Economics of Rough Diamonds Essay

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Countries in Africa rely heavily on their exportation of diamonds along with oil for income. The revenue from the exportation of rough diamonds has either helped countries develop or lead to catastrophic events. The economic comparison of countries that sell rough diamonds can vary greatly. Some African countries strive for economic independence where as others have faced years of conflict and poverty. The economic and political oversight of rough diamonds compared differently throughout countries in Africa. Two countries that are plentiful in rough diamond resources are Botswana and Angola. These two countries took two different economic paths. Botswana embraced a democratic government and escaped civil war while Angola has suffered years…show more content…
The leaders of Botswana wanted to improve the standard of living for their people and bring economic independence to a newly democratic country. This agreement also helped protect Botswana from rebels invading their country for diamonds. Angola's Government was overseen by Portugal up until the mid 1970's. Angola wanted to gain independence from Portugal and the Portuguese Government was unwilling to do so. A liberation movement started causing three different unified forces to form. Those forces were the Popular Movement for the Liberation of Angola (MPLA), National Front for the Liberation of Angola (FNLA), and the National Union for the Total Independence (UNITA). These forces banded together to remove the Portuguese government from power. By the late 1970's, the MPLA was forming a new government under their control. Even though, the MPLA gained control of the government, UNITA and FNLA wanted to run the government also. The three once unified forces were now fighting amongst each other for power and causing civil wars. Most of Angola's of rough diamonds were in areas controlled by UNITA, which made it difficult for the MPLA to tap the rough diamonds as an economic resource. UNITA on the other hand, saw this as a benefit to sell the illicit diamonds on the black market. This non-government organization took over the production and sales of Angola's rough diamonds to fund their

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