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Topic: Economy of Lesotho

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	AllRefer.com - Lesotho : Economy (Lesotho Political Geography) - Encyclopedia
		All land in Lesotho is held by the king in trust for the Sotho nation and is apportioned on his behalf by local chiefs; non-Sotho may not hold land.
		Sheep are bred for wool, and cattle and Angora goats are raised.
		Lesotho is a water-rich nation in a water-starved region.
	reference.allrefer.com /encyclopedia/L/Lesotho-economy.html (296 words)

	Lesotho - Wikipedia, the free encyclopedia
		Lesotho's economy is based on exports of water and electricity sold to South Africa, manufacturing, agriculture, livestock, and to some extent the earnings of laborers employed in South Africa.
		Lesotho is a member of the Southern African Customs Union (SACU), in which tariffs have been eliminated on the trade of goods between other member countries Botswana, Namibia, South Africa, and Swaziland.
		Lesotho also is active in the United Nations, the African Union, the Nonaligned Movement, the Commonwealth, and many other international organizations.
	en.wikipedia.org /wiki/Lesotho (1939 words)

	MSN Encarta - Search View - Lesotho
		Lesotho is one of only three nations in the world to be completely encircled by a single country (the others are San Marino and Vatican City).
		The population of Lesotho (2005 estimate) is 1,867,035.
		In 1993 Lesotho adopted a new constitution that redefined the role of the monarchy and altered the legislative branch of the government.
	encarta.msn.com /text_761567556__1/Lesotho.html (2060 words)

	Lesotho - Economy
		Lesotho is one of the world's poorest countries with a GDP of US$929.
		Lesotho has begun to transform its economic prospects with the exploitation of its rivers to sell water, and possibly also hydroelectric power, to South Africa.
		Lesotho’s economy is closely integrated with that of South Africa’s, as indicated in the above table.
	www.iss.co.za /AF/profiles/Lesotho/Economy.html (572 words)

	Lesotho - Open Encyclopedia (Site not responding. Last check: 2007-09-20)
		The people from Lesotho speak the Sesotho language, in their Bantu derived, prefix-oriented language.
		Lesotho has had an uneasy relationship with its expatriate population, particularly the Asian business community.
		However, the vast majority of Lesotho's resources and jobs are directly or indirectly due to foreign investment and ownership in the country.
	open-encyclopedia.com /Lesotho (369 words)

	Peace Corps \| World Wise Schools \| Lesson Plans \| Teacher Guides \| Lesotho
		Lesotho's high elevation, combined with its location in the southern hemisphere relative to the equator, accounts for a temperate climate.
		Lesotho is primarily a country of subsistence farmers.
		In Lesotho, the South African rand circulates as freely as the Basotho loti.
	www.peacecorps.gov /wws/guides/lesotho/overview.html (2564 words)

	MapZones.com : Lesotho Economy (Site not responding. Last check: 2007-09-20)
		The economy of Lesotho is based almost entirely on agriculture, farm animal raising, and the earnings of Basothos employed outside the nation.
		Lesotho is a poor nation, and its few natural resources are insufficient for even the present population.
		Its economy is based on subsistence agriculture, farm animal, and remittances from miners employed in South Africa.
	www.mapzones.com /world/africa/lesotho/economyindex.php (376 words)

	Economy of Lesotho -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-09-20)
		Lesotho's economy is based on (The class of people engaged in growing food) agriculture, (Not used technically; any animals kept for use or profit) livestock, (Click link for more info and facts about manufacturing) manufacturing, and the earnings of laborers employed in South Africa.
		At the completion of the project, Lesotho should be almost completely self-sufficient in the production of (A physical phenomenon associated with stationary or moving electrons and protons) electricity and also gain income from the sale of electricity to South Africa.
		Lesotho's (An excess of imports over exports) trade deficit, however, is quite large, with (Commodities (goods or services) sold to a foreign country) exports representing only a small fraction of (Commodities (goods or services) bought from a foreign country) imports.
	www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_lesotho.htm (718 words)

