JONNY STEINBERG: Three responses to SA’s irrelevance as power shifts from West to East
Extreme fiscal caution, industrial rearguard action and geopolitical fantasies about a united Global South
18 August 2023 - 05:00
Something profound has happened since democracy came to SA, both to the global order and to our place within it.
On the one hand economic power has shifted seismically away from the West. On the day Nelson Mandela was freed the Group of Seven countries accounted for more than 60% of world income. Thirty years later, that figure had plummeted to just more than 40%...
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