Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2002
Botswana has had the highest rate of per capita growth of any country in the world in the last 35 years. This occurred … achieved this rapid development by following orthodox economic policies. How Botswana sustained these policies is a puzzle … policies were chosen in Botswana because good institutions, which we refer to as institutions of private property, were in …