nauru has one of the world's largest per-capita income, but that income is expected to change dramastically in a few years
2006-09-15 04:43:57 · 1 answers · asked by John L 1 in Society & Culture ➔ Other - Society & Culture
Nauru is a phosphate rock island, and its primary economic activity since 1907 has been the export of phosphate mined from the island. With the exhaustion of phosphate reserves, its environment severely degraded by mining, and the trust established to manage the island's wealth significantly reduced in value, the government of Nauru has resorted to unusual measures to obtain income. In the 1990s, Nauru briefly became a tax haven and money laundering centre; since 2001 it has accepted aid from the Australian government; in exchange for this aid, Nauru houses an 'offshore' detention centre that holds and processes asylum seekers trying to enter Australia.
2006-09-16 17:16:54 · answer #1 · answered by Woody 6 · 0⤊ 1⤋