Revolution and reform of economic policies: Lessons for South Africa from China∗

The author would like to express gratitude for the helpful criticisms of two anonymous referees. The usual caveat applies for any remaining errors or omissions.

The process of revolution in China itself his undergone profound reform. The most important reforms are reflected in a new direction of economic policies which focus upon a revival of market processes. This shift to greater reliance upon markets provides substantial support for similar programmes to be undertaken by South Africa and the developing nations of Southern Africa.

Notes

Associate Professor of Economics, Miami University European Centre, Grand Duchy of Luxembourg, and Senior Lecturer, Economics, The University of Natal, Durban.

The author would like to express gratitude for the helpful criticisms of two anonymous referees. The usual caveat applies for any remaining errors or omissions.