The Decline Of The South African Economy
DOWNLOAD
Download The Decline Of The South African Economy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Decline Of The South African Economy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Decline Of The South African Economy
DOWNLOAD
Author : Stuart Jones
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-01-01
The Decline Of The South African Economy written by Stuart Jones and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Political Science categories.
South Africa's leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the economic decline - resulting from misguided economic policies - that has been the experience of Sub-Saharan Africa. The contributors argue that the failure of manufacturing to maintain the country's economic growth, once the output of the gold mines began to decline, is central to an understanding of events and outcomes in the economy. Government policy towards manufacturing has played a major part in the decline of the South African economy, but this has, however, tended to be overlooked as a result of the turbulence generated by the political events unfolding in South Africa.
The Oxford Handbook Of The South African Economy
DOWNLOAD
Author : Arkebe Oqubay
language : en
Publisher: Oxford University Press
Release Date : 2021-11-18
The Oxford Handbook Of The South African Economy written by Arkebe Oqubay and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-18 with Social Science categories.
While sharing some characteristics with other middle-income countries, South Africa is a country with a unique economic history and distinctive economic features. It is a regional economic powerhouse that plays a significant role, not only in southern Africa and in the continent, but also as a member of BRICS. However, there has been a lack of structural transformation and weak economic growth, and South Africa faces the profound triple challenges of poverty, inequality, and unemployment. Any meaningful debate about economic policies to address these challenges needs to be informed by a deep understanding of historical developments, robust empirical evidence, and rigorous analysis of South Africa's complex economic landscape. This volume seeks to provide a wide-ranging set of original, detailed, and state-of-the-art analytical perspectives that contribute to scientific knowledge as well as to well-informed and productive discourse on the South African economy. While concentrating on the more recent economic issues facing South Africa, the handbook also provides historical and political context. It offers an in-depth examination of strategic issues in the country's key economic sectors, and brings together diverse analytical perspectives.
South African Economy
DOWNLOAD
Author : Vusi Gumede
language : en
Publisher: Springer Nature
Release Date :
South African Economy written by Vusi Gumede and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Recovering From Covid 19 Economic Scenarios For South Africa
DOWNLOAD
Author : van Seventer, Dirk
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2021-07-06
Recovering From Covid 19 Economic Scenarios For South Africa written by van Seventer, Dirk and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-06 with Political Science categories.
As the South African economy emerges from the downturn induced by COVID-19, policy makers are concerned with recovery, reconstruction, and transformation. This paper focuses on the recovery from the severely depressed levels of economic activity that occurred in April 2020. However, before considering the period after the economic trough of April 2020, a mention of economic conditions prior to the pandemic is worthwhile. In brief, economic performance was terrible by almost any metric. Furthermore, economic performance had been poor since 2008, with evidence pointing to ongoing deterioration culminating in the fourth quarter of 2019, when per capita GDP contracted, unemployment ticked upwards to its highest level since 1994, productivity declined, and inequality worsened. The striking difficulties of the South African economy in avoiding/absorbing shocks-whether internally generated, such as shocks to electricity supply, or externally generated, such as changes in terms of trade or investor sentiment in relation to emerging markets-have been an integral part of this disappointing economic performance over time. In short, the situation prevailing prior to the onset of the COVID-19 pandemic was one of economic weakness. Beginning from this position of weakness, the economic shock related to COVID-19 was enormous, likely the largest single economic shock in the history of South Africa. According to official statistics, GDP in the second quarter of 2020 was approximately 17% below the level registered in the second quarter of 2019. In assessing this shock, it is important to recall that GDP is a flow concept. One can, in principle, consider the volume of flow over any arbitrary period: a day, a week, a month, a quarter, a semester, a year, and so forth. The lockdown associated with COVID-19 precipitated an extraordinarily rapid decline in economic activity. Indeed, the available analytics and data point to a trough in economic activity, or flow value of GDP, at less than 70% of the level that would have pertained in the absence of the pandemic, or a greater than 30% decline in the flow rate of GDP (Arndt et al 2020). If we accept a 17% reduction as the average flow rate of GDP over the quarter and we accept that the economic shock related to COVID-19 was unprecedently rapid and drove a decline in the flow value of GDP of much more than 17% at the trough (which probably occurred sometime in late April or early May), then we must also accept a rapid recovery in economic activity in May and June in order to achieve an average decline of 17% over the quarter. Furthermore, this relatively rapid recovery continued. GDP in the third quarter of 2020 was “only” about 6% below the levels recorded for the third quarter of 2019, with the corresponding figure for the fourth quarter at about 4%. Other figures, including recent ones, broadly support this basic story. For example, retail sales in February 2021 were up 2.4% year-on-year, with the previous two months, January and December, having registered only a slight decline year-on-year. Correspondingly, manufacturing production and sales were down by 2.1% in February 2021 year-on-year. A few broad observations emerge from this history and the available data. First, the South African economy has exhibited more resilience to the COVID-19 shock than performance up to December 2019 might have led one to expect. In Mexico, for example, the distance between fourth quarter GDP in 2020 and that in 2019 was greater than for the same comparison in South Africa. At the same time, Mexico registered close to twice as many deaths related to COVID-19 per million population as South Africa. Second, multiplier effects are important. As discussed in Arndt et al (2020), multiplier effects accounted for the bulk of the initial economic contraction. However, they also operate positively, buoying the recovery experienced to date and bringing economic activity back towards the levels of 2019. Third, while having GDP about 4% down year-on-year is much better than the 17% decline observed in the second quarter, 4% down is still a deep recession by ordinary standards. While some sectors are producing at close to levels observed in the fourth quarter of 2019, others are more strongly affected. The incidence of these depressed levels of economic activity remains likely to be tilted toward lower-income households, which are more vulnerable to begin with. Overall, there remains substantial slack in the economy, multiplier effects still apply, and many households remain deeply vulnerable to severe economic hardship.
