Did Botswana Escape from the Resource Curse?¶
Iimi, A. (2006). Did Botswana Escape from the Resource Curse?.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Paradox of Plenty (Resource Curse)
- Instead Botswana negotiated a 50/50 revenue-sharing partnership with De Beers (Debswana), channeled diamond revenue through prudent fiscal institutions including the Pula Fund (a sovereign-wealth fund) and a "Sustainable Budget Index" that ring-fenced resource revenue for investment rather than recurrent consumption, and sustained one of the world's fastest growth rates for decades with comparatively strong governance
This sourceIimi's IMF study carries the Debswana arrangement - the government of Botswana and De Beers holding equal shares, contract renewed in September 2004 - and the finding that governance quality is what determines whether resource wealth converts into growth, Botswana being the region's outlier; the Pula Fund and Sustainable Budget Index are not part of what it establishes.
- Instead Botswana negotiated a 50/50 revenue-sharing partnership with De Beers (Debswana), channeled diamond revenue through prudent fiscal institutions including the Pula Fund (a sovereign-wealth fund) and a "Sustainable Budget Index" that ring-fenced resource revenue for investment rather than recurrent consumption, and sustained one of the world's fastest growth rates for decades with comparatively strong governance
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