Botswana: Adjustment to Wealth

Abstract

The adjustment process in Africa (or anywhere else) is generally regarded as something that has to be gone through in response to misfortune-a fall in export earnings, a rise in interest rates on borrowed money, loss of markets, failure of crops or any other of the multitude of misfortunes that can befall humanity or be brought about by lack of foresight or mismanagement of an economy. Botswana, too, has its share of setbacks but the adjustment process in that country is of a different character from that of most others and is more concerned with adjustment to smiling fortune than the adversities to which it too can be prone.¹