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Fall 2007

ISSN 0890-913X

Volume 23, Number 1

Categories: Economics | Fall 2007

Limited Government and Economic Growth in Botswana

Scott A. Beaulier, Troy University

J. Robert Subrick, James Madison University

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JournalofPrivateEntetprise,VolumeXXIII,Number1,Fall2007LimitedGovernmentandEconomicGrowthinBotswanaScottA.BeaulierBeloitCollegeJ.RobertSubrickJamesMadisonUniversityThe"Africangrowthtragedy"bestdescribestheeconomicexperienceofsub-SaharanAfricasincethe1970s(EasterlyandLevine1997).Inmanycountries,theoveralllevelofincomepercapitahasnotincreasedbeyondthelevelsofincomeatindependence.Corruptionandexcessivegovernmentalinterventionintotheeconomyplaguethesecountries.LikemostAfricancountriesemergingfromcolonialism,Botswanawasanextremelypoornation.UnlikemostotherAfricancountries,Botswanamanagedtoescapeitslowlevelofdevelopmentandprospersinceindependence.Botswanawentfrombeingthethirdpoorestnationintheworldin1965toanupper-middleincomenationtoday.Between1966and1996,itwasthefastestgrowingnationintheworldwithanaverageannualgrowthrateof7.7percent.Unlikeitsfellowsub-Saharancountriesthatchoseanti-capitalist,statistpolicydevelopment,Botswana'sleadersoptedforthepathlesstraveled(atleastinsub-SaharanAfrica)—aneconomicandpoliticalsystembuiltaroundtheruleoflawandvoluntaryexchange.Botswana'spoliticalleaderspursuedpoliciesthatsecuredpropertyrightsandlimitedthegovernment'sroleintheeconomy.Asaresult,thecitizensprospered.Botswana'sprosperitydidnotresultfromchance.Post-coloninlBotswanawasanewlyformednationthatwaslargelycommittedtoanideologyofcosmopolitanism,tolerance,andsmallgovernment.AsaScottA.BeaulierandJ.RobertSubrick52

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Metadata [hide]

Title	Limited Government and Economic Growth in Botswana
Authors/Creators:	Scott A. Beaulier, Troy University J. Robert Subrick, James Madison University
Year:	2007
Volume:	23
Number:	1
Pages:	52 - 66
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Economic development, Standard of living, Africa, Government policy, Welfare state, Taxation, Colonialism

Citation:
Beaulier, Scott A.; Subrick, J. Robert / 2007. "Limited Government and Economic Growth in Botswana." The Journal of Private Enterprise, 23(1): 52-66.