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Full Description
The South African economy has largely performed below its potential. Although the size of the South African economy has significantly increased since 1994, its performance has lagged behind other comparable economies, and has even been overtaken by Nigeria as the largest economy in Africa. Unemployment, income inequality, and poverty have remained high since 1994. In the past decade, South African economic performance has been so poor that is has resulted in declining per capita incomes.
In this study, Vusi Gumede and his co-authors offer a comprehensive analysis of the South African economy since 1994, dealing with many important issues, ranging from its history to its political travails in an effort to provide better understanding and find possible solutions to ensuring inclusive growth.
Contents
Chapter 1: Introduction.- Chapter 2: Nature and performance of the South African economy.- Chapter 3: Socio-economic transformation in South Africa.- Chapter 4: Macroeconomic Resilience: South Africa and selected Emerging Market Economies.- Chapter 5: Government and the Market: State-Owned Enterprises in South Africa.- Chapter 6: Searching for an Equilibrium: Balancing Economic Development and Market Efficiency.- Chapter 7: The Institutional Architecture: Re-organising Government for Better Socio-Economic Development.- Chapter 8: Conclusion.
