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Re: USA Africa Dialogue Series - How Mandela Shifted Views on Freedom of Markets

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Ken,
"new thinking has to be devised.
and if mandela got skunked at davos, well, 27 years in prison was no preparation for dealing with the superpowers and their economists."
I agree with you Ken. I doubt if anyone could blame Madiba for a change of heart at  Davos. How could he sell a dummy economic system to the West, the economic superpowers who have invested heavily in South Africa? Madiba did not own any company where most of his people could be employed. For South Africans to develop, the educational system must be such that quality education is given to the people. You cannot handover economic power to people who have no acumen to turn the economy around for better investment. South Africa should first empower the youth educationally  and prepare them for leadership unless they want to cause economic stagnation. 
African countries should pursue vigorously the kind of economic theory that will make them less dependent on the West. Until Africans do that and create their own   economic market forces, economic freedom will be elusive. Africa must come of age of a technology that is competitive with that of the West that will revolutionize the market forces within the continent using all the natural resources at its disposal. 
As it is now, Nigeria, South Africa, Ghana, Kenya etc need to cooperate to make that change realizable. 
Segun Ogungbemi. 

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On Dec 15, 2013, at 5:17 PM, kenneth harrow <harrow@msu.edu> wrote:

new thinking has to be devised.
and if mandela got skunked at davos, well, 27 years in prison was no preparation for dealing with the superpowers and their economists.

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