Soccer is the example you are looking for. The sport basically ceased to exist in this country for more than three decades until we qualified for World Cup 1990. All of our resources aren't in the sport and there are definite flaws in our overall development, but I don't think soccer is the kind of sport that any country can just become amazing in.
The U.S. has a huge talent pool, the closest on the world stage is probably only Brazil and Argentina (since China, India etc., aren't really relevant), but as we've seen the talent pool isn't as important as the training methods. Holland, for example, is tiny but amazing.
The reason I singled out handball is because it hardly seems like a well thought out sport, like any athletic person could be a great player if that's what he decided to do.
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