4 ms·
For a "third-world" country, South Africa has a quite developed financial infrastructure. This might be due to its historical links to the UK or by having a wea
by csomar 5y ago
For a "third-world" country, South Africa has a quite developed financial infrastructure. This might be due to its historical links to the UK or by having a wealthy and connected elites.
- oblio 5y agoSouth Africa was the first "second world" country in the economic sense, from before apartheid. Rich elites living roughly Western lifestyles and everyone else super poor.
- woobar 5y ago"Second World" was the Soviet Union and its allies. SA most likely was a part of the First World.
- louwhopley 5y agoI think having a dualistic economy plays a big role in this.