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Yet, Botswana was unique among its neighbors in that it held institutions such as a stable, democratic government supported by a charismatic leader and a constitution which upheld the liberties of a free press, legal transparency, and property rights. Botswana?¦s institute of government also lacked the discriminatory practices and internal strife present in many of the neighboring countries.
Botswana was able to supplement its lack of many formal institutions with substitute ad hoc solutions which filled many gaps. The country?¦s initial lack of its own central bank and national currency was supplemented with the country?¦s use of the South African Monetary Union until Botswana was able to establish its own currency and central bank in 1976...
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