Nauru Economic Crisis

Rikhil Patel Extra-Credit Assignment Economy, People, & Environment To begin, I do not agree with the author, Mark Gimein, on his recommended course of action for the landed estate of Nauru. He religions the only way for Nauru to break down back on its feet is to drive scotchal emergence and dismiss the idea of a second give enthronisation company wholly together. Although I do believe this is a valid point, it is definitely not the only, and surely not the about efficacious strategy to leap Nauru. Gimein explains that with step forward economic growth for a nation, both hope is lost. However, this is not true(a); sustainability is a worthy option to economic growth. A nation that has economic sustainability is considered to be thriving. This should be the initial mindset for the Nauruan people (and later they hindquarters think about locomote even further and push through growth). I believe that a second jibe at a trust breed is an understandable and a sapiential decision to identification number the Nauruan economy around. reason in other tenuous Pacific Islands has showed that, with the right management, potentiometer be very successful (for example, the Marshall Islands trust fund which provides stipend for nuclear exam damages).

If I was in the garment of the Nauruan leader, I would realize followed a very homogeneous economic philosophy as the times before the downturn. Of course, I would reconstruct several alterations to the trust funds that would aid in smarter dressings and more responsible spending. For one, I would encourage wiser spending by the residents. nonpareil mistake was that the Nauruan people went on a phenomenal spending spree after receiving their royalty checks, with no twist of intelligent investment for the future. other downfall was the uncommon investments do by the government. For instance, a series conmen that persuaded the government to invest in a capital of the United Kingdom (West End) musical about the living of da Vinci da Vinci. Another thing I would get word out for is corruption and incompetence with all the Nauruan...If you want to get a full essay, determine it on our website: Orderessay

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