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Thursday, 12 July 2012

Diversification Misunderstood, 2nd Edition

A recent article by the Chamber of Mines in the Daily Mail urges Zambians to end the obsession with mining and start diversifying away to Agriculture and Manufacturing. We readily agree, except - diversification is not cheap! It needs money! That money can only come from taxing mines properly! The reason we want high tax revenues is precisely to aid diversification. Without mineral tax revenues there will be no proper diversification programme. We have previously touched on this in a monthly essay - Five Questions on Diversification

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