The Development Bank and the Developmental State Strategy based on a Comparison of China and South Africa

AbstractAt present, the international situation is complex and volatile, with the global economy facing multiple risks and challenges. The North–South development divide is widening, drawing increasing attention to the “Global South.” Given their distinct historical backgrounds and resource characteristics, countries in the Global South cannot simply replicate the development models of developed nations; rather, they must formulate their own development strategies tailored to their specific nati