Sense in Sociability? Social Exclusion and Persistent Poverty in South Africa

Publisher:
International Food Policy Research Institute, University of Wisconsin, and the University of KwaZulu-Natal
Publication Date:
1 December 2004
Tags:
South Africa, Economy, Business and Finance, Environment

To overcome apartheid's legacy of economic inequity, South Africa’s first democratic government set a national economic policy that adopted the liberal stance of the “Washington Consensus.” By putting in place the Growth, Employment and Redistribution program (GEAR) in 1996, which emphasized fiscal discipline and incentives for private investment, the government was betting that time would become an ally of the poor and allow them to become full participants in an expanding free market economy.

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