Coface科法斯：2025年金砖国家（BRlC）的裂痕：为什么南非未能繁荣发展报告（英文版）

In the early 2000s, South Africa's future looked bright..The Rainbow Nation hadsuccessfully ended apartheid in 1994and fully em braced globalization, The country banked on its immense natural resources and diversified industrlal baseto integrate into global trade networks, The lilberalization of its financial system, combined with a sound regulatoryframework and institutional stability, made it attractive for foreign capital. As a result, growth was strong, and hopeswere that South Africa