Policy and Institutional Dynamics of Sustained Development in Botswana

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dc.creatorMaipose, Gervase S.
dc.date2017-08-28T20:05:00Z
dc.date2017-08-28T20:05:00Z
dc.date2008
dc.date.accessioned2026-07-01T00:59:52Z
dc.descriptionBotswana represents one of the few development success stories in Sub-Saharan Africa. Real Gross Domestic Product (GDP) growth averaged almost 9 percent between 1960 and 2005, far above the Sub-Saharan Africa average. Real GDP per capita grew even faster, averaging more than 10 percent a year -- the most rapid economic growth of any country in the world. The crucial question is: Why has Botswana grown the way it has done, and what lessons does it offer? This evidence-based story is an account of policy and institutional dynamics of sustained growth and development in Botswana -- illuminating the role of leadership. It shows how a secure political elite has pursued growth-promoting policies and developed, modified, and maintained viable inherited traditional and modern institutions of political, economic, and legal restraint. These institutions have remained robust in the face of initial large aid inflows and spectacular mineral rents, producing a growth pattern that has been both rapid and cautious. The nature of the Botswana developmental state is illustrated by the way in which the state mobilized development resources-especially savings, investment, and human resources, widely known as the primary drivers of economic growth, and prudently managed the economy without becoming excessively involved in the nuts. It demonstrates that through intentional policy choices and countercyclical instruments, countries can shift from aid-dependent to trade-led natural resource development (though probably with narrow-based growth), to a broader development strategy as long as the state is capable and operates within effective institutional design. Botswana's story is sterling example of how the critical issue in development is not so much access to resources but how resources are managed.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/364701468330906042/Policy-and-institutional-dynamics-of-sustained-development-in-Botswana
dc.identifierhttps://hdl.handle.net/10986/28032
dc.identifierhttps://doi.org/10.1596/28032
dc.identifier.urihttp://hdl.handle.net/123456789/414026
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationCommission on Growth and Development Working Paper;No. 35
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectADVERSE CONSEQUENCES
dc.subjectAGRICULTURE
dc.subjectAPARTHEID
dc.subjectARREARS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectBUDGET SURPLUS
dc.subjectBUDGET SURPLUSES
dc.subjectBUDGETING
dc.subjectCAPITAL ASSET
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOW
dc.subjectCAPITAL STOCK
dc.subjectCASH BALANCES
dc.subjectCHECKS
dc.subjectCLEAN WATER
dc.subjectCOLONIALISM
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCREDIBILITY
dc.subjectCREDIT RATINGS
dc.subjectCURRENCY
dc.subjectCUSTOMS UNION
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT CRISES
dc.subjectDEBT INTEREST
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICING
dc.subjectDECISION MAKING
dc.subjectDEFICIT FINANCING
dc.subjectDEMOCRACY
dc.subjectDEMOCRATIC INSTITUTIONS
dc.subjectDEMOGRAPHIC
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT AGENCY
dc.subjectDEVELOPMENT PATH
dc.subjectDEVELOPMENT POLICIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIVIDENDS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DOWNTURN
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LIBERALIZATION
dc.subjectECONOMIC PERFORMANCE
dc.subjectENABLING ENVIRONMENT
dc.subjectEQUIPMENT
dc.subjectEQUITY FINANCING
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE SYSTEM
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT MARKET
dc.subjectEXPORTS
dc.subjectEXTERNAL FUNDING
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL RETURNS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICIES
dc.subjectFIXED CAPITAL
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFORECASTS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN GOVERNMENTS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN INVESTORS
dc.subjectFREE TRADE
dc.subjectGDP PER CAPITA
dc.subjectGNP
dc.subjectGNP PER CAPITA
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE PRACTICES
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET DEFICITS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SAVINGS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT GROWTH
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOUSEHOLD SAVINGS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCES
dc.subjectINDEPENDENT JUDICIARY
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFLATIONARY SPIRAL
dc.subjectINHERITANCE
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CREDIT
dc.subjectINTERNATIONAL CREDIT RATINGS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMY
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT SPENDING
dc.subjectISSUANCE
dc.subjectJOINT VENTURE
dc.subjectLAND POLICIES
dc.subjectLANDOWNERS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDER
dc.subjectLIFE EXPECTANCY
dc.subjectLOAN
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMARKET PRICES
dc.subjectMICROENTERPRISES
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectNATIONAL CREDIT
dc.subjectNATURAL ENDOWMENTS
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectOPEN ECONOMIES
dc.subjectOUTPUT
dc.subjectOUTPUT RATIO
dc.subjectOUTSOURCING
dc.subjectPER CAPITA INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL SYSTEM
dc.subjectPRICE INCREASES
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL INFLOWS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVE ASSETS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SAVINGS
dc.subjectPUBLIC SPENDING
dc.subjectRAPID DEVELOPMENT
dc.subjectRAPID ECONOMIC GROWTH
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectRATE OF RETURN
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL GROSS DOMESTIC PRODUCT
dc.subjectREAL INCOME
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECURRENT EXPENDITURE
dc.subjectRECURRENT EXPENDITURES
dc.subjectREGIONAL INTEGRATION
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRENEGOTIATION
dc.subjectREPUTATION
dc.subjectRESERVE
dc.subjectRESERVE FUNDS
dc.subjectRESERVES
dc.subjectRETURNS
dc.subjectRISK SHARING
dc.subjectRULE OF LAW
dc.subjectSAVINGS
dc.subjectSAVINGS RATE
dc.subjectSAVINGS RATIO
dc.subjectSEED CAPITAL
dc.subjectSHAREHOLDER
dc.subjectSTATISTICAL ANALYSES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX INCENTIVES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRACK RECORD
dc.subjectTRADE UNIONS
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectURBANIZATION
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORLD MARKET
dc.titlePolicy and Institutional Dynamics of Sustained Development in Botswana
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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