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  • This is Tuvalu.

  • You're probably going to need to zoom in because Tuvalu is the forth smallest country

  • in the world by area and second smallest by population.

  • Only 10,000 people live there which is less than Kirksville, Missouri—a town who's

  • main attraction is the Museum of Osteopathic Medicine.

  • Tuvalu lies about halfway between Sydney, Australia and Honolulu, Hawaii so it is isolated.

  • The main island stretches a mere 2,000 feet across at it's widest and space is so limited

  • that, when not used for flights, the airport's runway is used as a public park and gathering

  • place.

  • Tuvalu also has the lowest total GDP of any country worldwide.

  • Of course it doesn't help that it's the second least populous country and the least

  • populous country, the Vatican, literally has a bathtub worth two billion dollars, but the

  • overall gross domestic product of this country is a mere $32 million.

  • Just, for some reference, that's less than the amount the US government spends on printing

  • each year.

  • Just to be more clear, that's 85 times less than the amount the US government spends on

  • printing each year because the US government spends $2.7 billion on printing every year.

  • But that's not the point.

  • The point is that Tuvalu is very small, very isolated, and very poor.

  • When you're situated in the middle of the Pacific, it can be tough to make money.

  • A lot of other Pacific island countries rely on income from tourism, but it's particularly

  • tough to get to Tuvalu.

  • Its airport only sees three flights a week from Nadi, Fiji and this 650 mile trip costs

  • about $800 round trip.

  • In metric that's too damn much.

  • Auckland, the nearest large city, is also just as close to Antartica as it is to Tuvalu,

  • so, they make their money by killingfish that is.

  • Not only do 42% of Tuvaluans work in fishing, but the country also has an enormous exclusive

  • economic zone in which they have exclusive rights to resources so they sell fishing licenses

  • to foreign ships which provides a significant portion of the government income, but the

  • country's most interesting source of income came to them entirely by chance.

  • If you remember Half as Interesting episode four, back before all my jokes became terrible,

  • I talked about the International Organization for Standardization which sets standards on

  • how to make tea among other things.

  • One of them is standard 3166 which defines two-letter codes for each and every country

  • so, for example, Japan got JP, Romania got RO, and Guatemala got GT, but then the internet

  • came around.

  • In an internet address, there is generally a third-level domain, a second-level domain,

  • and the top-level domain, which is what we're interested in.

  • The top-level domain is the last part of a domain name such as .com, .org, .net, .gov,

  • etc.

  • Starting in 1985, the Internet Assigned Numbers Authority, which assigns top-level domains

  • and has a pretty terrible website for the organization that basically runs the internet,

  • started creating top-level domains for specific countries and rather than just choosing codes

  • for each country, they took the ISO 3166 list and used the pre-set codes for each country,

  • and here's where Tuvalu got really lucky.

  • Their code wastvand so their top-level domain was “.tv.”

  • As it turned out the internet did not fail like journalist Clifford Stoll predicted when

  • he wrote in 1995, “you can't tote [a] laptop to the beach.

  • Yet Nicholas Negroponte, director of the MIT Media Lab, predicts that we'll soon buy books

  • and newspapers straight over the Internet.

  • Uh, sure.”

  • A few people even starting watching video on the internet and “.tvwas the perfect

  • top-level domain for new streaming sites and so Tuvalu starting selling domains.

  • Originally a company called DotTv bought the licensing rights for the .tv domain but in

  • 2002 this company was acquired by Verisign which, aside from being a nightmare of a name

  • for dyslexics, is the registrar for a bunch of different top-level domains including .com,

  • .net, and now .tv.

  • It's believed that the country of Tuvalu now receives $2-3 million per year from the

  • registration of different .tv domains.

  • Up until 2000, Tuvalu was not part of the United Nations but they joined after this

  • deal went through because they could finally afford the $100,000 joining fee.

  • The revenues from this domain now amount to almost 10% of the country's GDP and have

  • been used to pay for crucial development in this tiny island country.

  • If you want to learn how to join the United Nations, Skillshare sort've has a class

  • for that.

  • They don't have a course about how to get your country into the UNthat might be just

  • a bit too nichebut they do have a course about how to get a job at the UN.

  • It covers the application process, the skill assessments, the interview stage, and much

  • more, but if you want to learn something a little less practical, they also have courses

  • like how to solve a Rubik's Cube by fellow YouTuber Mike Boyd.

  • What's great about Skillshare is that they have over 18,000 classes so if you want to

  • learn something, there's a good chance they have a course on it.

  • You can get started learning today with Skillshare by being one of the first 1,000 people to

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This video was made possible by Skillshare.

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ツバルが偶然手に入れたGDPの10%を稼ぐ方法 (How This Island Got 10% of Their Money by Chance)

  • 21 0
    Taka   に公開 2020 年 01 月 09 日
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