StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Macroeconomics of Botswana - Research Paper Example

Comments (0) Cite this document
Summary
This paper talks about recent economic developments in Botswana, a country considered by economists as one of the best examples of successful economic transformation. It is well renowned for its advanced, comprehensive, persistent macro and microeconomic policies and effective governance.

Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Macroeconomics of Botswana
Read TextPreview

Extract of sample "Macroeconomics of Botswana"

Download file to see previous pages ional firm of diamond contracted a ten-year agreement with Botswana to shift Botswana’s sorting of rough stone and division of trading by 2013, from London to Gaborone. This transformation will help support the decline of industry of diamond in Botswana, (Norda?s, Gilbert and Gloria 52). The economic freedom of Botswana ranges to about 70.6, achieving the 30th position of the freest economy in the index of 2013. It has an average score of 1.0 point grater that 2012 mainly because of progressive improvements in liberty from economic corruption and government expenditure management. The country is the second in forty-six nations in the region of Sub-Saharan Africa and has average score greater than the global and regional averages. The economy of Botswana is expanding mainly due to foreign investment fueled by reduced taxes, stability in political structure and climate and an extensively educated labor force. Botswana is a better example in extensive natural resources endowments, (Phirinyane 23). Corruption level is low in Botswana and an independent judiciary enacts agreements efficiently and safeguards property rights. A relatively efficient regulatory environment and open trade policies have underpinned competitiveness, whereas exports of diamond have reinforced effective foreign exchange flows. The department of finance is effectively developed, with a reliable central bank as well as minimal interventions by the government. Even though, the public debts are still low, the administration has attempted consolidation of fiscal to lower increased deficits of the global meltdown. The outstanding external level of debts of Botswana remains low and sustainable based of surpluses of perennial budget and extensive external policies of debts, irrespective of its current...
This paper explores the economy of Botswana with specific emphasis on market labor, economic growth, taxes, debts and key factors, that impact economic growth of the nation.
Botswana has been among the top popular world’s economic rate of growth starting independence. Nevertheless, the growth of economy was slow in 2009, with thirty percent decline of industrial sector, after the worldwide crisis minimized the Botswana’s diamonds demand. Even though, the Botswana witnessed economic recovery in 2010, the growth of GDP has similarly reduced. Via fiscal discipline as well as proper management, the country regenerated itself from the slowest economically growing nation and attained a middle-income nation with about sixteen thousand and eight hundred dollar GDP per capita by 2012.
The economic freedom of Botswana ranges to about 70.6, achieving the 30th position of the freest economy in the index of 2013. It has an average score of 1.0 point grater that 2012 mainly because of progressive improvements in liberty from economic corruption and government expenditure management. The country is the second in forty-six nations in the region of Sub-Saharan Africa and has average score greater than the global and regional averages. The economy of Botswana is expanding mainly due to foreign investment fueled by reduced taxes, stability in political structure and climate and extensively educated labor force.
The labor market of Botswana experiences constraints like increased unemployment levels and mismatch among supply and demand of labor.
...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Macroeconomics of Botswana Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Macroeconomics of Botswana Research Paper Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/macro-microeconomics/1473532-macroeconomics-of-botswana
(Macroeconomics of Botswana Research Paper Example | Topics and Well Written Essays - 1250 Words)
Macroeconomics of Botswana Research Paper Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/macro-microeconomics/1473532-macroeconomics-of-botswana.
“Macroeconomics of Botswana Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1473532-macroeconomics-of-botswana.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macroeconomics of Botswana

Macroeconomics: Production Costs

...Nasser Al Thani Microeconomics: Production Costs Fall - Econ 202 – 002 Sabo Macroeconomics: Production Costs Production is the creation of goods through transformation of inputs into finished products that satisfy consumer needs and wants. Every business organizations engaged in transformation of inputs into finished products incurs certain specific costs. Costs of producing a commodity is influenced by the cost of technology used, resources applied, as well as the costs of inputs employed in the production process. These costs are inevitable and usually included within commodity prices. The following is a discussion of production costs that business organizations incur in the process of creating goods for consumption. Introduction...
15 Pages(3750 words)Term Paper

Macroeconomics - Inflation, Disinflation and Deflation

... The report has been prepared in order to build a thorough understanding of the three important and interrelated macroeconomic concepts, i.e. inflation, disinflation, and deflation. The report will determine the causes of each of the concepts in an economic environment and several repercussions they can make into the global financial system. The academic definitions of inflation, disinflation, and deflation will strengthen the reader’s understanding before providing the complex details of each of the concepts and applications. The final section has presented conclusions and recommendations to the economists in terms of how the inflation, disinflation, as well as deflation can be controlled. Introduction The global financial crisis has...
7 Pages(1750 words)Term Paper

