Thabo Mbeki - Economic Policies

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.

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