Why Botswana Is the Fastest Growing Economy Ever
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- Опубликовано: 28 июн 2024
- Botswana is the fastest growing economy in history, But how could that possibly be the case? Why is it so fundamentally better off than all of those that surround it? and Is the miraculous growth just too good to be true?
Miraculously there appears to be a single extraordinary exception to the narrative of poverty in Africa. Straddling the Kalahari Desert in the interior of southern Africa lies the fastest growing economy for the last 50 years. Botswana for all intents and purposes looks identical to its neighbors and this is why in 1965 it was the 7th poorest nation on earth. But over the subsequent decades Botswana has maintained a political structure that's integrity rivals those in Europe, lifted a vast majority of its population from abject poverty, maintained civil and national peace, and invested the revenues of its natural wealth into its future and its people.
-Contents of this video-------------------------------
00:00 - African Economy
01:08 - Botswana Fastest Growing Economy
02:21 - Brief History of Botswana
05:21 - Botswana's Unique Institutions
06:27 - Independence
07:03 - Fastest Growing Economy Ever
08:06 - Seretse khama
09:04 - Diamond Revenue
10:32 - Too Good to be True?
Support the Channel! / casualscholar
-Sources used--------------------------------------------
Books:
-Botswana - A Modern Economic History
-Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Scholarly Articles:
-An African success story: Botswana
-The political state and the management of mineral rents in capital-surplus economies: Botswana and Saudi Arabia
-Audio used-----------------------------------------------
-Accralate - The Dark Contenent by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. creativecommons.org/licenses/...
Source: incompetech.com/music/royalty-...
Artist: incompetech.com/
-Artifact - The Dark Contenent by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. creativecommons.org/licenses/...
Source: incompetech.com/music/royalty-...
Artist: incompetech.com/
#Botswana #FastestGrowingEconomy #Economics #History
![Megan Thee Stallion - Otaku Hot Girl [Official Audio]](http://i.ytimg.com/vi/USxIYOaIpig/mqdefault.jpg)
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I really hope botswana continues to develop and improve 🇧🇼
I hope Burundi can move out of poverty soon :) (and botswana)
Me too.
Been there. Nice place.
@The Amazing Hippopotomonstrosesquipedaliophobian Cancer Infected Fig Man of the Nederlands Me too!
The problem with further development could be the food shortage because of the ukraine war that will follow in asian and afrikan countries.
And take over china in money
I am a Botswana citizen and I learned a lot from this video. The current diamond shield we have may break at anytime and it's really scary for me as a young "Motswana" (that's what we call our citizens). Hopefully the current Governing powers know what they're doing and we'll turn that boat just in time
Do you think Botswana has a good government and that its citizens are ready to take the country in a new direction?
We're rooting for you!!! Keep it up.
Your tone, articulation and response just confirms everything this video says. You are a great people and should be very proud. We are proud of you here in Nigeria. We love and pray for you all. Remember us too in your prayers.
Yes as Botswana even our stans on Ukraine war interesting Russia the first in diamond production is currently out of the game the more they continue the war the we can increase our market share. All this may not work if our leaders are selfish. But the war of Ukraine is giving us a strong chance. And how we invest is key our media is very weak and it's the main problem. To start a new industry without a strong media is to wait for failure in the highest sense. But I just a poor accountant who just trying to find a solution.
If i was a motswana, I would be asking my Member of parliament to support solar energy, half your country is desert, you could put loads of solar panels in the desert to generate electricity, this electricity could be exported to neighbouring countries to provide an income for Botswana, and it could easily enable a barter in drinking water in exchange for electricity
As a Nigerian I have to say...you've done well for yourself Botswana, your country isn't perfect, but you should be proud of what you have achieved
This video is offensive and part of eurocentric white supremacist idiolgy.
Same as a nigerian-Congolesse-Algerian but i currently live in Canada and i hope we be like them one day
@@slangmyshang9653 Nah Namibia is close but not close enough to Botswana's level.
@@slangmyshang9653 His honesty and dedication not a resource. Have you heard of Singapore a country It's over 3,260 times smaller than the DRC in area,15 times smaller in population,doesn't have even 1/100th of The DRC's minerals and yet is over 7× richer than Congo and nearly as rich as my country South Africa .Be humble speak with your actions and not your words.
