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The Decline of the South African Economy

Edited by Stuart Jones
Genres: Macroeconomics
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 22nd Aug 2002
Dimensions: w 156mm h 234mm d 20mm
Weight: 547g
ISBN-10: 1840643927
ISBN-13: 9781840643923
Barcode No: 9781840643923
South African economists adopt within this volume a sectoral approach to their analysis of the drastic changes that have occurred with the South African economy since 1970. They illustrate 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.

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