Essay - International Marketing Management Key Aspects of Political & Economic Situation....

International Marketing Management

Key aspects of political & economic situation.

Botswana, or the republic ***** Botswana is a Southern Africa nation, which b*****ders with Angola, Zambia, Namibia, Zimbabwe and South Africa. Botswana, originally a British protectorate adopted its original name and became independent on September 30, 1966. The ec*****omy of the country has very close ties with ***** Africa and is characterized by mining (rich in diamonds), agriculture and tourism.

***** occupies the territory ***** 231,788 mi² (600,370 km²), with desert Kalahari covering nearly 70% of ***** *****. In the Northwest ********** is world's largest inland river delta- the Okavango Delta. River deltas, savannas, and Kalahari Desert are the home for various species of wildlife ***** populate this African *****.

Botswana is a western-type presidential democracy, ***** a president who ***** both the head of the state and ***** ***** of the government. Parliament is represented by a multi-party plural system: "Executive power is exerc*****ed by ***** government. Legislative power is vested in both the ***** ***** the ***** of Botswana. Since independence ***** party system is dominated ***** the Botswana Democratic Party. The Judiciary is independent ***** ***** executive and the legislature." (From (http://en.wikipedia.org/wiki/Botswana)

In a relatively short period of time (40 years), Botswana had transformed from one of ***** world's poorest countries into an "upper middle income" market with the highest credit rating in Africa. Natural resources, mainly diamond mines *****d reasonable government management policy of natural resources contributed to ***** development of industrial infrastructure, growth of foreign investments in***** non-***** sector of economy and it also allowed country to build a welf*****re system. That's why most of specialists *****day agree that Botswana is a stable ***** with open economy. Several decades ***** political stability and economic ***** serve as the best proof of it, especially if to compare it with *****surgence in neighboring states upnorth (Angola, *****).

Botswana today takes an active participation in economical development *****d cooperation in South Africa. It's the member ***** Southern African Customs Union (SACU), which ***** an agreement among South ***** States to develop equal conditions for good exchange and trade ***** order to stimulate economic development and mutual trade under equal opportuni*****.

Macroeconomic indicators of Botswana show stability of ***** making country attractive ***** investments. GDP had grown by 13.8% in a period ***** 2001/02 to 2002/03, re*****l GDP ***** is considered ***** be around 6,8% in 2002/03. Growth in m*****ing industry production is about 10%, in mining sector of economy it's estimated to ***** around 4,8% and agricultural sec*****r had shown 1,9% growth in 2002/03. Bank interest rates in ***** are also high ***** among the highest ***** Africa: from 14.25% to 15.75%. Inflation rate is about 6.7%, which indicates ***** of economy, ***** if to take into consideration that Botswana is a developing *****.

Tod*****y *****'s government *****stands that it's impossible to stimulate country's ***** only by intensive ***** ***** diamonds will not bring prosperity ***** country in future due to a number reasons. First of all it