Download or read book The Secular Decline of the South African Manufacturing Sector written by Nombulelo Gumata and published by Springer Nature. This book was released on 2020-11-10 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Future of the South African Political Economy Post COVID 19 written by Mzukisi Qobo and published by Springer Nature. This book was released on 2022-10-31 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the COVID-19 pandemic through socioeconomic lens that draw on history, approaches to state-market relations, and public policy perspectives In 2020, the world experienced the worst pandemic since the outbreak of the Spanish Flu of 1918, which continues to have far[1]reaching implications for the global economy and triggered macro-economic dislocations that severely affected the most vulnerable countries and segments of society. This book was conceived as a response to the disruptive shifts induced by the pandemic, with a particular focus on South Africa. International experience has shown that countries and societies that have gone through tough economic times, either as a consequence of wars or economic depressions, have responded to crises by enacting unpopular policy measures based on difficult tradeoffs, which often made way for innovation. The authors outline policy responses to the COVID-19 crisis and propose several interventions to mitigate its effects. These include developing innovative approaches to fiscal and monetary policies, labour market policies, industrial policies, as well as social policies. Building state capabilities, improving the governance and performance of state institutions, and managing digital change are some of the clear policy interventions that are laid out in this book.
Download or read book Fiscal Policy Shocks and Macroeconomic Growth in South Africa written by Eliphas Ndou and published by Springer Nature. This book was released on 2023-09-16 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the disconnect between fiscal policy and macroeconomic development in South Africa. It analyses the factors that have contributed to the lack of economic growth in the country over recent decades and outlines an improved fiscal policy framework that increases investment and employment. Particular attention is given to the impact of government debt and its relationship with GDP, the connection between budget deficits and interest rates, and how economic policy uncertainty affects employment dynamics and inflation. This book provides practical fiscal policy suggestions to increase economic growth in South Africa and Africa more generally. It will be relevant to researchers and policymakers interested in African economics and economic policy.
Download or read book Deindustrialization written by Mr.Ramana Ramaswamy and published by International Monetary Fund. This book was released on 1997-04-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: All advanced economies have experienced a secular decline in the share of manufacturing employment—a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industrial dynamism in an already developed economy, and that North-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization for the growth prospects and the nature of labor market arrangements in the advanced economies.
Download or read book The Developer s Dilemma written by Armida Salsiah Alisjahbana and published by Oxford University Press. This book was released on 2023-02-09 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Developing countries seek economic development which is broad-based or inclusive in the sense that it raises the income of all, especially the poor. Yet this is at odds with Simon Kuznets' hypothesis that economic development tends to put upward pressure on income inequality, at least initially and in the absence of countervailing policies. The Developer's Dilemma explores this 'Kuznetsian tension' between structural transformation and income inequality. The book asks: what are the varieties of structural transformation that have been experienced in developing countries? What inequality dynamics are associated with each variety of structural transformation? And what policies have been utilized to manage trade-offs between structural transformation, income inequality, and inclusive growth? Across nine country cases written by academics across the Global South, this book answers these questions using a comparative case study approach with a common analytical framework and a set of common datasets. The intended intellectual contribution of the book is to provide a comparative analysis of the relationship between structural transformation, income inequality, and inclusive growth; to do so empirically at a regional and national level, and to draw conclusions about the varieties of structural transformation, their inequality dynamics, and the policies that have been employed to mediate the developer's dilemma.
Download or read book Trade and Industrial Policies in the New South Africa written by Lena Moritz and published by Nordic Africa Institute. This book was released on 1994 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: To achieve economic growth, South Africa aims at a more outward-oriented economic framework. However, as is discussed in this study, such a transition is made difficult by the constraints created by past industrial policies.Protectionism, the apartheid system, and other regulations have contributed to a generally noncompetitive manufacturing sector, a weak macroeconomic position, and distorted factor markets. Social unrest compounds the problem, as does lack of skill and capital. The role of state interventionism in the new South Africa is also considered.