	New Page 1
		This geographical setting puts Lesotho right within the Republic of South Africa, where to the North and West shares its boundary with the predominantly Sesotho and Afrikaans speaking Free State Province, to the South is the predominantly Xhosa speaking Eastern Cape, and in the East is the Zulu speaking province of Kwazulu-Natal.
		The economy of Lesotho is based on subsistence farming and animal husbandry, as well as small, medium to large-scale industries that include clothing, footwear and textiles, electronic assembly.
		Lesotho offers a very different toursim experience, with the potential of the tourism sector lying in its natural beauty, rich flora and fauna, and absorbing prehistoric and cultural heritage.
	missions.itu.int /~lesotho/country.htm (580 words)

	Lesotho
		Lesotho is a small, mountainous, landlocked country, entirely surrounded by South Africa.
		Lesotho is also known as the Mountain Kingdom and has two main mountain ranges: the Drakensberg, which has the highest mountain in southern Africa, and the Maluti.
		Lesotho regained independence in 1966, and functioned as a multi-party democracy from independence until 1986, when a military regime took power.
	us-africa.tripod.com /leseto.html (990 words)

	An MBendi Profile: Lesotho - Overview (Site not responding. Last check: 2007-09-20)
		Lesotho is a landlocked independent republic with a democratic government situated within the borders of South Africa and forms part of the Southern African region.
		The Lesotho oil industry is one of the key elements in the economy of the country.
		Lesotho is a member of the Southern Africa Customs Union with Botswana, South Africa, Namibia and Swaziland, and there are generally no import restrictions on goods moving between the five countries and imports from countries outside the SACU are usually licensed in conformity with South Africa's import regulations.
	mbendi.co.za /ernsty/cyleeyip.htm (691 words)

	Lesotho (10/05)
		Lesotho maintains an embassy in the United States at 2511 Massachusetts Avenue NW, Washington, DC 20008 (tel: 202-797-5533).
		Lesotho's mission to the United Nations is located at 204 East 39th Street, New York, NY 10016 (tel: 212-661-1690).
		Lesotho is a member of the Southern African Customs Union (SACU) in which tariffs have been eliminated on the trade of goods with other member countries, which include Botswana, Namibia, South Africa, and Swaziland.
	www.state.gov /r/pa/ei/bgn/2831.htm (2824 words)

	Business Report - Political crisis pummels Lesotho's economy (Site not responding. Last check: 2007-09-20)
		In short, although Lesotho remains extremely poor (a per capita income of just 2 300 maloti in 1996), and although over 70 percent of its people are defined as poor or very poor, the economy's achievements have not been wholly inconsiderable given the unpromising base.
		Lesotho's economy simply is not capable of absorbing the direct cost of the damage.
		Lesotho seems destined to move from labour reserve to dumping ground - a dormitory economy for the old, the unemployed and a political class funded largely by transfer payments (through Sacu and the Highlands Water Project) from South Africa.
	www.mywealth.co.za /index.php?fSectionId=553&fArticleId=60832 (1401 words)

	Lesotho
		Lesotho (formerly Basutoland) was constituted a native state under British protection by a treaty signed with the native chief Moshoeshoe in 1843.
		Lesotho faces one of the highest rates of HIV infection in the world, leading some demographers to predict that the country's population will begin declining in several years if current trends continue.
		Lesotho: Economy - Economy All land in Lesotho is held by the king in trust for the Sotho nation and is apportioned on...
	www.infoplease.com /ipa/A0107714.html (662 words)

	Lesotho -> Economy on Encyclopedia.com 2002 (Site not responding. Last check: 2007-09-20)
		The Lesotho Highlands water scheme, a six-dam project scheduled to be completed in 2015, already provides water and hydroelectricity for Lesotho and South Africa.
		Lesotho and the new South Africa: the question of incorporation.
		The late Quaternary landscape at Sehonghong in the Lesotho highlands, southern Africa.
	www.encyclopedia.com /html/section/Lesotho_Economy.asp (625 words)

