Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2002
achieved this rapid development by following orthodox economic policies. How Botswana sustained these policies is a puzzle … policies were chosen in Botswana because good institutions, which we refer to as institutions of private property, were in … place. Why did institutions of private property arise in Botswana, but not other African nations? We conjecture that the …