their headquarters
to London.S" According to the World Competitiveness Yearbook of the
Swiss Institute for Management Development, South Africa ranked forty-
second out of forty-seven countries-behind
Brazil, Thailand, the Philip-
pines, and the People's Republic of China. In 1999, the Harvard Institute
for International
Development placed South Africa forty-seventh out of
fifty-nine countries-last
in terms of labor practices, such as firing and
hiring of workers, labor relations, and work ethic. 59
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