Economic life in Palau
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 10 June 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
We look at how soaring food and fuel prices are affecting the tiny island nation in the western Pacific Ocean.
Like much of the world, the Covid-19 pandemic and the war in Ukraine have led to supply chain issues, and rising costs.
And with limited opportunities, young people are facing the question, should they stay or leave and chase careers elsewhere?
Produced and presented by Frey Lindsay
(Image: People gathered under the Japan-Palau Friendship bridge in Koror, Palau. Credit: Frey Lindsay/BBC)
Transcript
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| 0:00.0 | Ali? Oh, this is the trail we came in on. I didn't even realize. |
| 0:09.9 | That's a very good thing you're here. |
| 0:13.6 | Welcome to Business Daily on the BBC World Service. I'm Frey Lindsay. |
| 0:17.8 | So I'm looking at the largest freshwater lake in Micronesia. |
| 0:21.1 | Yes. |
| 0:21.8 | So you see all this marsh plant that's growing? |
| 0:24.2 | That's where we're doing our restoration effort for the lake. |
| 0:27.4 | I'm at the Nardok Lake Reserve on the lush, jungly island of Babelab, |
| 0:31.4 | in the north of the Pacific Island nation of Palau. |
| 0:34.4 | With me as conservation manager Deerlin Rebelluder. |
| 0:39.3 | On yesterday's episode of Business Daily, we heard a lot about Palau's ocean life, which is what Palau is most famous for. Today, we're |
| 0:44.4 | staying inland and looking at what daily life is like for Palauans, amid soaring prices and a changing |
| 0:49.9 | climate. It's both easy and hard. If you run out of sugar, you just can go to a neighbor or your |
| 0:55.3 | parents or a relative house. I need a cup of sugar. But with inflation, that makes it extra hard. |
| 1:01.2 | And we're going to meet some young Palauans and talk about how they see their futures amid these |
| 1:05.5 | challenges. We realize that we have a lot of potential. My generation, they are thinking about moving outside |
| 1:12.9 | of Palau and chasing opportunities. That's all coming up. How many different programs do you have |
| 1:21.2 | going? We have reforestation. We have a marsh plant cleanup, outreach, surveillance, welfare prevention. |
| 1:30.0 | As program manager for the Melrior Conservation Network, part of Deerlin's job is to raise funds for their various conservation efforts, |
| 1:37.6 | like clearing the lake of marshweed or protecting some of the extremely rare flora they have in the reserve. |
| 1:42.9 | There's one tree in particular, |
| 1:44.6 | osmoxelon engadok ends, |
... |
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