Economists for Peace and Security

The Economics of Peace and Security Journal

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A publication by Economists for Peace and Security

The Attempt to Regulate Conflict Diamonds
David Gold

Vol 1, No 1 - Conflict or Development?, January 2006

NGO's with an interest in peace and development in Africa documented the role of diamonds in conflict while soci scientists were researching and modeling the role of natural resources in long-standing violent conflicts. Journalists described what was happening on the ground. The United Nations took an active role as it expanded its mandate to broker and maintain the peace in these conflict zones. And industry, responding to political pressures and changing economic conditions, joined in the efforts to find a solution. Not all governments participated with equal vigor, and many participants prefer to retain a significant degree of ambiguity in the procedures that are established. Future prospects depend upon these stakeholders maintaining an active involvement in the issue. Of even greater importance is to produce a viable pattern of economic development that permits countries to utilize their natural resources without driving conflict.

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