Thursday, February 20, 2020
Management of the Natural Resources by the Government of Botswana - Dissertation Example This research will begin with the statement that despite initial success, that took place just when the post-colonial era started in African continent during the 1960Ã¢â¬â¢s and 1970Ã¢â¬â¢s, in the modern context, Africa is on an on economic downslope where poverty and hunger is persistently increasing in many of its States, with a universally accepted pessimism regarding its future economic prospects Various reports show that the general Sub-Saharan countries are turning poorer at a faster rate, than any low-income country worldwide. The average economic growth rate has been persistently in the negative from round 1965, with an average 35-times difference in the US and the African per-capita income level. However, amidst this depressing picture of low economic growth one African country has performed better than any other nation in the world, in the span of the last 35 years, which is Botswana. Botswana Ã¢â¬Å"had a PPP-adjusted income per capita of $5,796 in 1998, almost four t imes the African average, and between 1965 and 1998, it grew at an annual rate of 7.7 percentÃ¢â¬ . In 2002, we find that Botswana Ã¢â¬Å"exported some US$ 2 billion of diamonds, nickel, copper, gold, and other resourcesÃ¢â¬âover 80 percent of its total exportsÃ¢â¬ . The presence of diamonds had significantly backed BotswanaÃ¢â¬â¢s strong economic growth, until the late 1990s, after which the average growth rate has fallen slightly owing to the recent diversification of the economy, where we find Botswana is now not dependent purely on the revenues that are earned from its natural resources.It is a general belief that economies that are wholly dependent on natural resources, tend to have a slow economic growth, which is often referred to as the Ã¢â¬Å"resource curse.Ã¢â¬ Botswana, however, did not have a favorable start right after its independence and was considered a poor country with little chances of elevation in their economic conditions. It is here that diamonds ha ve played an important role and currently account for almost 40 % of the country's natural resource output. Even though we find that Botswana had in the past experienced strong growth owing to its rich natural resources, however such growth, as predicted by many economists, is not sustainable on a long-term basis. This is owing to the fact that the mining industry does not offer too many job opportunities. Figures show that in Botswana while the mining sector contributed almost 40 % to the total national GDP, it created only around 4 % employment opportunities. The present economic diversification has already started showing a negative impact on the national economy, and it is as Iimi framed it Ã¢â¬Å"specific and intensified capital investment in the primary sector has restrained Botswana from benefiting from forward and backward linkages and labor market externalitiesÃ¢â¬ . Besides this factor, it has been contended by many experts that geographical location where a country is f ar from the sea, makes it difficult to create the strong economy that is based only on the abundant natural resources. Products from the natural resources are generally exported to other countries by the sea route, thus leading to very high shipping charges. A look at the African resource-rich countries will show us many of them are landlocked, including Botswana. Almost all experts universally acknowledge the fact that Botswana achieved this unprecedented economic growth and development by adopting effective management policies, and with a stable basic legal system that functioned reasonably well.Ã¢â¬Å"
Tuesday, February 4, 2020
Place Branding - Research Proposal Example As a consumer, one gets to come across several brand names as part of our daily lives. Names such as Microsoft, Coca-cola, Mercedes, and Harvard have all become ingrained in our minds as popular entities in their respective domains. Much of the effort driven towards popularizing these brand names have been successful largely through strategically conceived efforts, which also symbolizes the leadership positions that these brand names occupy at a global level. In the modern day, governments across the world have begun to look at branding and its associated marketing techniques as a means to market and sell their geographical regions to the rest of the world whereby the emphasis is concentrated on enhancing the international profile with an intent to attract more investment from foreign players and make such regions popular as economic powerhouses for commerce, trade, and tourism (Malcolm Allan, 2005). In a similar way, the government of the Republic of Nigeria is in the process of initiating several campaigns that aim to popularize the country and its image to people and companies across the world. part of this effort has been due to the rising awareness amongst a few African nations such as South Africa and Uganda to market themselves across the world (Eugene Jaffe, 2006). In accordance with this policy, the Nigerian government, through its ministry of Information and National Orientation has launched programmes such as the Ã¢â¬ËThe Heart of AfricaÃ¢â¬â¢ project, which is based on the concept of Place Branding. The proposed research study will attempt to study the various initiatives undertaken by the Nigerian government along the lines of Ã¢â¬ËPlace BrandingÃ¢â¬â¢ and will work towards studying them in the form of a case study. The above discussion clearly divides branding into two classes namely product branding and place branding.Ã In comparison to the former, the latter is still a burgeoning discipline and most of the literature that describes place branding is still in a loosely embedded format.Ã