



Case Study: Botswana: a diamond in the rough
Title
Botswana: a diamond in the rough
Author
Alfaro, L; Spar, D; Dev, V; Alibhoy, F
Pages
24
Product Type
Reference #
9-703-027
Teaching Note
5-703-036
Institute
Setting
Africa
Year
2003
Keywords
Business government relations; Developing countries; Economic development; Foreign investment
Summary/
Abstract
Abstract
n the years since independence, tiny, landlocked Botswana has gone from being one of the world's poorest nations to becoming a stable, prosperous state, blessed with the highest sustained growth rate in the world. This case highlights the role that foreign direct investment (FDI) has played in this success, as well as how strong local institutions have helped to harness the benefits that the foreign investor - here, the giant De Beers company - has brought. Also, examines how Botswana was able to avoid the natural resource curse that has haunted so many other resource-abundant countries






