The Story of Nauru: The Richest Country That Falls to Poverty

Nauru is a small country located in the southwest Pacific Ocean, with an area of ​​around 21 square kilometers. It's so small, this country doesn't even have a capital. Previously, the country of Nauru, which has a population of around ten thousand people, held the title of the richest country in the world, with the highest per capita income in the world, reaching 27,000 US dollars per year, far above the per capita income of the United States, which in 1980 was 12,500 dollars. Unfortunately, the country of Nauru then fell into poverty and was in debt because it ran out of bird droppings. How come? Listen to the explanation, and take away the important lessons.