Journal article
Botswana: A Note on Economic Diversification
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Publication Details Subtitle: A Note on Economic Diversification Author list: Lesego Sekwati Publication year: 2010 Journal: Botswana Journal of Economics Volume number: 7 Issue number: 11 Start page: 79 End page: 85 Number of pages: 7 |
Despite a series of supportive policies over the years, economic diversification remains an
obscurity for Botswana. The economy remains heavily dependent on diamond mining, while the
private sector, considered pivotal in the strategy for diversification, continues to be shallow and
narrow, with weak inter sectoral diversity and production links. In addition to proliferation of
fragmented, uncoordinated policies and/or strategies, which have seriously undermined
implementation and monitoring (and accountability in the case of institutions), the paper
identifies passive political commitment, especially with regard to supporting innovation,
research and development as some of the major contributing factors to sluggish progress on
economic diversification. Government‟s slow rate of response towards addressing factors that
inhibit private sector growth and competitiveness (including utility costs, cost of capital, access
to land etc) in yester years has also compounded the problem. With renewed vigor and
excitement in government in recent times, especially with regard to the “Excellence Strategy”
and the “Economic Diversification Drive”, it is imperative that these factors be taken on board,
otherwise these latest initiatives will only perpetuate what has been the case over the years.
Keywords: Economic Diversification, Implementation, monitoring and accountability, Political
commitment
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