Economic Growth in South Africa: Selected Policy Issues

Economic growth is critical for the success of the current political transition in South Africa, but there is little agreement about what will generate this growth. This work gives a brief historical perspective and examines South Africa’s macroeconomic policy and the country’s physical and
human resources. It shows what the authors believe to be the importance of the informal economy and income redistribution and the appropriate role for government. It also considers lessons for South Africa from the newly industrialized countries. Finally, the authors offer a workable growth policy
consistent with long and short term economic issues.