Why Botswana ProsperedWhile most of Africa has been described as a political and economic disaster zone, Botswana stands out as a democracy that has achieved rapid economic growth for more than three decades. Clark Leith traces the evolution of Botswana's economic policies and democratic political systems And The forces that have shaped them since the country achieved independence in 1966. Leith shows that other African nations endowed with resources failed to stimulate growth but Botswana prospered because of a democratic political system and economic interests that were anchored in tradition, tempered by leadership, and shaped by growing institutions. |
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Accounts of Botswana agricultural allocation areas balance Bamangwato Bank of Botswana BDP's Bechuanaland Protectorate Botswana Central Statistics Botswana government BOTSWANA PROSPERED Botswana's democracy Botswana's growth British capital cattle census central bank Central Statistics Office Chapter commercial banks countries customs union DeBeers democratic deposits Development Plan diamond dominant early economic growth effective elections elite employment ethnic evolution exchange rate exports Figure fiscal foreign exchange reserves foreign investor Fund Gaborone government expenditure government revenue government's growth rate growth-promoting important incentives income Independence inflation initial inputs International International Monetary Fund investment kgotla labour force land boards leadership lending loans macroeconomic major ment National Accounts National Development non-Tswana output political population post-Independence potential problem pula rand rapid growth regime rural sector Seretse Khama share society SOES Source South Africa state-owned enterprises substantial tion traditional tribal territory Tswana Tswana chiefs urban World Bank