24 lines
1.1 KiB
Markdown
24 lines
1.1 KiB
Markdown
**Botswana** is a [liberal](Liberalism "wikilink")
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[capitalist](Capitalism "wikilink") [state](List_of_States "wikilink")
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in Southern Africa, bordered by South Africa, Namibia, Angola, Zambia
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and Zimbabwe.
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## History
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### Independence
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Following Indepedence, Botswana was in dire straits. The country was
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considered the third poorest in the world with a GDP per capita of $75 a
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year. There were only 12 kilometres of paved road. In addition, great
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natural resouces wealth (in the form of diamonds) had just been
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discovered
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When the British left, there were 12 kilometers of paved road, 22
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Batswana who had graduated from University and 100 from secondary
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school.2Botswana is a predominantly tropical, landlocked country (which
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many economists see as a disadvantage, e.g., Bloom and Sachs, 1998). It
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is true that diamonds have been important for growth in Botswana, and
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currently account for around 40 percent of the country's output. Yet, in
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many other countries, natural resource abundance appears to be a curse
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rather than a blessing (e.g., Sachs and Warner, 1995). So how did
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Botswana do it? |