Thursday, May 8, 2008

Gem of an Idea

Botswana is one of two countries in Africa to rise out of poverty and reach the middle class income status. This is because the diamond threshold they bear. Botswana has teamed up with De Beers in a partnership. Botswana believes in business and helping themselves rather than federal aid helping. This is because Botswana were able to carry its 1.9 million population out of poverty and into a more stable life, and all due to the diamonds and not giving in to aid and letting others chime in. The theory is that countries with natural wealth will grow more slowly than countries without natural wealth. Botswana avoided being another victim of this.

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