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What is the economy in Micronesia?

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The United States spent heavily in the islands in the 1990s, making financial assistance the primary source of income. Other mainstays of the economy are subsistence farming and fishing. Fish, clothing, bananas, and black pepper are exported and food and beverages, manufactured goods, and machinery are imported. The United States and Japan are the main trading partners.

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Get more facts and information about Micronesia, Federated States of . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

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