Island In Trust: Culture Change And Dependence In A Micronesian Economy

Many small-scale economies depend on or are affected significantly by subsidies granted by foreign powers. An especially interesting example of this form of financial dependence is Micronesia, a Pacific archipelago that has been a trust territory of the United States since 1947. During the 197Os, appropriations from the U.S. government to Micronesia amounted to more than $1000 per capita. The appropriations provided social services and capital improvement projects, along with employment opp...