	Lesotho - Economy
		Small, landlocked, and mountainous, Lesotho relies on remittances from miners employed in South Africa and customs duties from the Southern Africa Customs Union for the majority of government revenue, but the government has strengthened its tax system to reduce dependency on customs duties.
		The economy is still primarily based on subsistence agriculture, especially livestock, although drought has decreased agricultural activity.
		Lesotho has signed an Interim Poverty Reduction and Growth Facility with the IMF.
	www.exxun.com /Lesotho/e_ec.html (551 words)

	Economy (from Lesotho) -- Britannica Student Encyclopedia
		This reduction is known as economy of scale.
		The small southern African kingdom of Lesotho is completely surrounded by the Republic of South Africa, though separated from it by formidable mountains.
		In the years preceding the dissolution of the union in 1991, the economy of Russia and the union as a whole was in decline.
	www.britannica.com /ebi/article-203775?tocId=203775 (815 words)

	afrol News - Lesotho economy grows as crisis worsens
		The latest review of Lesotho's economy by the International Monetary Fund (IMF), released today, is in stark contrast to the picture normally painted of the small Southern African kingdom.
		In Lesotho's "quest to raise economic growth, reduce poverty, and improve social conditions," the main challenges include increasing competition in the textile sector, a decline in miners' remittances from South Africa, the fragile food situation, and the HIV/AIDS pandemic, according to Mr Kato.
		According to the IMF's Mr Kato, the answer to Lesotho's increasing poverty problem is sticking to the pro-growth policy that "has made commendable progress." Maseru authorities were therefore expected to "implement an agenda of structural reform" as prescribed by the Fund.
	www.afrol.com /articles/13931 (784 words)

	Lesotho - Background
		Lesotho is highly dependent on the health of the South Africa economy.
		Lesotho's mineral resources are meagre, but the country's mountain water resources are its most valuable natural asset.
		Lesotho's political stability has been adversely affected by authoritarian rule from 1970 to 1986, followed by the problems of dissidents within the army and friction between the army and the government in the 1990s.
	www.uneca.org /aisi/nici/country_profiles/lesotho/lesab.htm (259 words)

	Job creation and enterprise development - Employment Sector
		We can estimate the effect of remittances on the local economy if we assume that the propensity to import from remittances sent back by migrant workers is approximatively equal to the propensity to import of the total of the population.
		The Deferred Pay Scheme in Lesotho was set up in 1974 "to ensure that a higher percentage of money paid to Basotho mineworkers was invested/utilized in the domestic economy as against a prior situation whereby the opposite was seen as the case" (Ministry of Employment and Labour 1995b).
		Lesotho Bank can thus attempt to retain miners as clients even when their contracts are over, and miners can keep their money in their account if they consider this convenient.
	www.ilo.org /public/english/employment/ent/papers/wpap16.htm (4967 words)

	Small ruminants in the household economy of Lesotho: Towards a dynamic functional perspective - Le rôle des petits ... (Site not responding. Last check: 2007-09-20)
		In Lesotho, Merino sheep and Angora goats are kept primarily for their wool and mohair (Hunter, 1987).
		As the economy is well integrated into the southern African cash economy, a household's ability to earn cash is a major determinant of its welfare.
		For 1700 adult ewes selected on random days during the shearing season at woolsheds throughout Lesotho, live weight was 29.3 kg, greasy wool yield was 2.28 kg with 52% clean yield, and staple length and diameter were 61.8 mm and 19.7 microns.
	www.ilri.cgiar.org /InfoServ/Webpub/Fulldocs/AnGenResCD/docs/X5489B/x5489b0b.htm (3898 words)

	Economy Of Lesotho (Site not responding. Last check: 2007-09-20)
		If you would like to use this flag of Lesotho or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
		If you would like to use this map of Lesotho or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
		If you would like to use this information for Lesotho or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
	www.appliedlanguage.com /country_guides/lesotho_country_economy.shtml (459 words)

