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Botswana – A Modern Economic History : an African diamond in the rough

Hillbom, Ellen LU orcid and Bolt, Jutta LU (2018) In Palgrave Studies in Economic History
Abstract
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... (More)
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. (Less)
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author
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publishing date
type
Book/Report
publication status
published
subject
in
Palgrave Studies in Economic History
pages
235 pages
publisher
Springer International Publishing
ISBN
978-3-319-73143-8
978-3-319-73144-5
project
Growing more unequal? Long term trends in inequality in Africa
language
English
LU publication?
yes
id
765311fe-ad1e-4b04-ae21-37c1f9ac5fbb
date added to LUP
2018-11-30 16:22:42
date last changed
2018-12-07 15:10:12
@book{765311fe-ad1e-4b04-ae21-37c1f9ac5fbb,
  abstract     = {{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.<br/><br/>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       = {{Hillbom, Ellen and Bolt, Jutta}},
  isbn         = {{978-3-319-73143-8}},
  language     = {{eng}},
  publisher    = {{Springer International Publishing}},
  series       = {{Palgrave Studies in Economic History}},
  title        = {{Botswana – A Modern Economic History : an African diamond in the rough}},
  year         = {{2018}},
}