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In the years after independence in 1968, Nauru possessed the highest GDP per capita in the world due to its rich phosphate deposits. In anticipation of the exhaustion of phosphate deposits, a substantial amount of the income from phosphates was invested in trust funds aiming to help cushion the transition and provide for Nauru's economic future.
Nauru is a phosphate-rock island with rich deposits near the surface, which allowed easy strip mining operations for over a century. However, this has seriously harmed the country's environment, causing the island nation to suffer from what is often referred to as the " resource curse ".
Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1]
Only 12% of the 3,000 respondents said they consider themselves wealthy and only 4 in 10 people who are objectively wealthy, with assets of more than $2 million, said they considered themselves rich.
Roughly 80% of Nauru has been decimated by strip mining. The effects of phosphate mining in Nauru have had significant negative impacts on the island's environment and economy. [1] One of the most prominent effects of the phosphate mining in Nauru is the extensive environmental degradation that has occurred as a result of the extraction of ...
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The language of Nauru, Dorerin Naoero, is a Micronesian language.English is understood and spoken widely. Education is compulsory from 4 to 16, in all the schools on the island. The University of the South Pacific has a centre in Nauru located in the Aiwo District and offers pre-school teacher education, nutrition and disability studies and will offer the Community Workers Cer
Nauru budget documents show two-thirds of government revenue last year came from fees paid by Australia to host a refugee processing centre, which began to be wound down in July.