The case set out in this article attempts to show how pervasive economic policies in a highly industrialised economy such as the US can gain traction in developing countries. Where a natural predisposition towards statism exists, such as in SA, it is even harder to recover from the disastrous effects these kinds of policies can have. Moreover, when historical champions of free markets and trade liberalisation undermine the global institutions meant to govern trade, it sets a poor example for the rest of the world.
MAT CUTHBERT: Localisation is nothing more than protectionism (businesslive.co.za)