Quota and Tax in Macroeconomics

... This paper describes the widely used terms Quota and Tax in macroeconomics. This paper is divided into two parts and is structured in such amanner it defines the term quota and tax and its related terms along with the illustration of an example. The first part of this paper involves the analysis of import quota and conclusion on the analysis. Quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into or exported from a country in a given period of time. Quotas are used to benefit the producers of a good in a domestic economy at the expense of all consumers of the good in that economy. Critics say quotas often lead to corruption (bribes to get a quota allocation...
7 Pages(1750 words)Term Paper

Macroeconomics: Stocks and Bonds Concepts and Applications Revealed

... Macroeconomics: Stocks and Bonds Concepts and Applications Revealed Abstract The objectives of this paper are as follows: (1) it aims to present basis concepts and theories about stocks and bonds by starting with their definitions; (2) the classifications of both instruments would be discussed; and (3) the ways of investing would be explored to inform readers of each option’s considerations in investing funds. Finally, guidelines would be presented on choosing the right option for one’s financial investment. INTRODUCTION The world is beset with a crisis which is financial in nature affecting economies on a global scale. In cases of wide range financial crunch, individuals and corporations are extremely cautious... and Bonds...
8 Pages(2000 words)Research Paper

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

What Is Macroeconomics

While microeconomics is concerned with the factors underpinning the economic life of individual entities like families and small businesses, macroeconomics looks into the various elements that move or determine the economy in its entirety or what some call an aggregate economy. Macroeconomics is useful because it allows a predictive view of how market forces affect the economy and advises governments appropriate economic policies and gives private individuals and business entities a glimpse of what the future holds economically.
The term macroeconomics did not exist prior to the Great Depression but there was a collective set of theories that were used to study the various workings that influenced the aggregate economy. Econo...
8 Pages(2000 words)Assignment

Intermediate Macroeconomics and Macroeconomic Coordination

...CHAPTER 04 (MACROECONOMIC COORDINATION) We know that when GDP, APE & ASF are unequal, than an interplay occurs (Macroeconomic coordination process) which bridges the gap between these variables. If there is a disparity between ADF & ASF, there will be an automatic reaction among money users & suppliers which restores the magnitude of these variables to equality generally known as funding adjustment. Similarly, if there is a difference in the values of GDP & APE, it will trigger the suppliers of goods & services to act together and bring the figure close to equality. This process is called output-price adjustment. The purchasers of the domestic output can be classified into three groups. Group 1 involves individuals having sufficient money...
6 Pages(1500 words)Assignment

Macroeconomics and Analysis of Aggregate

... The paper shows the discussion regarding macroeconomics and analysis of aggregate demand and supply curves. Not only the analysis, but also the importance of aggregate demand and aggregate supply in the field of economics are discussed in the paper. A proper analysis of aggregate demand and aggregate supply is also done. Reasons for shifts in the aggregate demand and supply curves are also discussed in order to get a better understanding of aggregate demand and aggregate supply in macroeconomics. Introduction Macroeconomics is that field of study which is related to economics and deals with the working of economy of any specific country. The factors which are taken into consideration during analysis of economy include growth issues...
6 Pages(1500 words)Term Paper

Macroeconomics: Multiplier Effect

...Macroeconomics: Multiplier Effect The multiplier effect explains how a raise in some economic action initiates a chain reaction that produces more activity as compared to the actual raise. The multiplier effect reveals the impact that reserve conditions - set by the Federal Reserve - have on the US money supply. The multiplier effect is the thought that an original sum of spending leads to more expenditure costs and thus, results in a boost within state income more than the original sum of expenses. In other words, an original variation in aggregate demand creates a variation in aggregate productivity for the financial system that is a multiple of the original variation (Breisinger, Thomas & Thurlow, p. 35). Nonetheless, multiplier...
7 Pages(1750 words)Research Paper

The Macro and Fiscal Policies in Macroeconomics

...Macroeconomics Abstract This research paper explores the macro and fiscal policies that can be introduced along with government regulation policies to the current American mortgage market in order to prevent another market crash. I use three important areas, the Financial Market, the Policy sector, and bank regulations sector in pursuit of policy changes or resolutions that could help avoid future market failure or limit the exposure at most. This paper considers Canadian economic market, which is heavily regulated to find solutions to the housing market in the United States. In addition, the paper relies on publications of Turkish/American Economist Nouriel Roubini one of the few people to have predicted the 2008 financial crisis...
8 Pages(2000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Macroeconomics of Botswana for FREE!

Contact Us