No matter how strongly the IMF and World Bank advise that a
country's salvation lies in economic growth, experience in
developing countries is that wealth does not trickle down. When
growth comes from the developed sector of the economy, it benefits
the rich and simply does not reach the poor majority. Conditions in
South Africa show the same outcome. Fourteen years after the ANC
came to power; the South African unemployment rate of 24 percent is
more than twice that of the next country on the list compiled by
the Economist. Poverty is so prevalent that welfare grants are a
desperate remedy in this "budget surplus" economy. No One denies
that inequality is rising. All of this flies in the face of the
Freedom Charter's declaration that sharing would be the guiding
principle for a democratic South Africa. This title is the result
of a high level seminar convened to draw together the threads of a
vigorous national debate on the role of the State in socio-economic
development. Hosted by the Minister of Provincial and Local
Government, it was attended by top leaders and officials of the
State, Parastatal Development Organizations and Academic
Institutions. Although the prominence of the "developmental state"
idea at the ANC policy and national conferences of 2007 has been
met with concern in business circles as a "victory of the left",
the papers here make a case that rests fat more.
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