vendredi 20 mai 2011

Nauru: A Republic completely bankrupt

Nauru, the smallest republic in the world with 21.3 km2 was in the years 1970 to 1980, one of the richest country in the world.
The island has experienced a period of thirty years accelerated the excesses of overdevelopment. Traditional society without material needs, Nauru has discovered the wealth through the exploitation since 1906 its phosphate deposits of high purity.
However, since the 1990s, the exhaustion of mineral reserves, poor management of public finances and the deteriorating public health is characterized by the appearance of diseases related to unhealthy lifestyle leads to an impoverishment of the population and the state, leading to a general failure.
Having no other resource than the one that was running out, they make the choice of money laundering, the sale of passports, the reception of refugees seeking asylum in Australia, but unwelcome in this country (the Pacific Solution), and possibly the coinage of the votes at the UN from time to Nauru in 1999 and joined the International Whaling Commission at its admission in 2005.
         Since 2004, Nauru has officially ceased all activity of money laundering.
The Western lifestyle has also proved detrimental to the health of Nauruans with an increase in some diseases (including obesity and diabetes) and reduced life expectancy.
Located in north-eastern Australia, Micronesia, Nauru Island has been independent since January 31, 1968. It is populated by 13,770 residents in July 2008, grouped in one coastal city.
Today there is its beautiful national motto "The will of God first."

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