a leading producer of opal, bauxite, and lead. New Zealand, by contrast, has a far more fertile landscape. Major exports include beef, dairy, and fruits and vegetables. Mining is a smaller industry, but gold, limestone, coal, and natural gas also are found in New Zealand. Australia’s economy is larger and more diverse than New Zealand’s and, as such, is stronger.