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Tropical economic miracles

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  • Mauricio Rodríguez

Abstract

During the second half of the last century Botswana and Singapore experienced an unparalleled economic performance among the Tropical countries. This paper explores and describes the main economic and institutional causes behind the rapid economic development observed in these two economies. The quality of institutions —inherited from the precolonial times and the British rule—, the appropriate integration into the world markets, and the political stability —achieved by their single ruling parties—, played a significant role in the “miracles” of Botswana and Singapore.

Suggested Citation

  • Mauricio Rodríguez, 2013. "Tropical economic miracles," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, December.
    • Handle: RePEc:col:000090:010957
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    File URL: http://economia.uniandes.edu.co/revistadys/Articulo72_2.pdf
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    Keywords

    During the second half of the last century Botswana and Singapore experienced an unparalleled economic performance among the Tropical countries. This paper explores and describes the main economic and institutional causes behind the rapid economic development observed in these two economies. The quality of institutions —inherited from the precolonial times and the British rule—; the appropriate integration into the world markets; and the political stability —achieved by their single ruling parties—; played a significant role in the “miracles” of Botswana and Singapore.;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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