Download or read book Accelerated Land Reform Mining Growth Unemployment and Inequality in South Africa written by Nombulelo Gumata and published by Springer Nature. This book was released on 2020-01-03 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overarching goal of South Africa’s National Development Plan (NDP) is to eliminate poverty, reduce inequality, lower unemployment and increase the labour participation.This book contributes to academic and policy efforts to achieve these NDP goals. We establish that the coal, metal ores and the platinum group commodity sectors will underpin the mining as a “sunrise” industry. The export-led growth strategy is necessary for intensive employment creation but must be complemented by other micro, macroeconomic and industrial policies. A strategy of minerals beneficiation is important for intensive employment creation. Accelerated land reform is a supply side or structural reform policy intervention tool aimed at increasing potential output, changing ownership patterns in the economy, increasing entrepreneurship, labour absorption, economic inclusion and lowering income inequality. Evidence shows that the balance sheet channel, commodity price booms and busts are intricately linked with the exchange rate dynamics, policy uncertainty, confidence and the effects of droughts (also symptoms of climate change). Productivity and investment growth shocks matter for output, employment and price stability. Evidence indicates that nominal GDP growth above 10 percent and keeping inflation within the target band leads to significant increase in employment and decline in unemployment, without inflationary pressures, especially when inflation is below 4.5 percent. To operationalise the NDP targets, align and co-ordinate policies, the South African Reserve Bank (SARB) mandate can be expanded to include maximum employment. This must be complemented by lowering the inflation target band, adjusting the financial regulatory, macro-prudential and monetary policy frameworks. This will enhance the conduct and credibility of monetary and financial stability policies to achieve the set objectives. These objectives make policy co-ordination pertinent and binding.
Download or read book Trade in Zimbabwe written by Richard Newfarmer and published by World Bank Publications. This book was released on 2015-05-26 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Zimbabwe, trade has been a driver of economic growth, rising incomes, and progressive empowerment of Zimbabweans through rising standards of living and the promise of better jobs. Since 1980, through good years and bad years, increases in exports have been positively associated with increases in national income. Zimbabwe's location and resource base, together with a low-cost but relatively well educated labor force, have endowed it with a naturally high trade ratio built on a diversified base that facilitates using trade as an engine of growth. While trade volumes have rebounded smartly from the deep recession of 2007-2008, these do not offset other worrisome longer-term trends: • Export growth during the last decade has been lacklustre and failed to drive high growth. • Agricultural exports, other than tobacco, have lost their once dominant role in the region, and are no longer a source of diversification. • Manufacturing has withered in a continuing secular decline. • Zimbabwe’s export basket has become less diversified and more dependent on a narrow range of mineral and, to a lesser extent, agricultural products. In short, exports have become less diversified, less-technologically sophisticated, and less labor-intensive - and ever more dependent on a few large mining activities to provide foreign exchange and employment. This report traces the roots of this poor performance to several policy issues: poor predictability of macroeconomic policy and economic governance has created an unfavorable climate for private investment and trade; a tariff structure that dampens export profitability; industrial policies - indigenization policy in particular - that undermine investor confidence and inhibits private investment; and finally, competition-limiting policies toward services that limit connectivity of Zimbabweans and raise trade costs. The good news arising from the study is that the remedies for these policy shortcomings lie in Zimbabwean hands. If the government were to adopt reforms that reconfigure economy-wide incentives and trade and industrial policies, it could promote sustained growth, economic diversification and empowerment of poor people.
Download or read book Structural Transformation in South Africa written by Antonio Andreoni and published by Oxford University Press. This book was released on 2021 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.
Download or read book IMF Staff papers Volume 42 No 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.
