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An African Diamond in the Rough

In: Botswana – A Modern Economic History

Author

Listed:
  • Ellen Hillbom

    (University of Lund)

  • Jutta Bolt

    (Lund University
    University of Groningen)

Abstract

Botswana has received much attention for the outstanding way it has managed its diamond resources while achieving economic growth and political maturity. In this chapter Hillbom and Bolt briefly present Botswana’s success story while also identifying two main challenges for future inclusive sustainable economic development—the lack of alternative high-productive sectors and high levels of inequality. The authors commit to providing a long-term, comprehensive examination of Botswana’s economic history from 1850 onwards, tracing the roots of both the growth miracle and the development challenges. They describe their three cross-cutting analytical approaches—the decompressing of history, the interplay between geographic preconditions and institutional setup, and the role of the state—and how they contribute to the analysis. Finally, they present the structure of the book.

Suggested Citation

  • Ellen Hillbom & Jutta Bolt, 2018. "An African Diamond in the Rough," Palgrave Studies in Economic History, in: Botswana – A Modern Economic History, chapter 1, pages 3-24, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-73144-5_1
    DOI: 10.1007/978-3-319-73144-5_1
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    Cited by:

    1. Abel Gwaindepi, 2019. "Serving God and Mammon: the ‘minerals-railway complex’ and its effects on colonial public finances in the British Cape Colony, 1810-1910," Working Papers 07/2019, Stellenbosch University, Department of Economics.
    2. Abel Gwaindepi, 2021. "Domestic revenue mobilisation in developing countries: An exploratory analysis of sub‐Saharan Africa and Latin America," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(2), pages 396-421, March.
    3. Barczikay, Tamás & Biedermann, Zsuzsánna & Szalai, László, 2020. "An investigation of a partial Dutch disease in Botswana," Resources Policy, Elsevier, vol. 67(C).
    4. Abel Gwaindepi & Johan Fourie, 2020. "Public Sector Growth in the British Cape Colony: Evidence From New Data on Expenditure and Foreign Debt, 1830‐1910," South African Journal of Economics, Economic Society of South Africa, vol. 88(3), pages 341-367, September.

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