	Atlas - Lesotho Map (Site not responding. Last check: 2007-09-20)
		The contradictions created by Lesotho's political freedom and economic dependence are reflected in the cultural life of the nation.
		The Lesotho Congress for Democracy (LCD) controls a majority in the National Assembly, with the Basotho National Party (BNP), Lesotho Peoples Congress, and the National Independent Party, among the 9 opposition parties described.
		The population of Lesotho (2001 estimate) is 2,177,062.
	www.map.freegk.com /lesotho/lesotho.php (1696 words)

	New trade regime threatens economy (Site not responding. Last check: 2007-09-20)
		Deputy general-secretary of the Lesotho Clothing and Allied Workers Union, B. Shaw Lebakae, told IRIN that the end of quotas for cheap imports to the United States from Asian countries would cause more foreign factory owners, originally from Asia, to reconsider the location of their businesses.
		Although Lesotho still enjoys duty-free access to the US market under the Africa Growth and Opportunity Act (AGOA), goods manufactured in countries like Lesotho will probably be more expensive for US importers than goods from countries like China, which are able to achieve superior economies of scale, Labakae added.
		The government of Lesotho has offered various incentives to foreign investors in the textile sector, and authorities are to address the latest closures soon, an official of the Lesotho National Development Corporation told IRIN.
	www.irinnews.org /print.asp?ReportID=45051 (678 words)

	The economy (from Lesotho) -- Encyclopædia Britannica
		Lesotho is a poor country, and its few natural resources are insufficient for even the present population.
		Its economy could not be sustained at all without the benefits it derives from South Africa, with which…
		By the end of the year, it posed a direct threat to the U.S. economy, which was...
	www.britannica.com /eb/article-43922?tocId=43922 (807 words)

	1Up Travel > Lesotho > Travel & Tourism \| Tourist Guide to Lesotho
		Basutoland was renamed the Kingdom of Lesotho upon independence from the UK in 1966.
		Government and Politics in Lesotho - Profiles the country name, government type, administrative divisions, independence, national holiday, constitution, legal system, suffrage, executive, legislative, and judicial branches, political parties and leaders, and a flag description of Lesotho.
		Economy of Lesotho - Study the GDP, growth rate, per capita, inflation, labor, budget, industries, exports, imports, currency, exchange rates, and economy of Lesotho
	www.1uptravel.com /international/africa/lesotho (384 words)

	LESOTHO - Textile News & Events of the Industry - Bharattextile.com
		Lesotho's textile unions called on their workers on Aug 1 to accept a wage deal as the industry faces near collapse in the face of Asian competition that has already cost 10,000 jobs...
		Lesotho's textile unions threatened on July 21 to strike after wage talks with the industry hit hard by Chinese competition deadlocked...
		Lesotho, a small mountain kingdom in southern Africa, stands to lose one quarter of its economy after an overnight change in textile trading rules.....
	www.bharattextile.com /news/bycountry/LESOTHO (218 words)

	afrol News - Economic growth despite drought in Lesotho
		afrol News, 17 June - The economy of Lesotho continues to perform well despite the stresses caused by a serious drought, according to the newest assessment by the IMF.
		Establishment of the Lesotho Revenue Authority and the upcoming introduction of a value-added tax were to "bolster the efficiency and transparency of revenue collections and help to address budget pressures." In the period ahead, administration of the Treasury was therefore to be strengthened.
		Lesotho's three-year Poverty Reduction and Growth Facility (PRGF) arrangement was approved on 9 March 2001 in an amount equivalent to US$ 34.87 million.
	www.afrol.com /articles/12839 (561 words)

	afrol News - Lesotho gets first foreign bank
		While FNB promised that its new banking services would "add capacity to the economy" in Lesotho, PM Mosisili promised that his government was "committed to restoring investor confidence" in the country.
		FNB came into Lesotho at a time when government was committed to, and placed high priority on the creation of a market economy, "in which local and foreign private sector plays a leading role in resource mobilisation, investment and job creation", the PM said.
		The entrance of FNB into Lesotho therefore, was "very significant for government as it is a mark of confidence in the political, economic and financial stability, and the peace that now rein in the country," the statement said.
	www.afrol.com /articles/14644 (661 words)

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