76.
Abstract . The economic performance and the
political history of
Botswana during 1974-84 contrasted significantly with the experience of virtually every other
African country. The
South African republic, immediately north of the
Republic of South Africa, achieved steady real
economic growth with improved
social services and provision for its people's
basic needs. This was achieved in spite of world
recession and
drought because its
mineral wealth Was reserved for the people and
mining companies had to pay for the privilege of extracting that wealth through a tax program limited to appropriating its surplus, while assuring the
investors and
entrepreneurs an adequate long-term return on
capital and
enterprise. But sound
macroeconomic policies failed to provide even reasonably equitable benefits for the majority of the people. Sound
micropolicies are needed to widen access to
employment and
earned income and to
asset accumulation. 相似文献