territorial claims were
made until 1770, when Capt. James COOK took possession in the name
of Great Britain. Six colonies were created in the late 18th and
19th centuries; they federated and became the Commonwealth of
Australia in 1901. The new country took advantage of its natural
resources to rapidly develop its agricultural and manufacturing
industries and to make a major contribution to the British effort in
World Wars I and II. In recent decades, Australia has transformed
itself into an internationally competitive, advanced market economy.
It boasted one of the OECD's fastest growing economies during the
1990's, a performance due in large part to economic reforms adopted
in the 1980's. Long-term concerns include pollution, particularly
depletion of the ozone layer, and management and conservation of
coastal areas, especially the Great Barrier Reef.

Austria
Once the center of power for the large Austro-Hungarian
Empire, Austria was reduced to a small republic after its defeat in
World War I. Following annexation by Nazi Germany in 1938 and
subsequent occupation by the victorious Allies in 1945, Austria's
status remained unclear for a decade. A State Treaty signed in 1955
ended the occupation, recognized Austria's independence, and forbade
unification with Germany. A constitutional law that same year
declared the country's "perpetual neutrality" as a condition for
Soviet military withdrawal. Following the Soviet Union's collapse in
1991 and Austria's entry into the European Union in 1995, some
Austrians have called into question this neutrality. A prosperous,
democratic country, Austria entered the Economic and Monetary Union
in 1999.

Azerbaijan
Azerbaijan - a nation with a Turkic and majority-Muslim
population - regained its independence after the collapse of the
Soviet Union in 1991. Despite a 1994 cease-fire, Azerbaijan has yet
to resolve its conflict with Armenia over the Azerbaijani
Nagorno-Karabakh enclave (largely Armenian populated). Azerbaijan
has lost 16% of its territory and must support some 571,000
internally displaced persons as a result of the conflict. Corruption
is ubiquitous and the promise of widespread wealth from Azerbaijan's
undeveloped petroleum resources remains largely unfulfilled.

Bahamas, The
Arawak Indians inhabited the islands when Christopher
Columbus first set foot in the New World on San Salvador in 149