Success breeds rising expectations, which lead to protest. Many commentators have dismissed this idea, as advanced in President Zuma’s state of the union address, as the highest order of spin. But let’s not be too quick to diss. The literature on middle-income countries such as ours suggests that the president is hinting at an important dynamic in economic development.
Full article at the Daily Maverick: Zuma’s middle income problems
Full article at the Daily Maverick: Zuma’s middle income problems