Economic growth stimulated by natural resources

Vol. 30 No. 2 (2010)

Apr-Jun / 2010
Published April 1, 2010
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Corrêa, Daniela, and Gilberto Tadeu Lima. 2010. “Economic Growth Stimulated by Natural Resources : A Note on the Botswana Experience”. Brazilian Journal of Political Economy 30 (2):329-39.

Economic growth stimulated by natural resources

a note on the Botswana experience

Daniela Corrêa
Mestre em Economia pelo IE-UFRJ
Gilberto Tadeu Lima
Professor do Departamento de Economia da FEA-USP.
Brazilian Journal of Political Economy, Vol. 30 No. 2 (2010), Apr-Jun / 2010, Pages 329-339


Botswana was the fastest growing economy in the world in the 1966-1989 period. Even though the discovery and exploitation of large diamond reserves had played an essential role in such an impressive performance, favorable economic, political and institutional conditions allowed the use of the resulting large export revenues as a lever for economic growth, though not for development. 

JEL Classification: O11; O13; O55.

Keywords: natural resources economic growth development