LadyEllen
Posts: 10931
Joined: 6/30/2006 From: Stourport-England Status: offline
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quote:
ORIGINAL: seeksfemslave No matter how carefully you chose your words LadyE Uncle Seeks gave you the explanation as to why Nam. and Bots. are relatively wealthy. South African and European mining conglomerates. So, who buys the gold and ferrous metals which Zimbabwe exports? Answer - the highest bidder (exactly as with the mineral exports of other countries), by which ever intermediary or other sales channel is used. And as commodities, the prices are set by the market. As such its only a matter of which sales channel one uses, as to what share of the final market price one receives. If, like Zimbabwe one chooses to run the best sales channels out of town because they happen to be former colonial powers, then one might expect to suffer in the market since one's customer base is greatly reduced and one must sell at a lower price. If like Botswana and Namibia one preserve the best sales channels by accomodating those who have made the country their home (for right or wrong) then one might expect to prosper in the market. Again its a matter of an ideology being applied at the expense of what's needed. Not a black and white issue. Here are the facts from my handy Atlas; Botswana economy - diamonds, copper, nickel, salt livestock, sorghum, maize, millet exports - diamonds, copper, nickel, soda ash Namibia economy - meatpacking, fish processing, dairy products, diamonds, lead, zine millet, sorghum, peanuts, livestock, fish exports - diamonds, copper, gold, zinc Zimbabwe economy - coal, gold, platinum, steel, wood products, cement corn, cotton, tobacco, wheat, sheep export - cotton, tobacco, gold, ferroalloys Whats interesting about this, is that all three countries seem equitably blessed with mineral wealth - yet only two of them seem to do well out of it. Only one is blessed with agricultural wealth - yet it is the poorest of the three in GDP per capita terms. E
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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.
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