Recent developments across the globe set the scene for what the seventh administration’s economic cluster may have to contend with after the establishment of the incoming government. In the past 12 weeks we have seen developments that signal a step-change in key destination markets for our exports, which are in the throes of hotly contested ballots in the coming months.

While industrial policy may no longer be a swear word in academic and policy circles, its conversion to what is now acceptable doctrine and practice has been riddled with contradictions. In the US this is seen in how the bipartisan support for industrial strategy may result in an overzealous application of tariffs alongside a friend-shoring that repartitions the world — a meaningful reversal from a world in which information, merchandise and capital have moved with little restrictions worldwide with some admitted benefit, despite the challenges. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.