News & Views

Vanuatu’s Piggy Bank


Dateline Australia explores Vanuatu’s alternative financial system, where a pig tusk bank claims to have reserves worth $1.4 billion. Most Western economists are probably not aware of the many functioning alternative economies throughout Melanesia. Vanuatu, while classified by the UN as a ‘poor’ country, ranked number 1 on the Happy Planet Index in 2006, and is well known for its thriving gift economies.

 

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