Botswana’s Economic Growth is Unprecedented
How the country built the fastest-growing economy among developing nations
The continent of Africa has yielded little economic growth in the past half-century. Of the 54 countries within the continent, only have a handful have avoided economic stagnation. Out of that handful, an even smaller number of countries have enjoyed actual economic development.
That is not to say that economic growth has been wholly absent from the continent, of course. Botswana, a landlocked nation that sits to the north of South Africa, has somehow achieved unparalleled economic growth over the past 50 years. The growth provides a glimmer of hope for the continent, providing a story of a nation that has risen to unprecedented economic heights in just a few short decades.
So here’s the million-dollar question: how did Botswana do it?
It’s a simple question, but the answer is more difficult to find. Let’s break it down.
Overview
Since 1966, when the country first gained independence from Great Britain, Botswana has enjoyed rapid growth and unparalleled economic development. Although growth has slowed in recent years and was diminished by the restricting effects of the COVID-19 pandemic, Botswana is still poised for continued growth. This anticipated economic…
