At what stage of the EPD model is Botswana?

The EPD model is a framework that describes the progression of a country's economic development through four stages: factor-driven, efficiency-driven, innovation-driven, and wealth-driven. Botswana is categorized as being at the efficiency-driven stage of the EPD model.

The efficiency-driven stage is characterized by a focus on improving the efficiency and productivity of the economy, using existing technologies and resources. Countries at this stage typically experience rapid growth as they move away from reliance on traditional industries and adopt more advanced technologies. Botswana fits this description, as it has been implementing policies and strategies aimed at improving the efficiency and productivity of its various industries, including agriculture, mining, and tourism.