However, clarifying the criteria for making choices would now seem a particularly ripe area for fruitful analysis in the case of emerging market economies. Clearly, some important mistakes have recently been made in this area. And the wide variety of recommendations being made to different countries by academics and others argues for an assessment of the criteria on which those recommendations are being made.
Accelerating inflation in the first half of the year was replaced by the spectre of financial meltdown and global recession, and as a small open economy, this situation presented enormous challenges for Botswana in 2008 and will continue to do so this year.