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Nauru learning to live without wealth.
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It was a tiny country in the middle of the Pacific that got fat on fertiliser. But after a century of mining, Nauru's phosphate-rich cover is all but gone and its future looks as bleak as the coral remains that scar the 21 sq km island, just south of the Equator.
It should have been different. Thirty years ago Nauru, the world's smallest republic, had the world's highest per capita income after Saudi Arabia.
But greed, corruption, poor government and mismanagement have left an ailing country on the edge of collapse.
In January, the country ...
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Nauru learning to live without wealth.
News Wire article from: PAC - Pacific Islands Broadcasting Association
; ...existence. Professor Hughes says Nauru's plight was primarily caused...that preyed on the Pacific. Nauru, like other Pacific Islands...particularly susceptible because of its wealth, had been targeted by "entrepreneurs...became sources of corruption. "Nauru's basic problem lay and still...
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