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Millar and Rietveld (2015) give a comparison between how oil in Nigeria and diamonds in Botswana have been managed. What are three differences between the two countries?
1). Botswana has had better institutional structures compared to Nigeria.
2).Botswana has been a democracy while Nigeria has been a dictatorship.
3).Oil has more volatile prices on the international market compared to diamonds.
4). Nigeria has been oil dependent, but Botswana has not been diamond dependent.
5). Corruption has been more widely spread in Nigeria than in Botswana.

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