Diamonds and Economic Prospects 2025
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Diamonds and Economic Prospects 2025
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One source discusses how the high value and ease of smuggling diamonds can contribute to conflict and the "resource curse," where countries rich in diamonds experience conflict and poverty. It mentions Angola as an example and describes the Kimberley Process as an effort to certify conflict-free diamonds, involving governments, industry, and civil society. The other source, a World Bank report on Global Economic Prospects, focuses on the economic performance and outlook of emerging market and developing economies (EMDEs), highlighting the slowdown in their growth trajectory since the early 21st century despite their increased share of global GDP. It attributes this to various factors like weak investment, aging populations, geopolitical tensions, and climate change, while also noting regional differences and the challenges faced by low-income countries (LICs) in graduating to middle-income status.