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The Fastest Growing Economy on Earth: Botswana

15 Views· 10/25/22
Omubo Duabo
Omubo Duabo
34 Subscribers
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Botswana is the fastest growing economy in history, But how could that possibly be the case? Why is it so fundamentally better off than all of those that surround it? and Is the miraculous growth just too good to be true?

Miraculously there appears to be a single extraordinary exception to the narrative of poverty in Africa. Straddling the Kalahari Desert in the interior of southern Africa lies the fastest growing economy for the last 50 years. Botswana for all intents and purposes looks identical to its neighbors and this is why in 1965 it was the 7th poorest nation on earth. But over the subsequent decades Botswana has maintained a political structure that's integrity rivals those in Europe, lifted a vast majority of its population from abject poverty, maintained civil and national peace, and invested the revenues of its natural wealth into its future and its people.

--Contents of this video--------------------------------
00:00 - African Economy
01:08 - Botswana Fastest Growing Economy
02:21 - Brief History of Botswana
05:21 - Botswana's Unique Institutions
06:27 - Independence
07:03 - Fastest Growing Economy Ever
08:06 - Seretse khama
09:04 - Diamond Revenue
10:32 - Too Good to be True?

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--Sources used---------------------------------------------
Books:
-Botswana – A Modern Economic History
-Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Scholarly Articles:
-An African success story: Botswana
-The political state and the management of mineral rents in capital-surplus economies: Botswana and Saudi Arabia

--Audio used------------------------------------------------
-Accralate - The Dark Contenent by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Source: http://incompetech.com/music/r....oyalty-free/index.ht
Artist: http://incompetech.com/

-Artifact - The Dark Contenent by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100324
Artist: http://incompetech.com/

#Botswana #FastestGrowingEconomy #Economics #History

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