Botswana has had the highest rate of per-capita growth of any country in the world in the last 35 years. This occurred despite adverse initial conditions, including minimal investment during the colonial period and high inequality. Botswana achieved this rapid development by following orthodox economic policies. How Botswana sustained these policies is a puzzle because typically in Africa, "good economics" has proved not to be politically feasible. In this paper we suggest that good policies were chosen in Botswana because good institutions, which we refer to as institutions of private property, were in place.
Why did institutions of private property arise in Botswana, but not other African nations? We conjecture that the following factors were important. First Botswana possessed relatively inclusive pre-colonial institutions, placing constraints on political elites. Second the effect of British colonialism on Botswana was minimal, and did not destroy these institutions. Third, following independence, maintaining and strengthening institutions of private property were in the economic interests of the elite. Fourth, Botswana is very rich in diamonds, which created enough rents that no groups wanted to challenge the status quo at the expenses of "rocking the boat." Finally we emphasize that this situation was reinforced by a number of critical decisions made by the post-independence leaders, particularly Presidents Khama, and Masire.
Botswana should be a rule model for somalia
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- *Nobleman*
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Re: Botswana should be a rule model for somalia
I reckon somalia will surpass botswana inshallah. I beleive the last 20 years will be seen a bleak period of somalia history. once peace comes, prosperity will follow inshallah and all deviant folk that dont want peace will be marglinised.
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Cardiff Girl
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Re: Botswana should be a rule model for somalia
Economic wise only.
- sheekh-Farax-zero
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Re: Botswana should be a rule model for somalia
Botswana is a rule model for entire Africa
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Cardiff Girl
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Re: Botswana should be a rule model for somalia
Aids kill Botswanian they will vanish in 10 years
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Cardiff Girl
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Re: Botswana should be a rule model for somalia
In an address to the UN assembly in June 2001, President Festus Mogae summed up the situation by saying:
"We are threatened with extinction. People are dying in chillingly high numbers. It is a crisis of the first magnitude
"We are threatened with extinction. People are dying in chillingly high numbers. It is a crisis of the first magnitude
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