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Towards a Knowledge-Based Economy – the Case of Botswana: A Discussion Article
Abstract
Botswana is keen to position itself as a knowledge-based economy as early as 2016 due to the realisation that to compete on a global scale, efficient knowledge value chains must be put in place, which includes indigenous knowledge management systems. This realisation is primarily caused by falling demand in the price of diamonds (due to the world’s recession), which is the country’s current economic mainstay. Today, Botswana is pushing for further economic liberalisation and diversification by employing and encouraging novel frontiers of knowledge with emphasis placed on research and efficient knowledge management as a vital resource for national development. In Botswana, the role of scientific and technical knowledge is being emphasized as the main driver of sustainable development, but not forgetting the potential contribution of indigenous and mythological knowledge to this aim. Several initiatives have been devised or implemented by both the government and the public sector to position Botswana as a knowledge-based economy. This paper surveys the fundamental concepts on which this paradigm shift is based and brings out the different initiatives that have been undertaken while emphasizing the role of research and efficient knowledge management paradigms in shaping Botswana as a knowledge-based economy.
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