In the article "Botswana's Success: Good Governance, Good Policies, and Good Luck" by Michael Lewin, the author mentions that Botswana's success is due to the government's effective use of natural resources and management methods to improve the country's economy. I was surprised because Botswana was one of the poorest countries in the world before 1966. On the other hand, most African countries have substantial natural resources, diamonds. I think this is also the biggest reason for Botswana's success because diamonds are rare and expensive ones. At the same time, Botswana did not over-develop natural resources, which also allowed the country to maintain its value. I think Botswana's government is smart because it adopts an open policy for foreign investors, which also enable foreign investors to bring knowledge technology and management capabilities to Botswana. On the other hand, I think Botswana can start to develop in other areas because natural resources are limited.
I chose this picture because of the special meaning of diamonds. People widely believed that a diamond ring is necessary for marriage because the definition of diamonds is eternal. This is one of the reasons why diamonds are so expensive. Women love diamonds, and they are women's best friends.
- CHAPTER 4 Botswana's Success: Good Governance,. (n.d.). Retrieved from http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.370.6568
- https://i.pinimg.com/originals/53/dc/26/53dc26d7bda016bec1d40cd1a54b8566.jpg
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