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Botswana's economy is very dependent on diamonds.
In 2009, when the world economy faced major problems, the sale of luxury items dropped. It placed Botswana in crisis, since they relied so heavily on this single luxury item for income. Due to this, and other economic factors, they are realizing they need to come up with other forms of income to keep national income stable.
They are working to build a bigger market in tourism, but this is being slightly hampered by the fact they are well known for having the second highest AIDS rate in the world. Another market they are building into is cattle and livestock.
What else can I help you with?
Is traditional economic activities are called early economic activities?
Yes, the traditional economic activities are the same as the ealy economic activities.
What has the author L A Huff written?
L. A. Huff has written: 'Predictive status of the Botswana economy into the next century' -- subject(s): Econometric models, Economic policy, Botswana, Economic forecasting
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
What are the economic activities in the tropical zone?
Agriculture and Forestry are the economic activities in the Tropical zone.
What economic activities are in the mountains and basins?
for Appalachian mountains the economic activities are - mining.
What is the economic activity of agaléga?
economic activities of agalega
What are the major economic activities?
The major pillar of a country is called as the major economic activities. For example in Hawaii the major economic activity is Tourism.
What are the economic activities in Siberia?
Siberia has manufacturing, oil and natural gas.
What is the key economic employer in Rhode Island?
what are the three top economic activities in rhode island what are the three top economic activities in rhode island
What is Formal economic activities?
Econmic activities where Money is paid
What is a geographer who examines economic activities called?
Economic geographer
