R&D from Prepd: Zimbabwe Nationalizes Its Diamond Mines

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l_2Today’s R&D is brought to you by Prepd, the only software built specifically for extemp. Prepd makes it easy to research, practice, and compete!  Visit www.prepd.in to learn more. Like Prepd on Facebook for special info and contests.

This R&D provides resources on Zimbabwe’s nationalization of its diamond mines.  President Robert Mugabe announced last week that diamond smuggling was costing his nation $13 billion per year and that a new state-owned company needs to seize the minds to prevent this.  Although nationalization could enhance the size of the nation’s available wealth, it could also dampen the prospects of future foreign investment in the Zimbabwean economy.  Private firms that work the mines, including one Chinese company, have vowed to fight Mugabe’s decision in court.

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