The South African Economy 1910 90
DOWNLOAD
Author : H.S. Jones
language : en
Publisher: Springer
Release Date : 2016-07-27
The South African Economy 1910 90 written by H.S. Jones and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.
The theme of the book is how efficient economic organisation with clearly defined property rights in the framework of a market economy has made possible the development of the South African economy. The book is divided into three periods: 1910-33, 1933-61 and 1961-90. Each of them begins with a brief survey of the growth of population and GDP which is then followed by a more detailed sectoral analysis. The book represents an important general survey of the South African economy in the twentieth century and as such will be required reading for all interested in the making of the modern South African economy.
Global Growth And Financial Spillovers And The South African Macro Economy
DOWNLOAD
Author : Mthuli Ncube
language : en
Publisher: Springer
Release Date : 2016-04-29
Global Growth And Financial Spillovers And The South African Macro Economy written by Mthuli Ncube and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-29 with Business & Economics categories.
To what extent is South Africa affected by G8 economies and BRIC growth shocks? This book identifies channels that amplify these shock effects, the relevance of third country transmission effects and the effects of the first and second rounds of US quantitative easing. The changing reactions of South African variables over time to financial shocks emanating from the US and selected countries in the Euro area, is presented. The book quantifies the effects of capital flow shocks, determines the counterfactuals of asset prices and economic growth variables, and compares the contribution of capital flows and domestic macro factors on asset prices. The effects of the exchange rate depreciation are contrasted to the decline in investment as key drivers of the trade balance. Stock market interdependence is determined amongst South African, Indian and Brazilian equities. The contributions of stock price returns and volatility on South African economic growth are contrasted. The authors construct a financial stress index for South Africa and determine how it amplifies shocks.
The Oxford Companion To The Economics Of South Africa
DOWNLOAD
Author : Haroon Bhorat
language : en
Publisher: Oxford University Press, USA
Release Date : 2014
The Oxford Companion To The Economics Of South Africa written by Haroon Bhorat and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
52 entries by leading economists from within and working on South Africa bringing together perspectives on a range of issues: micro, macro, sectoral, country wide and global.
South Africa S Economic Crisis
DOWNLOAD
Author : Stephen Gelb
language : en
Publisher: Zed Books
Release Date : 1991
South Africa S Economic Crisis written by Stephen Gelb and has been published by Zed Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
The Secular Decline Of The South African Manufacturing Sector
DOWNLOAD
Author : Nombulelo Gumata
language : en
Publisher: Palgrave Macmillan
Release Date : 2021-11-25
The Secular Decline Of The South African Manufacturing Sector written by Nombulelo Gumata and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-25 with Business & Economics categories.
This book examines the global and domestic factors that have influenced the decline of South African manufacturing. Quantitative and econometric techniques are used to analyse the macroeconomic conditions that derive improved performance within the manufacturing sector. Empirical evidence is used to set out policy recommendations that would allow the South African National Development Plan to meet its objectives. This books aims to bring together analysis of industrial policy, competition policy, and merger remedies to produce a framework on how to preserve a competitive environment and support output, investment, and employment growth. It is relevant to those interested in African, development, and labour economics.
The South African Economy
DOWNLOAD
Author : D. Hobart Houghton
language : en
Publisher: Cape Town ; New York : Oxford University Press
Release Date : 1976
The South African Economy written by D. Hobart Houghton and has been published by Cape Town ; New York : Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with South Africa categories.