Botswana is one of a small group of countries in the contemporary era, virtually the only African country that has sustained rapid economic growth over an extended period. Over the past three decades, Botswana's real per capita income grew by more than 7 percent per annum, which is comparable to rates of growth achieved by countries like Korea and Thailand. Remarkably, this growth, facilitated by mineral wealth, led neither to isolated enclaves nor to profligate spending. Growth continued to be high as a result of structural change within the economy as the growth in the of mining and government sectors slackened. Botswana's record in human development is equally impressive, with one important exception, HIV infection. Major emphasis has been placed on providing basic education and primary health care throughout the country. Primary school enrolment has gone from 66,100 in 1966 to 319,000 in 1995, representing an average compounded growth rate of 5.4 percent per annum. Further, in recent decades, the gender balance has consistently involved greater than 50 percent female enrollment. Meanwhile, secondary school and university enrolment, from a much lower base, both grew at double digit growth rates.
Detalhes
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Data do documento
2000/06/01
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TIpo de documento
Informativo
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No. do relatório
54803
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2010/06/02
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Disclosure Status
Disclosed
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Nome do documento
Botswana - An example of prudent economic policy and growth
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Palavras-chave
mineral wealth;Exchange rate policies;labour market policy;Foreign Exchange Reserve;exchange rate policy;real per capita income;youth unemployment;fiscal discipline;mineral policy;Trade Policy;Trade Policies;Economic Policy;hiv infection rate;prevalence hiv;formal sector employment;real minimum wage;sexually active population;primary school enrolment;independent central bank;national development plan;rate of growth;competition from imports;high growth rate;primary health care;relative income inequality;gdp growth rate;spread of hiv;modern economic history;rural resident;Infant Mortality;monetary policy;monetary discipline;human growth;primary care;Basic Education;life expectancy;live birth;hiv positive;urban resident;contemporary era;banking policy;Financial Sector;international marketing;policy on performance;government sector;unemployment rate;real gdp;real income;improving productivity;change technology;modern economy;skilled labor;parastatal sector;salary levels;bidding war;skilled labour;female enrollment;gender balance;government saving;government revenue;government expenditure;human capital;foreign investor;tradable sector;Fiscal policies;fiscal policy;
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