LAEL BETHLEHEM: Can we follow India into the stratosphere of economic growth?
SA leaders should also drive fundamental reforms, attack corruption and modernise the public sector
10 January 2025 - 05:00
Thirty years ago China was on the cusp of enormous economic expansion. In 1994, at the time of the transition to democracy in SA, China’s GDP per capita stood at $1,384. It has since grown nine-fold, now standing at $12,781.
This is especially astonishing because it is a per capita measurement, and has occurred despite a 51% increase in China’s population over that period. This expansion has pulled millions of people out of poverty and transformed China into a global powerhouse. ..
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