@@la23s.a.22 South africa ecounmyy is not better then singapores get your fax straight also i understand congo is going thru and i hope it get backs on its feet but im mainly nigerian which is the richest country in africa and currently has a higher GPD then south africa is a country they got over rain by europeans and now its a awful place who live in people i talk to from south africa say they hate living there also singapore is a small country which is why its not hard to take care of. your country ecounmy is soon to fall and i can't wait to see it
YES, I found a big RUclipsr while they are still small! Keep up the good work.
Ikr! That's the feeling I get too lmao. Kinda surreal
Haha I hope! thank you very much. Comments like this really make my day.
Exactly what I was thinking
@Starfruit Shoot 3 months ago he had 500 subs and now he has 16k subs. His channel will definitely grow much larger.
@@CasualScholar bruh you are such a casual scholarship csr frmsrr
Botswana and Rwanda continue to set the gold standard for African continent
Botswana's growth is genuine and real, built on democratic pillars. Rwanda's is superficial, built on dictatorial pillars.
@@kmuturi238 I guess you don't live in Rwanda huh. I do and I can say firsthand that I see a new building and social welfare program almost every single day.
It's a low bar, to be fair.
@Mr. Anal Molestadeep Gupta Sexshit Sharma Gabons political situation is abysmal and the corruption and exploitation by local and foreign actors is deep. It's a very bad example on how Afrika should move forward
*Sub-saharan Africa not North Africa or African island nations
As a Motswana, living in Botswana, i wonder who's doing our countries PR bc if you don't live in it, you would think this place is wakanda.. but its wild how the first presidents son ruined this place for a decade and now we have to kinda just, live with it..
waiting for a youtuber to do a biopic on the rise and fall of 'Course Cool'
Ian o re diretse mathata😭
Ga baitse gore zaka ya jewa😭😭😭
👏🏾 👏🏾
What did he do?
Was in Botswana since 1998 it's indeed a beautiful country with beautiful people. Politics on the other hand is something the people need to keep a close eye on for the future generations
As with any country, no matter how great a nation is bad politicians can bring it down to the dirt.
@@lafox2833 Some countries are more prone to get said bad politicians. Or like in the US, are forced to vote for them.
@@MichaelDavis-mk4me nobody's forced to vote in the US
@@lafox2833 Well, if you want to vote, it's for either of the bad options. Other parties cannot exist in their flawed system.
@@MichaelDavis-mk4me other parties exist but they don't get as much traction.
whenever I hear about Botswana I just couldn't help but smile. wish you all the luck from Egypt.
Thank you but I'm scared our economy is falling with the first example being the fall in BWP
Botswana🇧🇼 💕❤️💕💕❤️🇿🇦
That’s South Africa (🇿🇦 )
The Tswana people did not flee Boer migration.
They fled a genocide campaign by the Zulu and Ndebele tribes called the Mfecane that started about 30 years before the Boers even began their migration.
Warrior son you're incorrect. Stop spreading misinformation and dog whistling.
As a citizen of Botswana,this is not true by the time we asked to be colonised.The Mfecane wars had long been gone and the boers were the main threat
Also the word Mfecane means a time of trouble,chaos or scattering.They were not a tribe.
;)
@@patiencelekgoba9405
Read my post again.
"A genocide campaign...called the Mfecane..."
😑🙄😒
@@patiencelekgoba9405 his a Boer on mask, we know their Tricks
@@patiencelekgoba9405 These pinks are trying to turn africans on each others, well done Botswana. screw up the colonials!
My Botswana ,My Pride 🇧🇼🇧🇼🇧🇼
Love that we getting acknowledged, love from botswana 🇧🇼
Nice flag too
After my country of birth, Namibia.. Botswana is my most favourite country! I worked there for 5 years.. Botswana..all over the beautiful country with most amazing people!
I went to Botswana last year and it was the most amazing place and had the nicest people. They worked hard and loved nature and loved teaching us about there amazing country
Botswana has a great potential of becoming the Switzerland of Africa.
More like Rwanda
Switzerland is Rich, yes. But basically they are just profiting from offering shady people to deposit their money there. So too nice at all.
Not really. Switzerland has virtually no raw materials.
