The Mail & Guardian on Friday proclaimed that South African economic policy will now follow a Chinese blueprint. The article attempts to explain what this means: apparently, the "the private sector has failed to invest in infrastructure to stimulate economic growth and the state needs to play a more activist role in the economy. Lack of investment in infrastructure over the past years is believed to have stunted South Africa's growth." Now, the authors argue, the South African government will follow "the Chinese model of building infrastructure". Indeed, some policy makers have even visited China to study how China uses "state capitalism", the new buzzword promulgated by
State capitalism
State capitalism
State capitalism
The Mail & Guardian on Friday proclaimed that South African economic policy will now follow a Chinese blueprint. The article attempts to explain what this means: apparently, the "the private sector has failed to invest in infrastructure to stimulate economic growth and the state needs to play a more activist role in the economy. Lack of investment in infrastructure over the past years is believed to have stunted South Africa's growth." Now, the authors argue, the South African government will follow "the Chinese model of building infrastructure". Indeed, some policy makers have even visited China to study how China uses "state capitalism", the new buzzword promulgated by