"Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana

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dc.contributor.advisorBlack, Anthonyen_ZA
dc.contributor.authorModungwa, Bameen_ZA
dc.date.accessioned2018-05-07T14:19:51Z
dc.date.available2018-05-07T14:19:51Z
dc.date.issued2018en_ZA
dc.description.abstractBotswana is known as Africa's growth miracle, having transformed from one of the poorest countries in the world at independence, into a middle-income economy in a short period of time. The country's success has been reliant on high revenues accrued from its diamond mining industry, however, government expects diamond production to decline rapidly in the next 10 - 15 years. Diamond depletion presents a threat to Botswana's economic growth, development and macroeconomic stability, which has created the urgent need for economic diversification to be realised in the near future. This dissertation explores the concept and theory behind economic diversification for resource abundant countries. Country cases are reviewed alongside the literature on economic diversification, in order to build an analytical framework on economic diversification for mineral-rich economies. The drivers of diversification are classified under three themes: the enabling environment approach, the interventionist approach and the sector-driven approach. Botswana's efforts to diversify are evaluated against these themes, highlighting the prospects and barriers to success. The dissertation concludes that the quest for economic diversification is not an easy one, particularly in countries such as Botswana with single-resource dependence. Moreover, in order for Botswana to succeed, it will require a policy mix incorporating aspects of the three themes. The government of Botswana (GoB) must ensure that they develop an enabling environment to incentivise increased export development; they should invest in physical and human capital in order to facilitate private sector growth, and they should set policies and targets to support sectors that show potential to become internationally competitive.en_ZA
dc.identifier.apacitationModungwa, B. (2018). <i>"Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/27978en_ZA
dc.identifier.chicagocitationModungwa, Bame. <i>""Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2018. http://hdl.handle.net/11427/27978en_ZA
dc.identifier.citationModungwa, B. 2018. "Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Modungwa, Bame AB - Botswana is known as Africa's growth miracle, having transformed from one of the poorest countries in the world at independence, into a middle-income economy in a short period of time. The country's success has been reliant on high revenues accrued from its diamond mining industry, however, government expects diamond production to decline rapidly in the next 10 - 15 years. Diamond depletion presents a threat to Botswana's economic growth, development and macroeconomic stability, which has created the urgent need for economic diversification to be realised in the near future. This dissertation explores the concept and theory behind economic diversification for resource abundant countries. Country cases are reviewed alongside the literature on economic diversification, in order to build an analytical framework on economic diversification for mineral-rich economies. The drivers of diversification are classified under three themes: the enabling environment approach, the interventionist approach and the sector-driven approach. Botswana's efforts to diversify are evaluated against these themes, highlighting the prospects and barriers to success. The dissertation concludes that the quest for economic diversification is not an easy one, particularly in countries such as Botswana with single-resource dependence. Moreover, in order for Botswana to succeed, it will require a policy mix incorporating aspects of the three themes. The government of Botswana (GoB) must ensure that they develop an enabling environment to incentivise increased export development; they should invest in physical and human capital in order to facilitate private sector growth, and they should set policies and targets to support sectors that show potential to become internationally competitive. DA - 2018 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2018 T1 - "Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana TI - "Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana UR - http://hdl.handle.net/11427/27978 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/27978
dc.identifier.vancouvercitationModungwa B. "Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswana. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2018 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/27978en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomic Developmenten_ZA
dc.title"Beyond the Sparkle" : diversification of mineral-rich economies: The case of Botswanaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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