Highlights lessons from Botswana's economic history that are relevant for understanding historical as well as contemporary experiences of economic growth and (lacking) structural transformation in natural resource abundant and dependent countries
Provides an in-depth study identifying drivers of inequality taking place during the diamond-led economy
Considers consequences of colonial economic strategies including taxes and government transfers
Discusses what could happen when the diamonds run out and the window of opportunity has not been used to create sustainable economic development

Autorentext

Ellen Hillbom is an Associate Professor at the Department of Economic History, Lund University, Sweden. Her research focuses on Southern and Eastern Africa and addresses both historical and contemporary cases of agricultural and structural transformation, long-term inequality trends, natural resource dependency, property rights regimes governing agricultural resources, and smallholder production and commercialization.

Jutta Bolt is an Associate Professor at the Department of Economic History, Lund University, Sweden and affiliated with the University of Groningen, the Netherlands. Her research focuses on understanding long-term comparative economic development patterns, with a special focus on Africa. Current research projects include demographic developments, long-term agricultural productivity and the historical origins of present-day income inequality. In addition she works in the Maddison Project measuring long-run global economic development.

Klappentext

Many people have tried to draw lessons from Botswana's apparent economic success, and linked it to unique features of the country's history. In this book, Bolt and Hillbom have used detailed historical research to tell the story of that success, and suggest that it is perhaps not

so unique after all. At the same time, they have shown how detailed case studies can contribute

to a more nuanced and complete understanding of African economic development since the

nineteenth century. Leigh Gardner , London School of Economics and Political Science, UK

With their construction of long-term income inequality trends Hillbom and Bolt provide new and interesting evidence demonstrating that the gap between rich and poor, so evident in

Botswana today, first began to show up in the 1940s.

Neil Parsons , University of Botswana

Together with Mauritius, Botswana is often categorizedas one of two growth miracles in sub-Saharan Africa. Due to its spectacular long-run economic performance and impressive

social development, it has been termed both an economic success story and a developmental

state. While there is uniqueness in the Botswana experience, several aspects of the country's opportunities and challenges are of a more general nature. Throughout its history, Botswana has been both blessed and hindered by its natural resource abundance and dependency, which have

influenced growth periods, opportunities for economic diversification, strategies for sustainable

economic and social development, and the distribution of incomes and opportunities. Through a political economy framework, Hillbom and Bolt provide an updated understanding of an African success story.

Ellen Hillbom is an Associate Professor at the Department of Economic History, Lund University, Sweden.

Jutta Bolt is an Associate Professor at the Department of Economic History, Lund University,

Sweden and affiliated with the University of Groningen, the Netherlands.

Inhalt
Part I.- Chapter 1: An African Diamond in the Rough.- Chapter 2: Pre-Colonial Economy and Society, c. 1850-1930.- Part II.- Chapter 3: Colonial Policies and the Cattle Economy, c. 1930-1975.- Part III.- Chapter 4: Growth, Incomes and Development, c. 1940-Present.- Chapter 5: Trapped by Diamonds, c. 1975-Present.- Chapter 6: Inequality of Incomes and Opportunity, c. 1920-Present.- Part IV.- Chapter 7: Conclusion.