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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa? -- Ignore unavailable to you. Want to Upgrade?

To: spiral3 who wrote (860)	10/22/2007 12:33:41 AM
From: TimF	Respond to of 1267

South Africa hasn't been all that liberal (in the sense of strongly committed to a free market, not in the American "liberal Democrat" sense"), to the extent it has been (by allowing some privatization and lowering corporate income tax rates) that's hardly selling out the country, but rather helping the country have a future. As for the foreign debt under apartheid, it wasn't like all that money was spent on the machinery of oppression. Without trade and capital from the outside world coming in during the time of apartheid South Africa would have less infrastructure and be even poorer now.