The Oxford companion to the economics of South Africa / edited by Haroon Bhorat, Alan Hirsch, Ravi Kanbur, Mthuli Ncube.

Format:

Book

Contributor:

Bhorat, Haroon, editor.

Hirsch, Alan, editor.

Kanbur, S. M. Ravi, 1954- editor.

Ncube, Mthuli, 1963- editor.

Language:

English

Subjects (All):

South Africa--Economic conditions--1991-.

South Africa.

Economic conditions.

South Africa--Economic policy.

Economic policy.

Economic development--South Africa.

Economic development.

Economic history.

Physical Description:

xvi, 439 pages : illustrations ; 26 cm

Edition:

First edition.

Other Title:

Economics of South Africa

Place of Publication:

Oxford, United Kingdom : Oxford University Press, 2014.

Summary:

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 is marked this year, 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 bringing 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, Features, Contributions from leading economists from within South Africa and based around the world, Editors are global leaders in South African economic analysis and policy, Brings together perspectives on a range of issues: micro, macro, sectoral, country wide, and global, Provides a perspective on the last two decades and the challenges faced by South Africa as it moves to translate political freedom into economic prosperity and inclusion Book jacket.

Contents:

Part 1 The Economics of Post-Apartheid South Africa 27

1 Twenty years of economic policymaking-putting people first / Trevor Manuel Manuel, Trevor 29

2 South Africa's growth performance / Johannes Fedderke Fedderke, Johannes 39

3 Macroeconomic scenarios for South Africa: 2013-25 / Ben Smit Smit, Ben 51

4 The liberation dividend / Ruchir Sharma Sharma, Ruchir 61

5 The political economy of restructuring in South Africa / Sam Ashman Ashman, Sam, Ben Fine Fine, Ben, Vishnu Padayachee Padayachee, Vishnu, John Sender Sender, John 67

6 South Africa's suboptimal political economy equilibrium / Sandeep Mahajan Mahajan, Sandeep 75

7 Data issues in South Africa / Martin Wittenberg Wittenberg, Martin 79

Part 2 South Africa and the World Economy 85

8 Trade policy reform in South Africa / Lawrence Edwards Edwards, Lawrence 87

9 The evolution and impact of foreign direct investment into South Africa since 1994 / Anthony Black Black, Anthony 95

10 South Africa's economic relations with Africa / Brendan Vickers Vickers, Brendan 102

11 South Africa's exchange rate policy and exchange rate developments / Shaun de Jager Jager, Shaun de, Brian Kahn Kahn, Brian 110

Part 3 Macroeconomics and Fiscal Policy 117

12 South Africa's fiscal framework / Kenneth Creamer Creamer, Kenneth 119

13 Intergovernmental fiscal relations in South Africa / Tania Ajam Ajam, Tania 127

14 (Dis)Saving in South Africa / Nicola Viegi Viegi, Nicola 134

15 Inflation in South Africa / Janine Aran Aran, Janine, John Muellbauer Muellbauer, John 140

16 Monetary policy in South Africa since 1994 / Stan du Plessis Plessis, Stan du 148

17 Central Banking after the global financial crisis: the South African case / Vishnu Padayachee Padayachee, Vishnu 156

Part 4 Finance, Industry and Infrastructure 163

18 Capital markets / Shakill Hassan Hassan, Shakill 165

19 The visible hand: shaping stability and inclusion in the South African financial sector / Penelope Hawkins Hawkins, Penelope 172

20 Banking and credit markets / Seeraj Mohamed Mohamed, Seeraj 178

21 Industrialization strategy / Simon Roberts Roberts, Simon 185

22 Industrial structure and competition policy / Andreas Wörgötter Wörgötter, Andreas 191

23 Investment climate / Neil Rankin Rankin, Neil 197

24 Commanding heights: The governance of state-owned enterprises in contemporary South Africa / Brian Levy Levy, Brian 202

25 Economic regulation of the energy sector / Ethèl Teljeur Teljeur, Ethèl 209

26 Technology and innovation: performance, policy and prospects / David Kaplan Kaplan, David 217

27 Electricity / Anton Eberhard Eberhard, Anton 223

Part 5 Labour and Employment 229

28 Capturing South Africa's demographic dividend / Morné Oosthuizen Oosthuizen, Morné 231

29 Unemployment in South Africa / Cecil Mlatsheni Mlatsheni, Cecil, Murray Leibbrandt Leibbrandt, Murray 236

30 Segmented labour markets in South Africa / Gary S. Fields Fields, Gary S. 244

31 Labour law / Paul Benjamin Benjamin, Paul 250

32 Public employment in South Africa / Kate Philip Philip, Kate 259

33 Youth unemployment policy / James Levinsohn Levinsohn, James 265

34 Informality in South Africa / Imraan Valodia Valodia, Imraan 270

35 South Africa's migrant labour system / Francis Wilson Wilson, Francis 275

Part 6 Poverty and Inequality in South Africa 283

36 Poverty and poverty lines in post-apartheid South Africa / Vusi Gurnede Gurnede, Vusi 285

37 Post-apartheid poverty and inequality trends / Arden Finn Finn, Arden, Murray Leibbrandt Leibbrandt, Murray, Vimal Ranchhod Ranchhod, Vimal 291

38 Income mobility in South Africa / Julian May May, Julian 298

39 Gender inequality / Dornt Posel Posel, Dornt 303

Part 7 Post-Apartheid Social Policy 311

40 Origins, trends and debates in black economic empowerment / Claudia Manning Manning, Claudia, Nokuzola Jenness Jenness, Nokuzola 313

41 Health challenges past and future / Cally Ardington Ardington, Cally, Anne Case Case, Anne 322

42 The macroeconomics of AIDS in South Africa / Nicoli Nattrass Nattrass, Nicoli 329

43 Child development / Chris Desmond Desmond, Chris, Linda Richter Richter, Linda 336

44 Education in South Africa since 1994 / David Lam Lam, David, Nicola Branson Branson, Nicola 341

45 Social safety nets / Katharine Hall Hall, Katharine, Ingrid Woolard Woolard, Ingrid 349

46 Social Security and Social grants / Francie Lund Lund, Francie 355

47 Urbanization / Ivan Turok Turok, Ivan 360

48 Public financing for housing / David Savage Savage, David 366

Part 8 Land, Agriculture and Environment 375

49 Land and land reform in South Africa / Ben Cousins Cousins, Ben 377

50 The politics and economics of water in South Africa-1994-2013 / Rolfe Eberhard Eberhard, Rolfe 385

51 Agriculture and rural development in the post-apartheid era / Mohammad Karaan Karaan, Mohammad, Nick Vink Vink, Nick 393

52 Environmental policy and the state in post-apartheid South Africa / Tony Leiman Leiman, Tony 401.

Notes:

Includes bibliographical references and index.

ISBN:

9780199689248

0199689245

OCLC:

898753209