The Earth currently finds itself in the midst of what some have termed the "Anthropocene Era" - a period during which human activities have become a dominate force affecting not only the
planet's landscape, but also its atmosphere. Since the dawn of the industrial evolution of the mid-18th century, humans have contributed to substantial increases in the concentration of
greenhouse gases in the atmosphere. Carbon dioxide has increased by 36%, methane by 17%, and nitrous oxide by 151%. These changes in the global atmosphere are directly linked to over
This chapter is concerned with describing the evolution of the FSM Sustained Growth Strategy (SGS), and the fiscal challenges facing the nation resulting from the need to implement the provisions of the amended Compact. Discussion starts through detailing the FSM's negotiating strategy for the amended Compact and in outlining the principal objectives that the FSM sought
to securemacroeconomic stability and sustainable development. These objectives are compared with what the FSM and U.S. finally agreed, and which are embodied in the terms and conditions of the amended Compact.
The nine Pacific Island countries (PICs)1 covered in this regional strategy face similar development challenges today despite notable differences in history, culture, and endowments.
The lack of economic growth in the face of growing populations has contributed to rising unemployment and hardship in the region. Even those countries that have seen positive growth in