Botswana and Zimbabwe: Relative Success and Comparative Failure

Guy C. Z. Mhone and Patrick Bond ()

No DP2001-38, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Botswana and Zimbabwe represent two cases of differential access to the world economy. Notwithstanding its lack of diversification and its reliance on a primary mineral export, Botswana has prospered while Zimbabwe has fallen into a deep crisis. Historical and comparative evidence allows us to transcend the superficial presumption common to much policy discourse, namely, that the basis for success depends upon adherence to the 'Washington Consensus' export-oriented strategy, or to good governance, or even to geographical considerations.

Keywords: Economic growth; Globalization; International agencies; Macroeconomics; Natural resources (search for similar items in EconPapers)
Date: 2001
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