Thursday, April 26, 2012
New development strategies for Southern Africa
IMF and World Bank, namely macroeconomic stability and market-friendly reforms, have clearly failed to meet these challenges. This paper argues that Southern Africa will need to design and implement a very different development strategy, based on expanded social protection, structural economic changes and the consistent realization of socio-economic rights. The Basic Income Grant (BIG) as implemented in Namibia has proven to be an important initiative in this regard and could be a promising starting point.