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Subject
Botswana's post-diamond economy.
Significance
Botswana’s economy will soon face falling revenues from its principal resource, diamonds. The government is ostensibly committed to incentivising broad-based growth and diversification, yet dependence on its main export persists.
Impacts
Although proposed reforms have international backing, economic pressures will weigh on the ruling party’s long-term support.
Poor operating conditions and elite-level corruption may partly undermine the foreign direct investment necessary for wider diversification.
Diversification challenges will be exacerbated by already-high unemployment of approximately 18%.
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2018
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