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Vol 41 No 4

Published 18th February 2000

South Africa

Ten years after, another revolution

Thabo Mbeki's new economics mean confronting his political allies

A decade after Nelson Mandela walked out of prison and South Africa's political revolution started, his successor Thabo Mbeki is launching another revolution,It aims to overthrow the apartheid economy with its racial hierarchy, replacing it with a modern African capitalist state based on a skilled work force and a growing body of black entrepreneurs (AC Vol 41 Nos 2 & 3). As South Africa pioneered an African method in political reform, it may do the same in economic reform with 'Mbekonomics'. More than any other country on the continent, South Africa could make the leap from a low-growth, export-commodity-driven, protected economy to a fast-growing, diversified, competitive one.

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