Botswana A Mono-Diamond Economy Or Not?

Author(s)

Macleans Mzumara ,

Download Full PDF Pages: 21-47 | Views: 392 | Downloads: 98 | DOI: 10.5281/zenodo.3384404

Volume 1 - May 2012 (05)

Abstract

Botswana is a country known for being the world’s largest producer of diamonds in value. The product contributes substantially to the country’s GDP and revenues. It is the major single export of Botswana. However, diamond is a non-renewable natural resource. This article is intended to establish whether Botswana has any comparative advantage in other products other than diamonds in order to have sustainable development beyond mining of diamonds. 

Keywords

Comparative advantage, Botswana after diamonds 

References

                     i.            Balassa, B. (1965). Trade liberalization and Revealed comparative Advantage. New Haven: Yale University of Economic Center.

                   ii.            Batra, A., & Khan, Z. (2005). Revealed Comparative Advantage: An Analysis for India and China. Indian Council for Research on International Economic Relations, Working Paper no. 168.

                  iii.            Botswana Diamonds. (2011). Diamonds from the Beautiful Country of Botswana. Retrieved December 1, 2011 from www.diamondsfrombotswana.com

                 iv.            Commission of the European Communities. (1990). The Impact of the Internal Market by Industrial Sector the Challenge for the Member State. European Economy/Social Europe, Special Issue.

                   v.            Krugell, W.F., & Matthee, M. (20090. Measuring the Export Capability of South African Regions, Development Southern Africa, 25(3), 459-476.

                 vi.            Lipsey, R.G., & Chrystal, K.A., (1995). An Introduction to Positive Economics. 8th Edition. Oxford: Oxford University Press.

                vii.            MBENDI. (2011). Diamonds Mining in Botswana Overview. Retrieved December, 1, 2011 from http//www.mbendi.com/indy/ming/dmnd/af/bo/poo5.htm#s

              viii.            Mirzaei, F., Yazidani, S., Mostafavi, M., & Gharahdaghi, A. A. (2004). The Survey on Comparative Advantage of Iran’s Chicken Meat Export in the Middle East. Animal Science Research Institute.

                 ix.            Mohohlo, L.K., (2011). Botswana Economic Development. Bank of Botswana.

                   x.            Mzumara, M. (2011a). Was Zimbabwe Competitive in International Trade 2000-2009? International Journal of Economics and Research, 2(5):200-221

                 xi.            Mzumara, M. (2011b). Mozambique from Marxist-Leninist to Capitalism: Has the Country Performed Well Economically? International Journal of Business Management and Economic Research, 2(6):359-370

                xii.            Richardson, D. J., & Zhang, C. (1999). Revealing Comparative Advantage: Chaotic or Coherent Pattern Across Time and Sector and the US Trading Partner? National Bureau of Economic Research, Working Paper no. 7212.

 UNCTADSTATS. 2011. Database. Retrieved December 1, 2011 from www.unctadstat.org.

Cite this Article: