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The Political Economy of Natural Resource FundsBotswana’s Natural Resource Fund (The Pula Fund)

The Political Economy of Natural Resource Funds: Botswana’s Natural Resource Fund (The Pula Fund) [Botswana has been widely touted in the academic literature and policy sector as a country that has not been afflicted by the “resource curse” to the extent of being regarded as a model in some quarters, notwithstanding the contradictions that its success presents. Its avoidance of “the resource curse” has ignited considerable interest from development scholars and other researchers. To this extent, Botswana has been credited for its prudent management of natural resources that have, since its independence, been largely used for the benefit of its citizens. This chapter examines Botswana’s Natural Resource Fund, the Pula Fund, which is Africa’s oldest Sovereign Wealth Fund (SWF). It seeks to understand the effects of decision-making and politics on Botswana’s Natural Resource Fund (NRF) by examining the context under which the fund was established, its establishment stage, the fund in operation and its challenges, and the political and economic outcomes that were realized.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Natural Resource FundsBotswana’s Natural Resource Fund (The Pula Fund)

Part of the International Political Economy Series Book Series
Editors: Okpanachi, Eyene; Chowdhari Tremblay, Reeta
Sebudubudu, David
The Political Economy of Natural Resource Funds — Aug 14, 2021
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22 pages

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-78250-4
Pages
63 –85
DOI
10.1007/978-3-030-78251-1_4
Publisher site
See Chapter on Publisher Site

Abstract

[Botswana has been widely touted in the academic literature and policy sector as a country that has not been afflicted by the “resource curse” to the extent of being regarded as a model in some quarters, notwithstanding the contradictions that its success presents. Its avoidance of “the resource curse” has ignited considerable interest from development scholars and other researchers. To this extent, Botswana has been credited for its prudent management of natural resources that have, since its independence, been largely used for the benefit of its citizens. This chapter examines Botswana’s Natural Resource Fund, the Pula Fund, which is Africa’s oldest Sovereign Wealth Fund (SWF). It seeks to understand the effects of decision-making and politics on Botswana’s Natural Resource Fund (NRF) by examining the context under which the fund was established, its establishment stage, the fund in operation and its challenges, and the political and economic outcomes that were realized.]

Published: Aug 14, 2021

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