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How did Australia get so rich? Located between the Indian Ocean and the South Pacific, Australia - an island nation that was once a British colony - began its journey to independence in 1901. Today, the Commonwealth of Australia includes not only the vast mainland but also Tasmania and more than 8,000 other islands. At first glance, Australia may seem remote, arid, largely desert, and sparsely populated. However, this small country has one of the most developed economies in the world. Australians are among the wealthiest people on the planet in terms of per capita income, ranking fourth in the 2022 Global Wealth Report. More impressively, Australia has only just experienced its first recession after nearly three decades of continuous growth due to the impact of the COVID-19 pandemic. Therefore, Australia is often referred to as the "lucky country". However, luck alone cannot make a country rich. So what is the secret behind the prosperity of the kangaroo country?