@@paulb6149 Yes, that is true to a certain extent. But even if the financial market is big with 15% of the market economy, there are many other factors. To reduce wealth to this point alone is highly simplified and also a little wrong.
@@-Lumino- basically they were even neutral to hitler.
If everyone did that their business model wouldn’t be working anymore.
Same with all the tax evasion countries like Cyprus, Ireland etc why the hell do other countries accept this kind of bs??
Im an American whose mother is from Botswana and I’m so lucky to have lived there and spent my childhood there.. it’s an amazing country I say to everyone who hasn’t visited there to make it there and you will enjoy yourself. They speak English so you will not have a problem for those who are American.
I just visited your country. I love how friendly the people are and the food there is very delicious.
@@kuyahkudey3217visit again!
That’s next up, been to 🇿🇦🇿🇦 twice
Ma idri
one of my favourite books, Why Nations fail, has an interesting section on why Botswana is doing so well compared to other countries around it. the case of Botswana strongly supports the books premise that it is institutions that make a country rich or poor. paticuarly property rights, low levels of corruption and an inclusive economic system (free markets).
Why Nations Fail is such a cool book!
Does it cover how and why The Institution of Retards also known as the ANC, has managed to destroy South Africa, a country that was much wealthier and developed?
@@segzeeman7356 the ANC has it's faults but let's not act like the previous government was better.
@@MK-we9sw you mean the government that ended apartheid?
@@segzeeman7356 the government that was forced to end Apartheid. Or should I say the previous apartheid government?
Botswana should get working on successfully diversifying its economy (away from just diamonds) the way that Bahrain, the United Arab Emirates, etc. have been doing to go away from just oil. Not mentioned in the video is that, at least before Covid and hopefully picking up again as of late, there's been a significant tourism industry based on the country's rich wildlife coupled with a safe and modern (for the region at least) environment.
As a south Africa I can say I am proud of our neighbour
And part of the success is a combination of many things, one them being the blessing of living next the South Africa. ZA was the biggest economy in Africa and this has its advantages!
@@bukkie5084 the two nations are close allies and are doing well (compared to the rest of Sub-Saharan Africa) and if things in South Africa calm down then we could see even greater prosperity in the region
This is a very good video. I've already liked and subscribed. I however would like to clarify a certain piece of information you gave. The chiefs didn't beg for protection. The British empire declared Botswana a protectorate in order to materialise their Cape to Cairo railway line as Germany and Portugal had taken Namibia and Mozambique over respectively, threatening to close that channel off. In fact, the chief of the Bakwena had to be convinced not to fight the British by the other chiefs because he felt that since they had been successful in keeping the Boers at bay then it would be no different.
Tshekedi khama agreed so that he can protect his human livestock
The video is grossly misleading. It is making seem like Botswana is the only country growing in the region while in reality Sub-Saharan Africa is home to the fastest growing economies. The poster is relying on exagerations to make the video appealing to western viewers
@@corvusglaive5769 drop your sources
@@corvusglaive5769 I agree
@@corvusglaive5769 Where exactly in the vid it says that "Botswana is the only country growing in the region"?
Oh please show us!!
I am so happy to see this video! Good luck Botswana! 🇧🇼
Im a Motswana In Botswana, we were doing great, it was growing fast but now the economy is not for the natives any more. China & India monopolicy it between themselves, money machines for political parties, please do more RESEARCH....Thank you
I think you might like my video about China in Africa. Would give this all more context.
@@CasualScholar I bet its more eurocentric jealous bias against China. We've seen what kind of mindset you have.
@@ThePrincipality-dy1iqEveryone has bias. Acknowledging it is helpful in trying to overcome it. European powers and in particular the IMF have given exploitative loans to developing countries as well, by forcing them open to free markets and not being able to protect valuable things like stabilizing domestic food production for food security. But to say China isn't using exploitive loans as well is disingenuous, at best. Would you recommend any channels that presents similiar information but from a more Asian centric perspective? I'd love to see multiple perspectives to the same issues/topics
thank you for posting this @ray dikago, you can't talk about current Botswana without China, this video a little disappointing because China has been a major factor in what Botswana is today, from the amount of schools invested by China and how many policies have been influenced by China.
