10 wasted years: The continued cost of cadre deployment, BEE and professionals leaving SA – The Citizen

10 wasted years: The continued cost of cadre deployment, BEE and professionals leaving SA – The Citizen:

Finance Minister Tito Mboweni’s call to “think outside the box” about economic growth is akin to closing the stable door after the horse has not only bolted, but already won a race elsewhere.

Mboweni picked Harvard economist Ricardo Hausmann as an adviser, knowing full well that Hausmann’s advice on productive knowledge has been flatly ignored by the ANC government since 2008.

Hausmann sees productive knowledge as the key factor separating successful countries from unsuccessful ones, with a lack of productive knowledge retarding economic growth and development.