Strategic Partner or Shot Caller? The De Beers Factor in Botswana's Development

Abstract

The relationships between African states and multinational corporations have been hotly debated. Proponents of multinational activity in developing states contend that states whose policies do not actively promote foreign direct investment are often less developed than their open-market counterparts. As a result, states have become heavily reliant on multinationals to integrate their economies into the world market in order to boost economic development.