of
Australia in 1901. The new country took advantage of its natural
resources to rapidly develop 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
1990s, a performance due in large part to economic reforms adopted
in the 1980s. 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. The Soviet Union's collapse in 1991 and
Austria's entry into the European Union in 1995 have altered the
meaning of this neutrality. A prosperous, democratic country,
Austria entered the EU Economic Monetary Union in 1999.

Azerbaijan
Azerbaijan - a nation with a Turkic and majority-Muslim
population - was briefly independent from 1918 to 1920; it 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 528,000 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
Lucayan Indians inhabited the islands when Christopher
Columbus first set foot in the New World on San Salvador in 1492.
British settlement of the islands began in 1647; the islands became
a colony in 1783. Since attaining independence from the UK in 1973,
The Bahamas have prospered through tourism and internationa