Phosphate deposits made Nauro rich but it had a limited time of availability.
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Nauro: the tiny island that went from world's richest country to bankrupt
Nauro: the tiny island that went from world's richest country to bankrupt
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It’s fascinating (and a bit shocking) how Nauru went from being one of the richest countries to facing severe economic challenges. Understanding the factors behind such rapid changes can teach valuable lessons in resource management and economic planning. For more related insights, you can see more.