Did Botswana Escape from the Resource Curse

  title={Did Botswana Escape from the Resource Curse},
  author={Atsushi Iimi},
Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest cross-country data, this study empirically readdresses the question of whether resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of resource… CONTINUE READING