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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Diamonds or development? A structural assessment of Botswana's forty years of success
Author:Hillbom, EllenISNI
Year:2008
Periodical:Journal of Modern African Studies
Volume:46
Issue:2
Pages:191-214
Language:English
Geographic term:Botswana
Subjects:economic development
income distribution
External link:https://www.jstor.org/stable/30225921
Abstract:Due to its four decades of high long-term diamond-led economic growth and democratic system, Botswana has been depicted as an exceptional success story in a region full of economic and political failures. This article analyses Botswana's economic performance, not from the viewpoint of stability and growth, but from that of structural change and development. It argues that Botswana's success should be understood as one of premodern growth without development. It claims that although the country may be a growth miracle, it has not yet experienced 'modern economic growth', characterized by structural change in patterns of production as well as in social and political institutions. The analysis offers an explanation for the duality of Botswana's economy and society, since premodern growth, as opposed to development, allows for significant poverty rates and extremely unequal resource and income distribution to prevail in the midst of plenty. Bibliogr., note, sum. [Journal abstract]
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