#naturalresources

dredmorbius@joindiaspora.com

The World's Richest Little Isle (1982)

Few islands in the South Pacific look less promising from the air. Instead of the usual verdant atoll -all palm trees and beaches - the island is more like a chunk of gray lunar landscape encircled by a thin ribbon of green along the shoreline. In the interior, a few sparse clumps of vegetation stand out amid stark rock pinnacles. Clearly, this is not an ordinary tropical paradise.

Yet this unprepossessing island - 26 miles south of the Equator, about midway between Hawaii and Australia and hundreds of miles from anywhere -is the envy of the South Pacific. For this is the Republic of Nauru - all eight and a half square miles of it. Nauru, with a per capita income surpassing that of any oil-rich Arab nation, is the smallest and wealthiest independent democracy in the world.

https://www.nytimes.com/1982/03/07/magazine/world-s-richest-little-isle.html

#Nauru #limits #NaturalResources #NaturalResourceEconomics #SouthPacific #LimitsToGrowth