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In 1994 South Africa saw the end of apartheid. The new era of political freedom was seen as the foundation for economic prosperity and inclusion. The last two decades have seen mixed results. Economic growth has been volatile. While inequalities in public services have been reduced, income inequality has increased, and poverty has remained stagnant. As the twentieth anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. They combine a stocktake of the various programs of the last two decades with a forward looking discussion of strategy in the face of an ever open but volatile global economy. Underlying the discourse are basic and often unresolved differences on an appropriate strategy for an economy like South Africa, with a strong natural resource base but with deeply entrenched inherited inequalities, especially across race.

This volume contributes to the policy and analytical debate by pulling together perspectives on a range of issues: micro, macro, sectoral, country wide and global, from leading economists working on South Africa. Other than the requirement that it be analytical and not polemical, the contributors were given freedom to put forward their particular perspective on their topic. The economists invited are from within South Africa and from outside; from academia and the policy world; from international and national level economic policy agencies. The contributors include recognized world leaders in South African economic analysis, as well as the very best of the younger crop of economists who are working on the study of South Africa, the next generation of leaders in thought and policy.

In 1994 South Africa saw the end of apartheid. The new era of political freedom was seen as the foundation for economic prosperity and inclusion. The last two decades have seen mixed results. Economic growth has been volatile. While inequalities in public services have been reduced, income inequality has increased, and poverty has remained stagnant. As the twentieth anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. They combine a stocktake of the various programs of the last two decades with a forward looking discussion of strategy in the face of an ever open but volatile global economy. Underlying the discourse are basic and often unresolved differences on an appropriate strategy for an economy like South Africa, with a strong natural resource base but with deeply entrenched inherited inequalities, especially across race.

This volume contributes to the policy and analytical debate by pulling together perspectives on a range of issues: micro, macro, sectoral, country wide and global, from leading economists working on South Africa. Other than the requirement that it be analytical and not polemical, the contributors were given freedom to put forward their particular perspective on their topic. The economists invited are from within South Africa and from outside; from academia and the policy world; from international and national level economic policy agencies. The contributors include recognized world leaders in South African economic analysis, as well as the very best of the younger crop of economists who are working on the study of South Africa, the next generation of leaders in thought and policy.

Features

  • Contributions from leading economists from within South Africa and based around the world
  • Editors are global leaders in South African economic analysis and policy
  • Brings together perspectives on a range of issues: micro, macro, sectoral, country wide, and global
  • Provides a perspective on the last two decades and the challenges faced by South Africa as it moves to translate political freedom into economic prosperity and inclusion

Overview: Economic Policy in South Africa: Past, Present, and Future
Part 1: The Economics of Post-Apartheid South Africa
1Twenty Years of Economic Policy-Making: Putting People First
2South Africa's Growth Performance
3Macroeconomic Scenarios for South Africa: 2013-2025
4The Liberation Dividend
5The Political Economy of Restructuring in South Africa
6South Africa's Suboptimal Political Economy Equilibrium
7Data Issues in South Africa
Part 2: South Africa and the World Economy
8Trade Policy Reform in South Africa
9The Evolution and Impact of Foreign Direct Investment into South Africa since 1994
10South Africa's Economic Relations with Africa
11South Africa's Exchange Rate Policy and Exchange Rate Developments
Part 3: Macroeconomics and Fiscal Policy
12South Africa's Fiscal Framework
13Intergovernmental Fiscal Relations in South Africa
14(Dis)Saving in South Africa
15Inflation in South Africa
16Monetary Policy in South Africa since 1994
17Central Banking After the Global Financial Crisis: The South African Case
Part 4: Finance, Industry, and Infrastructure
18Capital Markets
19The Visible Hand: Shaping Stability and Inclusion in the South African Financial Sector
20Banking and Credit Markets
21Industrialisation Strategy
22Industrial Structure and Competition Policy
23Investment Climate
24Commanding Heights: The Governance of State-Owned Enterprises in Contemporary South Africa
25Economic Regulation of the Energy Sector
26Technology and Innovation: Performance, Policy, and Prospects
27Electricity Supply
Part 5: Labour and Employment
28Capturing South Africa's Demographic Dividend
29Unemployment in South Africa
30Segmented Labor Markets in South Africa
31Labour Law
32Public Employment in South Africa
33Youth Unemployment Policy
34Informality in South Africa
35South Africa's Migrant Labour System
Part 6: Poverty and Inequality in South Africa
36Poverty and Poverty Lines in South Africa
37Post-apartheid Poverty and Inequality Trends
38Income Mobility in South Africa
39Gender Inequality
Part 7: Post-Apartheid Social Policy
40Origins, Trends, and Debates in Black Economic Empowerment
41Health Challenges Past and Future
42The Macro Economics of AIDS in South Africa
43Child Development
44Education in South Africa since 1994
45Social Safety Nets
46Social Security and Social Grants
47Urbanization
48Public Financing for Housing
Part 8 Land, Agriculture, and Environment
49Land and Land Reform in South Africa
50The Politics and Economics of Water in South Africa, 1994 to 2013
51Agriculture and Rural Development in the Post-Apartheid Era
52Environmental Policy and the State in Post-Apartheid South Africa
Scholars and students of economics, development and emerging economies, African studies, international relations; policy makers, analysts, the donor community, NGOs, international agencies, research institutes, and think tanks.
  • The Oxford Companion to the Economics of South Africa (H)



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