Australia also known as Commonwealth of Australia. It is one of the richest and developed countries in the world. Moving to its nomenclature, it is derived from a latin word “Terra Australis” Which means southern land.
Geographically, it is a country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the world's sixth-largest country by total area. Neighboring countries include Papua New Guinea, Indonesia and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east.
Australia is a wealthy country; it generates its income from various sources including mining-related exports, telecommunications, banking and manufacturing. It has a market economy, a relatively high GDP per capita, and a relatively low rate of poverty. In terms of average wealth, Australia ranked second in the world after Switzerland in 2013. Australia is among the top 10 spenders in the world for research and development. 2% of all scientific papers in the world come from Australia, putting Australia at the forefront of new technology and innovations.
Since 1915 there have been fifteen Australian winners of the Nobel Prize. The majority of these prizes (eight) have been awarded in the field of Physiology or Medicine. In many ways, Australia is a world leader on earth and environmental issues. It was in Sydney that the first ever Earth Hour was held, in 2007, and the country also plays a strong role in other global environmental events, such as the annual World Environment Day. The Central Queensland University, Queensland is the leading Institution in Environmental research in Australia. Numerous Environmental journals are published from Australia (Australasian Journal of Environmental Management) with good reputation. Several leading Institution in the country including Charles Darwin University, Griffith University, The Australian National University, Environment Institute of Australia and New Zealand and others are spearheading the Environment research.