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Botswana is a major producer of the world’s diamonds and has been a pacesetter for beneficiation in the country. All mineral resources are finite: Botswana is working towards diversifying the economy before the diamonds run out. As one of the most stable and prosperous countries in Africa, Botswana sets an example to follow. This book gives a practical review of topical issues and the roles of government, the private sector, economic institutions and the international community in driving economic diversification. It highlights challenges faced by many small open economies in Africa as they search for new engines of growth.
Africa is a diverse continent. But is there a pattern to the diversity? Are there commonalities across the countries? And what does economics tell us about the diversity and the commonalities? The Oxford Companion to the Economics of Africa is a definitive and comprehensive account of the key issues and topics affecting Africa's ability to grow and develop. It includes 53 thematic and 48 country perspectives by a veritable who's who of more than 100 leading economic analysts of Africa. The contributors include: bright new African researchers based in Africa; renowned academics from the top Universities in Africa, Europe and North America; present and past Chief Economists of the African Development Bank; present and past Chief Economists for Africa of the World Bank; present and past Chief Economists of the World Bank; African Central Bank governors and finance ministers; and four Nobel Laureates in Economics.
The book explores the treacherous African mineral terrain as it illustrates the powerless voiceless peasants in the village of Marange pitted against corrupt government elite. Both are then pitted against a global Multinational company and its proxies, The Military Industrial Complex. Threatened by a political opposition party, the ruling elite is caught up in its populist rhetoric and the desire for profit. Lacking capital the ruling elite is at the crossroads. But the military industrial complex has no permanent friends, leaving the peasants caught in the middle. Marange explores the missed opportunities while at the same time leaving the reader both entertained and educated. The author takes the reader to Marange through the eyes of Mugove, a peasant farmer, Taona, a high school teacher and the generality of the characters in the book who serve in their various capacities to illustrate the disjointed social and political atmosphere emerging because of the diamond discovery. The interesting contradictions and relationships that emerge in the peasant-elite-multinational company triangle make very interesting reading. This book is an essential reading for anyone interested in Africa and its minerals.
This book combines overviews of the nature and causes of inter-group violence in North Africa and sub-Saharan Africa with a collection of country case studies. Both the overview chapter and the case studies trace how economic policy initiatives, and consequent changes in the roles and statuses of various groups, shape conflict or cooperation.
Conflict is now identified as one of the most significant sources of development failure and thus of growing income divergence between nations. Dr. Murshed s book addresses the issues of weak institutions, conflict, and slow growth. It presents a synthesis of the existing theories, and provides many new insights. It will certainly be much consulted and read by academics, policy-makers and all those who are interested in the causes of conflict and post-conflict reconstruction. Branko Milanovic, The World Bank Masterfully integrating the logic of formal economic models, the insights of normative philosophy, and evidence from empirical analysis, Syed Mansoob Murshed explains civil wars. This is a brilliant, original work. Scott Gates, PRIO and Norwegian University of Science and Technology, Norway This masterly book succinctly surveys contemporary literature on the sources of conflict in developing countries as well as policies to secure a stable peace, including many insightful contributions by the author. The treatment of this important but controversial field is both informative and well balanced. It should be essential reading for all students and policy makers who believe that policy should be evidence-based. Frances Stewart, University of Oxford, UK Using the rational choice approach, Syed Mansoob Murshed analyses the motivations behind civil war and identifies growth and institutional failure as catalysts of the greed and grievance that characterise the onset and persistence of civil war. This book explores the pre-conditions for conflict in terms of growth failure and critically appraises the greed and grievance theories common to conflict literature. It is argued that various institutional mechanisms of restraint that can be labeled the social contract are crucial for violent conflict avoidance. The reasons underpinning the instability of treaties ending civil wars, post-conflict reconstruction issues, liberal peace theory, and how globalization and conflict relate are also examined. Explaining Civil War will be of interest to development economists and political scientists, as well as to students and researchers of political economy and conflict studies.
The mining of diamonds, their trading mechanisms, their financial institutions, and, not least, their cultural expressions as luxury items have engaged the work of historians, economists, social scientists, and international relations experts. Based on previously unexamined historical documents found in archives in Belgium, England, Israel, the Netherlands, and the United States, this book is the first in English to tell the story of the formation of one of the world’s main strongholds of diamond production and trade in Palestine during the 1930s and 1940s. The history of the diamond-cutting industry, characterized by a long-standing Jewish presence, is discussed as a social history embedded in the international political economy of its times; the genesis of the industry in Palestine is placed on a broad continuum within the geographic and economic dislocations of Dutch, Belgian, and German diamond-cutting centers. In providing a micro-historical and interdisciplinary perspective, the story of the diamond industry in Mandate Palestine proposes a more nuanced picture of the uncritical approach to the strict boundaries of ethnic-based occupational communities. This book unravels the Middle-eastern pattern of state intervention in the empowerment of private capital and recasts this craft culture’s inseparability from international politics during a period of war and transformation of empire.
Over the past four decades, policy makers and stakeholders have struggled with the challenge of promoting industrial development in low and middle-income economies in general, and in sub-Saharan African (SSA) in particular. With the rise of the Asian Drivers (China and India) and their increase in demand for raw materials to fuel growth, the turn of the millennium saw a commodity price super-cycle emerge, benefiting a number of resource rich countries in SSA. Faced with the specter of the Resource Curse, this book examines an industrial pathway where countries can Make the Most of Commodities. Bringing together ground-breaking research in the commodity sectors, this book uses case-studies to explore conduits for industrial development, focusing on backward and forward linkages, with policy advice for both governments and corporate sectors.
Commodity prices are projected to increase marginally until 2030. The challenge for developing countries is to foster an environment that combines fiscal, sectoral and social policies to prevent price volatility from impacting national economies.