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Author: Charles Andrew Barclay Publisher: ISBN: Category : Botswana Languages : en Pages : 168
Book Description
At independence in 1966, Botswana was one of the poorest countries in the world, dependent on foreign assistance and poor grade cattle for economic growth. However, following the discovery of diamonds in 1967 the country has radically changed. The purpose of this paper is to explain some of the reasons why beyond simply the discovery of diamonds, Botswana was economically successful following 1966. The first reason Botswana's economy was successful is because of their specific history and location. The second factor to be explored is leadership, specifically the role that Seretse Khama played in encouraging the economic success of Botswana. Luck and institutions were also very important in Botswana's economic success. As a resource rich economy, Botswana is at risk to contract the 'Dutch disease', but for the most part through prudent policy they have been able to achieve macro-economic stability.
Author: Charles Andrew Barclay Publisher: ISBN: Category : Botswana Languages : en Pages : 168
Book Description
At independence in 1966, Botswana was one of the poorest countries in the world, dependent on foreign assistance and poor grade cattle for economic growth. However, following the discovery of diamonds in 1967 the country has radically changed. The purpose of this paper is to explain some of the reasons why beyond simply the discovery of diamonds, Botswana was economically successful following 1966. The first reason Botswana's economy was successful is because of their specific history and location. The second factor to be explored is leadership, specifically the role that Seretse Khama played in encouraging the economic success of Botswana. Luck and institutions were also very important in Botswana's economic success. As a resource rich economy, Botswana is at risk to contract the 'Dutch disease', but for the most part through prudent policy they have been able to achieve macro-economic stability.
Author: Ellen Hillbom Publisher: Springer ISBN: 3319731440 Category : Business & Economics Languages : en Pages : 244
Book Description
Together with Mauritius, Botswana is often categorized as one of two growth miracles in sub-Saharan Africa. Due to its spectacular long-run economic performance and impressive social development, it has been termed both an economic success story and a developmental state. While there is uniqueness in the Botswana experience, several aspects of the country’s opportunities and challenges are of a more general nature. Throughout its history, Botswana has been both blessed and hindered by its natural resource abundance and dependency, which have influenced growth periods, opportunities for economic diversification, strategies for sustainable economic and social development, and the distribution of incomes and opportunities. Through a political economy framework, Hillbom and Bolt provide an updated understanding of an African success story, covering the period from the mid-19th century, when the Tswana groups settled, to the present day. Understanding the interaction over time between geography and factor endowments on the one hand, and the development of economic and political institutions on the other, offers principle lessons from Botswana’s experience to other natural resource rich developing countries.
Author: Zibo Mmolawa Publisher: ISBN: 9781423537007 Category : Botswana Languages : en Pages : 93
Book Description
This thesis examines the critical factors that contributed to Botswana's economy moving from being among the poorest in the world to be among the fastest growing economies in the world. The study was conducted by comparing Botswana's policies to those of other African countries. Unlike most former British African colonies, when Botswana became independent in 1966 it had no infrastructure in place. African countries, save for Botswana, have rarely had sustained economic growth during their independence era. The methodology used in this thesis consisted of an analytical assessment of literature and critical synthesis of a model of economic growth relevant to Botswana. Throughout the research the focus is on how Botswana has differed from other African countries in approaching its economic development. The study found that because of political stability, sound management of the country's resources, timely changes to economic policies and appreciation of foreign aid Botswana was able to perform better than most African countries.
Author: Christopher King Publisher: GRIN Verlag ISBN: 3656510997 Category : Political Science Languages : en Pages : 10
Book Description
Essay from the year 2013 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,0, Indiana University (Department of Political Science), course: Politics of International Development, language: English, abstract: Botswana is a landlocked country in southern Africa with a population of about 2 million people. It used to be one of the poorest countries in Africa, but after it gained independence from the United Kingdom in 1966, it went on a transformation to a middle-income country with a per capita GDP of $16,800 in 2012 (cf. Central Intelligence Agency 2013). Today, Botswana is a multi-ethnic and multi-party representative democracy with “inclusive institutions” and the least corrupt country in Sub-Saharan Africa (cf. Transparency International 2012). It is ranked by Freedom House as “Free” and has a very high HIV rate of 24.8%. Botswana has been framed as an exceptional economic success story in Africa and the following essay will explore whether institutions are the only cause of Botswana’s economic success and if Botswana is experiencing modern economic growth.
Author: David Sebudubudu Publisher: Nordic Africa Institute ISBN: 9789171066954 Category : Political Science Languages : en Pages : 50
Book Description
The Discussion Paper provides insightful explanations for Botswana's emergence as one of Africa's developmental success stories. It underscores the role of the ruling elite coalition in shaping the particular kind of politics, inclusive policies, consensus, partnerships and vision that have contributed to the emergence of Botswana as a democratic developmental state. This is an important paper that should be read by all those keen to understand how Botswana has managed to avoid the 'natural resource curse' and stand out as a model of democratic stability and sustained economic growth in Africa.
Author: Mpho Bosupeng Publisher: GRIN Verlag ISBN: 3656960399 Category : Business & Economics Languages : en Pages : 35
Book Description
Scientific Study from the year 2015 in the subject Business economics - Miscellaneous, University of Botswana, course: Macroeconomics, language: English, abstract: Previous studies on economic growth have shown that countries that relied on exports to propel their economies have been successful in achieving robust economic growth. This study considers Botswana’s mineral exports production from 2003 Q1 to 2012 Q4 and relates each export commodity with the GDP. This study applies the Johansen co-integration test and the Granger causality test to determine the applicability of the export-led growth hypothesis for the Botswana economy. The co-integration test shows that there is long run co-movement between GDP and four of Botswana’s mineral exports namely: matte; diamonds; copper; nickel and soda ash. In addition, the Granger causality test shows that Botswana’s economy propels exports production. From these results, the study nullifies the export-led growth hypothesis and postulates that the Botswana economy rather follows the growth-driven exports hypothesis (GDE). The study further postulates recommendations and also potential areas of research.
Author: Robert J. Barro Publisher: MIT Press ISBN: 9780262522540 Category : Business & Economics Languages : en Pages : 164
Book Description
Summarizes recent research from hundreds of empirical studies on economic growth across countries that have highlighted the correlation between growth and a variety of variables.
Author: Charles Andrew Barclay
Author: Charles Andrew Barclay
Author: Ellen Hillbom
Author: James Clark Leith
Author: Zibo Mmolawa
Author: Christopher King
Author: Charles Harvey (M.A.)
Author: David Sebudubudu
Author: Mpho Bosupeng
Author: Robert J. Barro
Author: Seymour Patterson