POLA02H3 Lecture Notes - Lecture 10: Blood Diamond, Olive Oil, De Beers
Document Summary
De bee(cid:396)s ca(cid:374)ada (cid:862)i(cid:374)je(cid:272)ted app(cid:396)o(cid:454)i(cid:373)atel(cid:455) ,9(cid:1004)(cid:1004),(cid:1004)(cid:1004)(cid:1004) i(cid:374)to the ca(cid:374)adia(cid:374) e(cid:272)o(cid:374)o(cid:373)(cid:455) i(cid:374) (cid:1006)(cid:1004)(cid:1005)(cid:1004)(cid:863) Add to that list: the(cid:396)e e(cid:454)ist a set of (cid:272)ha(cid:374)(cid:374)els fo(cid:396) illi(cid:272)it dia(cid:373)o(cid:374)ds i(cid:374)to a(cid:374) u(cid:374)(cid:396)egulated (cid:862)i(cid:374)to a(cid:374) u(cid:374)(cid:396)egulated i(cid:374)dust(cid:396)(cid:455) that asked a(cid:271)solutel(cid:455) (cid:374)o (cid:395)uestio(cid:374)s(cid:863) This is important: if you expect to repeat a pd, you will likely cooperate. Once you have a pattern of cooperation, it is easy to continue. If you can smuggle a gun, you can smuggle a diamond. Smillie: the illicit trade on conflict diamonds was founded on tax evasion and money laundering. Collective action to reform the diamond supply chain: efforts by diamond industry, governments, ngos and supra-national institutions to stop trade in conflict diamonds would require: Conflict-free diamonds do not replace conflict diamonds in the marketplace: economists would suggest that there is a point that prices can adjust so that one may be indifferent between two goods.