@@Coqui-Cariduro How many schools have been invested by China? Can you name at least one of them 🤷🏽♂️
"There are no poor countries, only over exploited ones" - Micheal Perenti
It’s great to see Botswana get attention. Hope more people see your video. Very informative.
American here I’ve always liked Botswana because of their flag and I’m glad this country is prospering. Good luck to the country
yeah, its a beautiful flag
Motswana here I also love the Flag it means
Blue for water
Black for dark people
White for light people
The other meaning of the white and black is the strips of a zebra
Great video❤️
I hope everyone gets rich
Yeah! But we can't get rich overnight right? Getting rich comes with multiple INVESTMENT but we all have to start from somewhere!
What kinda investment are we really talking about please?!
@Ben Kent I've heard alot about crypto currency investments and how effective it can grow your income! Any recommendations on a guide?
@@annmannings1840 I'm glad you asked,I can recommend an expert named Warren T Sonia who grew my portfolio from £2000 to £15000 in a week
You can Write her up on Facebook👇👇
1:41 As a Dutchman I am deeply concerned about this roundabout.
It's a highway interchange under construction as we speak.
@@leagosebina9029 keore ga a bone💀
Dude, I literally teared up hearing this! There is soo much suffering in Africa it breaks my heart, so much hate that turns violent. 😢 Go Botswana! Go!
All my love to my sisters and brothers in Botswana, love from America!
Love back to you too, how is that side? Would lile to visit soon
Great video! Am from Botswana and I feel like you presented us very accurately. Thanks, keep up the good work. Bless
i've only watched 13 seconds of this and i'm already going to sub! This is quite the production value for a fresh starting channel. Good work man! Keep it up! I'm clicking the bell and look forward to seeing your stuff.
Really Appreciate the Kind words! More content to come very soon!
great stuff, thank you for taking the time to share this!
Of course! glad you enjoyed!
I'm Indian but in Botswana so this makes me feel happy
💙💙💙💙💙
🇧🇼🇧🇼🇧🇼🇧🇼🇧🇼
🖤🖤🖤🖤🖤
🇧🇼🇧🇼🇧🇼🇧🇼🇧🇼
💙💙💙💙💙
Hello Indian in Botswana. Greetings from India.
We Indians are everywhere 🤣
Out of curiosity, how did you end up in Botswana?
@@leondodig9574 there's tons of Indians in southern and eastern Africa to do business/labour
@@gerald1495 Why would they going to labour in Africa ? Most of them go there to do business.
🇧🇼🇧🇼🇧🇼❤❤❤❤ great and beautiful story about a country that God has shown favour. My home
You know going from 0 to 1 is infinite growth, 1 to 2 is 100% growth, I did work in these countries, and it’s just hard to cheer about progress when there are so many problems
This video is a gem. I was feeling depressed but this reminded me of my interests. Thank you.
This is by far my favorite comment I've gotten on my channel! I'm so very happy this video could have done that for you. I hope you feel better and that you keep pursuing you're interests.
I think heavily investing in starting Botswannan based companies and funding advanced education would fare well for Botswanna to keep their economy running in the future
Lovely country ❤️❤️ love from usa 🇺🇸🇧🇼❤️❤️
Good for them!
I wish Botswana continued prosperity.
Thank you. Very informative.
Amazing! The quality is top-notch! A million subscribers...HERE WE COME!
Haha, Im just happy with my 130 subs. You all have been so supportive and motivate me to make more content. Glad you enjoyed the video, hope too see you commenting in the future!
YOU’RE BLOWING UP!! CONGRATULATIONS!!!
1:34 I see Botswana has learned traffic control measures from my Cities Skylines save files
SO underrated. Great video, gg.
Khama's leadership and governance skills + Resources.
lol we got lucky the British didn’t find those diamonds baby🤣
Absolutely. I believe things could have turned out much worse if they had.
@@paulohagan3309 are you by any chance related to Gareth O’hagan
@@kalebakeitshokile1366 Not guilty, Sir. [joke]
Just looked him up. Director Adam Smith International. Hmmm...
Can't believe I am here before this reached 1000 subs, keep it up!
Khama stans where we at? Genuinely the most underrated fucking goat of all time, what a fucking champion of his people.
