Economic Policies
The CIA World Factbook says: "South African economic policy is fiscally conservative, but pragmatic, focusing on targeting inflation and liberalising trade as means to increase job growth and household income."
Mbeki, as an ANC insider and while president, was a major force behind the continued neoliberal structure of the South African economy. He drew criticism from the left for his perceived abandonment of state-interventionist social democratic economic policies, such as nationalization, land reform, and democratic capital controls, prescribed by the Freedom Charter, the ANC's seminal document.
Read more about this topic: Thabo Mbeki
Famous quotes containing the words economic and/or policies:
“Our country has deliberately undertaken a great social and economic experiment, noble in motive and far- reaching in purpose.”
—Herbert Hoover (1874–1964)
“... [Washington] is always an entertaining spectacle. Look at it now. The present President has the name of Roosevelt, marked facial resemblance to Wilson, and no perceptible aversion, to say the least, to many of the policies of Bryan. The New Deal, which at times seems more like a pack of cards thrown helter skelter, some face up, some face down, and then snatched in a free-for-all by the players, than it does like a regular deal, is going on before our interested, if puzzled eyes.”
—Alice Roosevelt Longworth (1884–1980)