Download or read book Business Cycles and Structural Change in South Africa written by Willem H. Boshoff and published by Springer Nature. This book was released on 2020-04-20 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the South African business cycle and its links to structural change in the economy. Against the backdrop of the democratic transition in 1994 and the global financial crisis, the authors study how business cycles in South Africa have changed and how cycles are related to key developments in the financial markets, international trade and business sentiment in the country. By focusing on peaks and troughs in economic activity – so-called ‘turning-point cycles’ – the book links up with the common approach of international policymakers to studying fluctuations in economic activity. The authors also introduce new approaches to measuring phases of the business cycle (to understand slow recoveries after the global crisis), provide comprehensive descriptions to complement quantitative analyses, and utilize new data sources that allow the measurement of economic activity over longer periods. As such, the book provides the first integrated overview of business cycles in an emerging market, providing academics and policymakers with a better understanding of the measurement challenges and drivers of the cycle.
Download or read book Economic Growth and Development in Africa written by Horman Chitonge and published by Routledge. This book was released on 2015-01-09 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, Africa has undergone the longest period of sustained economic growth in the continent’s history, drawing the attention of the international media and academics alike. This book analyses the Africa Rising narrative from multidisciplinary perspectives, offering a critical assessment of the explanations given for the poor economic growth and development performance in Africa prior to the millennium and the dramatic shift towards the new Africa. Bringing in perspectives from African intellectuals and scholars, many of whom have previously been overlooked in this debate, the book examines the construction of Africa’s economic growth and development portraits over the years. It looks at two institutions that play a vital role in African development, providing a detailed explanation of how the World Bank and the IMF have interpreted and dealt with the African challenges and experiences. The insightful analysis reveals that if Africa is rising, only 20-30 per cent of Africans are aboard the rising ship, and the main challenge facing the continent today is to bring on board the majority of Africans who have been excluded from growth. This book makes the complex, and sometimes confusing debates on Africa’s economic growth experience more accessible to a wide range of readers interested in the Africa story. It is essential reading for students and researchers in African Studies, and will be of great interest to scholars in Development Studies, Political Economy, and Development Economics.
Download or read book Sanctions Against Apartheid written by Community Agency for Social Enquiry (South Africa) and published by New Africa Books. This book was released on 1989 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Disequilibrium in the Labor Market in South Africa written by Mr.Bankim Chadha and published by International Monetary Fund. This book was released on 1994-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Download or read book Agriculture in Liberalizing Economies written by DINA L. UMALI and published by World Bank Publications. This book was released on 1995 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses ways in which the role of the state in promoting agricultural growth and development may be redefined. This report presents the proceedings of the 14th World Bank Agricultural Symposium held in January 1994. The papers explore ways in which the role of the state in promoting agricultural growth and development may be redefined. They also capitalize on important lessons emerging from experiences around the world. The report suggests that changing the role of government from market domination towards the provision of a regulatory framework that facilitates private sector activity is an ongoing process rather than a one-time occurrence. The papers also illustrate the wide variety of issues and the different approaches in the various countries that are redefining the role of government in agricultural development.
Download or read book Studies in the Economic History of Southern Africa written by Z.A. Konczacki and published by Routledge. This book was released on 2014-01-14 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1990. Volume Two of Studies of Economic History of South Africa, looks at the Lesotho and Swaziland regions. The unfolding history and historiography of Southern Africa pose profound challenges for both analysis and praxis in the last decade of the twentieth century. These challenges are reflected in the range of investigations and contradictions, some of which are treated here, which together constitute an intellectual and political conjuncture. This collection of studies deals with the countries which were not included in the companion book on the economic history of the Front- Line States. Most of the space in the present volume is devoted to South Africa, primarily because of its importance to the region but also because contributions to the economic history of that country in English are very extensive as compared to the other states of Southern Africa.
Download or read book South Africa written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-17 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Staff Report for the 2012 Article IV Consultation states that the policy pursued by South Africa has resulted in domestic and external stability, despite prevailing adverse circumstances. Given the volatile situation in the world economy as a whole—and Europe in particular—countercyclical monetary policy should be pursued, as fiscal revenue is likely to decline further. The report advocates utmost vigil from the South African Reserve Bank (SARB) to provide the much needed impetus to the economy by instilling investor confidence and a tight leash on future inflationary trends.