Hehehe...hahaha...for a minute I thought you meant his son🤣🤣🤣
Love this story. This shows it doesn't take anything too wild, just good moral intentions and a real pride in yourself and your people and your territory. It's like they made all the right decisions and made the most of what they had over and over until the diamond find was able to help propel things further forward. A good foundation eventually brings health
may this country continue to be successful and be blessed by good politicians
I am so happy to have stumbled upon you channel. Great Videos, with awesome quality. Thank you!
Great video. Keep them coming!
Great video you have definitely earned a subscriber and I am excited for what you will post in the future.
Thank you! Hopefully you like the new content coming soon!
I think Botswana and Namibia are the best deals on the planet right now, should the two merge as a single country we will have an unparalleled super state. Well done Bots and great job Namibia.
I thought I was crazy, I always had that idea. These 2 countries are not far apart in most things, economy, level of crime, politics, infrastructure etc compared to their neighbours
Motswana here how I wish but Namibia side should fix their land issue should get their land back from the Germans
Great love from 🇰🇪 keep pushing and maintain your political stability and peace
Subbed within the first 30 seconds, great video my guy ;)
Great fucking video. Thank you for including how the chiefs astutely sought out protection and were able to leverage public opinion to get what they wanted. Its truly one of the greatest political masterstrokes in history, and in the story of Botswana it often gets left out.
I was amazed when I read about Botswana's economic and general history. I cant imagine why its not taught or spoken about more, and yeah Seretse Khama was a bad ass! Glad you enjoyed the video and hope to see you comments in the future!
Used to one got kicked out cos he refused to allocate land to Bill Gates Foundation and the other because he remedied his tribesmen with "weed" tea . Oh yeah automatic succession is a thing where isle the former wanted to make a sibling the next president he could (he wanted to). If you are of one party that's forever ruling you get all can get and please do bring your Chinese and Indians to and don't forget whites people we need them to be Presidents and GMs .
Love from Botswana 🇧🇼
Your introduction put me in a vice-grip! Very engaging well done!!
This video is really well made, this channel is definitely gonna blow up soon :)D
What an amazingly informative piece!!!!
Thank you!
Yesterday, it was Ireland being the fastest growing economy. Today, it's Botswana. Tomorrow, it'll probably be, idk... San Marino*
You mean San Marino
Great High Quality Video!!
Great video. Accurate info. Thank you 🇧🇼
Botswana was spared from the terror britain reigned. one of reasons it is rising while the other countries in africa is still figuring themselves.
Those chiefs that went to England are national heroes
It took real courage. Alot of folks would've tried to foolishly fight Rhodes.
Very good job on this video. I have been critical in the comments section on multiple of your other videos, but this one is brilliant and without criticism.
Thanks for the video.
I appreciate countries that don't use their population too boost the economy
Go Botswana!
From the Philippines l!
So proud of what Botswana is doing. YOu make Africa proud. I think if you keep going, you will be able to transition away from diamonds into a more rounded economy. The stability you guys have is enviable and will help a lot for the future transition.
Great video very informative and great editing keep up the good work
Not commenting often but this awesome work deserves it!
Keep up the good work and even more important, find a consistency plan that works for yourself.
Loved the content!
Wow, thank you for the really kind words! :) I'm currently working the whole RUclips thing out, but more videos are coming very soon!
Indoor hydro/airo/aquaponic farming to feed all the people would hire a huge percentage of its citizens and could be the foundation to make it not only a develped nation but a very profitable one!
Nice idea, only problem is water availability and huge cost it may be
Another great video, keep it up!
Thank you! Your support is greatly appreciated.
A very small RUclips channel with the animation quality of a million subscriber RUclips channel. Keep it up. definitely subscribed!
Wow, thanks! Don't know how I didn't see this comment till now. Greatly appreciate the comment!
Botswana has two problems:
1. It is landlocked.
2. Its biggest trading partner by far is South Africa.
So, when South Africa collapses, Botswana goes with it.
By that point, hopefully Botswana can figure something out. Being landlocked though is definitely going to cause trading issues.
Yeah fortunately south africa aint gonna collapse anytime soon boet
@@gifttshabalala4346 Of course, it is, skhokho. As long as zots keep voting ANC and EFF, it is inevitable.
@Mr. Anal Molestadeep Gupta Sexshit Sharma That means more expensive Botswanan exports and does nothing to address the hole in trade that a diminished South Africa would leave.
