 |
| OECD Economic Surveys: South Africa Economic Assessment |
| Author: OECD |
| Publisher: Organisation for Economic Co-operation and Development (OECD) |
| Publication Date: July 15, 2008 |
| Copyright: 2008 |
| Publisher Website: http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html |
| Language: en |
| Category:
South Africa, Economy, Business and Finance, Sustainable Development
|
|
|
|
The democratically elected government that came to power in 1994 inherited an economy
wracked by long years of internal conflict and external sanctions. Against that backdrop,
economic performance since 1994 has been impressive. In particular, the successive
governments during that period have shown considerable prudence, refraining from
resorting to economic populism in an effort to boost short-term growth. As a result, public
finances were stabilised, inflation was brought down, foreign capital was attracted in
growing amounts, and economic growth, after lagging for a time, improved. The awarding
of the 2010 FIFA World Cup to South Africa is just one sign that South Africa is now seen as
a stable, modern state, in many ways a model for the rest of the African continent. However,
there have also been notable weaknesses in the economic record to date, especially as
regards unemployment, inequality, and poverty. |
|
|
|
| [ View Resource ] |
|
|
|
