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Development Strategies and Poverty Reduction in Botswana

  • Happy Kufigwa Siphambe
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Part of the Developmental Pathways to Poverty Reduction book series (POD)

Abstract

This chapter addresses the economic policies and programmes that have been key drivers to Botswana’s poverty reduction strategy. It analyses whether Botswana has developed good economic policies that are conducive to poverty reduction. This is examined in historical context in terms of whether there have been policy regime changes and how such changes, if any, have impacted on poverty reduction. The central arguments are that Botswana has had an impressive growth anchored on profitable exploitation of diamond mining and good macroeconomic management in terms of fiscal stability, as well as sound monetary and exchange rates, which have also been quite coherent. However, there have been key challenges with respect to economic diversification from diamond mining. Additional challenges have been the relatively high though declining levels of poverty, relatively high levels of unemployment that are skewed towards women and youth, a generally non-pro-poor growth that emanates from the structure of the economy, and high levels of inequalities especially in the latter phase of the country’s development.

Keywords

Foreign Direct Investment Monetary Policy Income Inequality Poverty Reduction Outward Foreign Direct Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© United Nations Research Institute for Social Development 2012

Authors and Affiliations

  • Happy Kufigwa Siphambe

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