Despite being one of the poorest countries in the world at its independence in 1966, Botswana has grown very quickly since this. Although this is partly due to abundant natural resources (especially diamonds), good policies and strong institutions have played an important role. Most growth, however, has been heavily concentrated in the mining sector while manufacturing's share of GDP has declined modestly despite the government's concerted efforts to promote economic diversification. Macroeconomic instability is perceived as the second most restrictive factor to the investment climate, despite Botswana's reputation for excellent macroeconomic management, modest inflation, and extremely rapid growth. The timing of the survey probably impacted the results, due to a burst of inflation at the time of the survey due to the devaluation of the pula.
Details
-
Document Date
2005/01/01
-
Document Type
Brief
-
Report Number
43816
-
Volume No
1
-
Total Volume(s)
1
-
Country
-
Region
-
Disclosure Date
2010/07/01
-
Disclosure Status
Disclosed
-
Doc Name
Summary of Botswana investment climate assessment
-
Keywords
efficient use of land;investment climate;comparator country;access to land;middle income economy;total factor productivity;skills and education;company tax rate;burden of taxation;abundant natural resource;national health-sector;effective tax rate;preferential tax treatment;investment climate assessment;unit labor costs;access to finance;Tax Administration;business license;middle-income economy;macroeconomic instability;Macroeconomic Management;skill shortage;prevention messages;registration procedure;manufacturing enterprise;working capital;good policy;economic diversification;Informal Economy;retail trade;capital use;heavily dependent;registration status;workers skill;condom distribution;severe burden;private investment;free economy;land allocation;international market;tax environment;land market;natural barrier;labor productivity;government productivity;macroeconomic effect;firm competitiveness;firm-level survey;bank finance;large enterprise;macroeconomic framework;
- See More
Downloads
COMPLETE REPORT
Official version of document (may contain signatures, etc)
- Official PDF
- TXT*
- Total Downloads** :
- Download Stats
-
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
Summary of Botswana investment climate assessment (English). Investment Climate Assessment Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/490581468005714932/Summary-of-Botswana-investment-climate-assessment