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CATTLE, DIAMONDS AND INSTITUTIONS: MAIN DRIVERS OF BOTSWANA'S ECONOMIC DEVELOPMENT, 1850 TO PRESENT
Author(s) -
Hillbom Ellen
Publication year - 2014
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.2957
Subject(s) - colonialism , order (exchange) , politics , independence (probability theory) , value (mathematics) , economics , development economics , political science , political economy , law , finance , statistics , mathematics , machine learning , computer science
This study investigates the role of political as well as economic institutions, factor endowments and geography as main drivers of change in Botswana's long‐term economic development, from 1850 to the present. The claim that we need to embrace multi‐causal explanations giving equal explanatory value to all mentioned potential drivers is made. Further, in order not to compress history, we should give equal attention to the pre‐colonial, colonial and post‐independence eras. The study leads by example and provides a thorough analysis that enriches our understanding of the country's past and present. Copyright © 2013 John Wiley & Sons, Ltd.