Overview

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.

Full Product Details

Author:   Haroon Bhorat (Professor of Economics and Director of the Development Policy Research Unit, School of Economics, University of Cape Town) ,  Alan Hirsch (Director, Graduate School of Development Policy and Practice, University of Cape Town) ,  Ravi Kanbur (T.H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics, Cornell University) ,  Mthuli Ncube (Chief Economist and Vice President, Africa Development Bank Group & Professor, Graduate School of Business Administration, University of the Witwatersrand, South Africa)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 19.80cm , Height: 3.00cm , Length: 25.40cm
Weight:   1.046kg
ISBN:  

9780199689248

ISBN 10:   0199689245
Pages:   456
Publication Date:   27 November 2014
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Haroon Bhorat, Alan Hirsch, Ravi Kanbur, and Mthuli Ncube: Overview: Economic Policy in South Africa: Past, Present, and Future Part 1: The Economics of Post-Apartheid South Africa 1: Trevor Manuel: Twenty Years of Economic Policy-Making: Putting People First 2: Johannes Fedderke: South Africa's Growth Performance 3: Ben Smit: Macroeconomic Scenarios for South Africa: 2013-2025 4: Ruchir Sharma: The Liberation Dividend 5: Ben Fine, Samantha Ashman, Vishnu Padayachee, and John Sender: The Political Economy of Restructuring in South Africa 6: Sandeep Mahajan: South Africa's Suboptimal Political Economy Equilibrium 7: Martin Wittenberg: Data Issues in South Africa Part 2: South Africa and the World Economy 8: Lawrence Edwards: Trade Policy Reform in South Africa 9: Anthony Black: The Evolution and Impact of Foreign Direct Investment into South Africa since 1994 10: Brendan Vickers: South Africa's Economic Relations with Africa 11: Brian Kahn and Shaun de Jager: South Africa's Exchange Rate Policy and Exchange Rate Developments Part 3: Macroeconomics and Fiscal Policy 12: Kenneth Creamer: South Africa's Fiscal Framework 13: Tania Ajam: Intergovernmental Fiscal Relations in South Africa 14: Nichola Viegi: (Dis)Saving in South Africa 15: Janine Aron and John Muellbauer: Inflation in South Africa 16: Stan de Plessis: Monetary Policy in South Africa since 1994 17: Vishnu Padayachee: Central Banking After the Global Financial Crisis: The South African Case Part 4: Finance, Industry, and Infrastructure 18: Shakill Hassan: Capital Markets 19: Penny Hawkins: The Visible Hand: Shaping Stability and Inclusion in the South African Financial Sector 20: Seeraj Mohamed: Banking and Credit Markets 21: Simon Roberts: Industrialisation Strategy 22: Andreas Wörgötter: Industrial Structure and Competition Policy 23: Neil Rankin: Investment Climate 24: Brian Levy: Commanding Heights: The Governance of State-Owned Enterprises in Contemporary South Africa 25: Ethèl Teljeur: Economic Regulation of the Energy Sector 26: David Kaplan: Technology and Innovation: Performance, Policy, and Prospects 27: Anton Eberhard: Electricity Supply Part 5: Labour and Employment 28: Morné Oosthuizen: Capturing South Africa's Demographic Dividend 29: Cecil Mlatsheni and Murray Leibbrandt: Unemployment in South Africa 30: Gary Fields: Segmented Labor Markets in South Africa 31: Paul Benjamin: Labour Law 32: Kate Philip: Public Employment in South Africa 33: James Levinsohn: Youth Unemployment Policy 34: Imraan Valodia: Informality in South Africa 35: Francis Wilson: South Africa's Migrant Labour System Part 6: Poverty and Inequality in South Africa 36: Vusi Gumede: Poverty and Poverty Lines in South Africa 37: Murray Leibbrandt, Arden Finn, and Vimal Ranchhod: Post-apartheid Poverty and Inequality Trends 38: Julian May: Income Mobility in South Africa 39: Dorrit Posel: Gender Inequality Part 7: Post-Apartheid Social Policy 40: Claudia Manning and Nokuzola Jenness: Origins, Trends, and Debates in Black Economic Empowerment 41: Anne Case and Cally Ardington: Health Challenges Past and Future 42: Nicoli Nattrass: The Macro Economics of AIDS in South Africa 43: Linda Richter and Chris Desmond: Child Development 44: David Lam and Nicola Branson: Education in South Africa since 1994 45: Ingrid Woolard and Katharine Hall: Social Safety Nets 46: Francie Lund: Social Security and Social Grants 47: Ivan Turok: Urbanization 48: David Savage: Public Financing for Housing Part 8 Land, Agriculture, and Environment 49: Ben Cousins: Land and Land Reform in South Africa 50: Rolfe Eberhard: The Politics and Economics of Water in South Africa, 1994 to 2013 51: Mohammad Karaan and Nick Vink: Agriculture and Rural Development in the Post-Apartheid Era 52: Tony Leiman: Environmental Policy and the State in Post-Apartheid South Africa

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Author Information

The editors are four global leaders in development economics and in African and South African economic analysis and policy, who between them have held or hold the following positions: Chief Economist, African Development Bank; Deputy Director General in the Presidency of the Republic of South Africa; Chief Director, Department of Trade and Industry, South Africa; Presidential Economic Advisor, South Africa; G20 Sherpa, South Africa; Co-Chair G20 Development Working Group; Chief Economist for Africa, The World Bank; Professor of Economics, University of Cape Town; Dean of Commerce, Law and Management, University of Witwatersrand; Professor of Economics, Cornell University.

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