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\nHow the World's Richest Country Lost 90% of its GDP\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nIn the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits of Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run...\nIn the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits of Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%.\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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14:16
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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economics, mining, economy, size, years, independence, time, australia
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economics explained, nauru, bankrupt, recession, economic collapse, long run, dutch disease, foreign aid, world war, phosphate mining, richest country, give nehru, pleasant island, small size, phosphate, economies, back, land, world, country, treasure, success, musical, nehru, rich, decades, industries, island
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Best For: Explaining a topic
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