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South Africa President Takes (Wrong) Cues From The EU.(ISSUES & INSIGHTS)(VIEWPOINT)
Byline: MARIAN L. TUPY
Just when it seemed that everyone recognized the growing economic problems of the European Union, an unlikely admirer surfaced to say otherwise.
South African President Thabo Mbeki used the International Labor Conference in Geneva two weeks ago to sing the praises of the European system of financial transfers known as structural and cohesion funds, which are used to redistribute tax revenues from rich to poor regions of the EU.
According to Mbeki, the EU deserves credit for standing up against the forces of "market fundamentalism."
Its financial transfers, he asserted, encourage "social and economic development and modernization" and "ensure the even and balanced development of all (EU) communities."
A Blueprint For Africa
Why that sudden interest in the internal arrangements of the European Union? Because, says Mbeki, the European system of "resource transfers" should serve as a blueprint for addressing the problem of African poverty.
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