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A tiny nation in the South Pacific, Tuvalu and its 10,000 people suffer from underdevelopment and a lack of jobs, subsisting on fishing and harvesting coconuts. Tuvala had one valuable asset: its c...

A tiny nation in the South Pacific, Tuvalu and its 10,000 people suffer from underdevelopment and a lack of jobs, subsisting on fishing and harvesting coconuts. Tuvala had one valuable asset: its coveted domain name, dot tv. In 1999, the prime minister sold the name to an American dot. com company in exchange for several million dollars and access to the wired world. Now it is difficult to determine who is reaping the benefits--the Tuvalu islanders or the United States corporation.

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