Boardroom Talk
Boardroom Talk – SA’s opportunity, provided it retains neutrality in “fragmented globalisation”
In this fractured world, South Africa’s big opportunity is to carve a neutral position - essentially find a way of playing all sides.
By Alec Hogg
America remains by far the biggest global economic power, with GDP at current prices of $27 trillion of the world's total of $105 trillion. The closest rival is China with $19 trillion trailed by Japan and Germany with a touch over $4 trillion each. At home, SA's GDP is $400bn, ranking it 36th among all nations, just 1.5% of the USA.
Put another way, just over a quarter of the value of all global economic activity occurs in the US, a country which houses 331 million, or 4% of earthlings. How so? Warren Buffett points to American Founding Fathers creating a structure of self-governance that still provides the most efficient system of distributing foods and services.
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