How the World's Richest Country Lost 90% of its GDP

Nehru, a small Pacific island, experienced an economic boom due to phosphate mining, becoming the richest country per capita. However, mismanagement, environmental degradation, and health crises led to a severe economic decline. Efforts to diversify the economy, including offshore banking, failed. Today, Nehru relies on foreign aid and detention centers for economic stability.

How did Nehru's GDP per capita compare to that of the United States during its peak?

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What was the impact of the offshore banking strategy on Nehru's economy?

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What lessons can be learned from Nehru's economic history regarding natural resource management?

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What were the main industries in Nehru after the phosphate resources were depleted?

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