Stable and Constant Growth of Botswana - Case Study Example

Often referred to as the motherland, motherland continent with so much economic potential all of which lies within its natural resources. However, most of these resources are often exploited by foreign investors eventually resulting in a situation where the rich get richer and the poor continue impoverishing. Despite all this, there are a few among the numerous African countries that have managed to achieve a rather stable economic and social standing that is quite exemplary in the eyes of other nations. South Africa, Morocco, and Angola are some of the states looked up to within Africa for their economic prowess. Growth and development which is much sought after by every state cannot only be achieved through economic growth and power.

A combination of factors is necessary for achieving development. For this paper focus will be placed upon Botswana as a case study, a Southern African independent state that has experienced stable and constant growth over the years. Lewin (2011) describes Botswana’s economy as one of the most successful in the world, he terms it as remarkable considering that just after staining independence Botswana was not seen as a powerful state. Conclusion Despite its limitations as a sparsely populated, landlocked country with little arid land, Botswana has overcome numerous setbacks and issues to improve its economic state and to stand out as an African country with great potential.

Without focusing only on its economic strength, Botswana is a country that has enjoyed a stable democracy for a long period, political stability is crucial in the development of a state. Numerous states that are considered to be economically wealthy always seem to become victims of ‘the resource curse’ States with resources are prone to abuse of power from leaders and generally bad governance, somehow Botswana has managed to avoid such obstacles probably because of the small population and the homogeneity of the cultures and tribes within the country.

Aside from good policy and good governance, Botswana has also made a major effort to invest in education and to implement ways to curb money laundering which can prove detrimental to a country’s economy. As an African state, it has the prestige of being highly significant in global development. However, despite being quite successful Botswana is slightly disadvantaged considering that it is a fully mineral-based economy and heavily relies upon diamonds. The minerals comprise more than eighty percent of the exports the country makes, Lewin (2011).