@@dannyarcher6370njayam your opinion is highly subjective, no wonder you excluded the DA in your list, a little bias dont you think?...irregardless of the current state of governance , spreading propaganda about the country's downfall does not help either. Reinstate hope instead of discouragement , cummon ndoda do better.
Wait a frikin minutes. How do you have only 50k subs? I thought you had 5 million. Dude you're underrated.
Glad you think so! Thank you.
This my first time seeing the biggest RUclips talking about botswana❤️bro
Good stuff, man. Keep it up
Really appreciate it!
if most of Botswana is desert, it's a perfect place to put solar energy, that energy can go into the development of Botswana, and be exported to neighboring countries, these neighboring countries can use this electricity to desalinate seawater and send it back to Botswana
Botswana is doing that already.
10:39
That means they will have to transition towards more self-sufficient things.
And find other aspects of the economy to invest in.
So, when the mines do run out:
They're not caught off guard by it.
You videos are some of the best on RUclips. Very very interesting.
Thank you :) glad you enjoy!
Exceptionally well made video. Your voice and images are moving
Thank you! I really appreciate your kind comment and glad you enjoyed.
Personally I always appreciate someone taking a somewhat deep dive into Botswana and studying it. But Websites, online studies and articles will never give a proper appreciation of any country.
You need to talk top officials, then step on the soil like an ordinary citizen, talk to the ordinary Motswana, ride public transport, go to the villages, talk to the old men and women who know the Botswana of old, eat at street food outlets and try to make sense of what you are getting from various people of different levels of life. Then you will have a broad appreciation of Botswana not the picture the few elite can paint through data manipulation.
But kudos on the video. Cheers
As a South African I pray that one day I can read about our own turn around. It seems so far off at this stage. People are angry and exasperated with the pathetic state of governance
I commend this great coverage of our country 👏🏿this video has made me proud of my country 🇧🇼
Interesting info bro keep updating everyone
Thank you, I will!
Finally, some hope for humanity.
Why don't you have more than 100k subs? Your videos are so good and well made
I really appreciate the compliment! :) Not sure about 100k haha, just very happy I got over 100 yesterday!
@@CasualScholar you reached 70k now, congratulations!
More like this please 🙏🏽👏🏽
Damn the quality of your video!
One day channel will grow!
Botswana is one lucky diamond as its diamond reserve...A patriotic statesman over his selfish interest is so rare to be found in the world and I'm happy Botswana has it...
He was a son of a tribal king so a ready made benevolent custodian of the people.
I hope that it's in my lifetime Botswana is leading a bunch of Africa in and turning them from LDCs into Developing Countries and one of them can compete with Europe's best economies
No African country will ever compete with European countries. What Africans need to understand is that the game is rigged against them. The West controls market access, mining companies, regulatory bodies, world trade, and by and large decide who becomes president in most countries. If Africa shows signs of collectively getting wealthy, they will take actions against that. They want a poor Africa as a source of cheap raw material thay they need.
Aint gon happen
@@tutorialon6522 Then again a colony became the World Superpower so hey anything can happen
@@revillus8173 true but a great many insane things happened to that colony to turn it into what it is. Either way we pray for africas continued recovery and success
Wow, great video...l love this country. I love the people. Very peaceful and loving people. I enjoyed living and working there. Low levels of corruption. Great country...
Love your videos keep it up!
I live in south africa and this country is a mess crime is out of control, go to mafikeng on the border of south africa and botswana you will see litter everywhere streets dirty but pass the border and you will find no litter no fences stolen a perfect run country with not much crime you could almost leave your car open in the city.
The downfall of south africa is quite sad
Stop lying even I won't leave a car unlocked in a garage
@@sawlty-suite5131 i left my car unlocked many times cuz i forgot to lock and i never experienced theft.a
It's sad how SA has become
Creating a big following as an educational youtuber is hard, but you've managed to get quite far. Your views will always be more than 10x your subscribers for the simple fact it's educational content, but that doesn't necessarily matter as RUclips doesn't pay for subscribers. Keep it up lad.
Really appreciate the kind comment! Words like these really keep the channel going!
Good luck Botswana, wish you all the best!
Botswana has the best black majority government in Africa 💯 it's a fact .❤ from South African.