The Oxford Companion to the Economics of South Africa

Hardcover | December 27, 2014

EditorHaroon Bhorat, Alan Hirsch, Ravi Kanbur

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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, incomeinequality 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 lookingdiscussion 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 contributorswere 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 leadersin 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.

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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, incomeinequality has increased, and poverty has remai...

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...

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Format:HardcoverDimensions:456 pages, 9.69 × 7.44 × 0.98 inPublished:December 27, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199689245

ISBN - 13:9780199689248

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Table of Contents

Haroon Bhorat, Alan Hirsch, Ravi Kanbur, and Mthuli Ncube: Overview: Economic Policy in South Africa: Past, Present, and FuturePart 1: The Economics of Post-Apartheid South Africa1. Trevor Manuel: Twenty Years of Economic Policy-Making: Putting People First2. Johannes Fedderke: South Africa's Growth Performance3. Ben Smit: Macroeconomic Scenarios for South Africa: 2013-20254. Ruchir Sharma: The Liberation Dividend5. Ben Fine, Samantha Ashman, Vishnu Padayachee, and John Sender: The Political Economy of Restructuring in South Africa6. Sandeep Mahajan: South Africa's Suboptimal Political Economy Equilibrium7. Martin Wittenberg: Data Issues in South AfricaPart 2: South Africa and the World Economy8. Lawrence Edwards: Trade Policy Reform in South Africa9. Anthony Black: The Evolution and Impact of Foreign Direct Investment into South Africa since 199410. Brendan Vickers: South Africa's Economic Relations with Africa11. Brian Kahn and Shaun de Jager: South Africa's Exchange Rate Policy and Exchange Rate DevelopmentsPart 3: Macroeconomics and Fiscal Policy12. Kenneth Creamer: South Africa's Fiscal Framework13. Tania Ajam: Intergovernmental Fiscal Relations in South Africa14. Nichola Viegi: (Dis)Saving in South Africa15. Janine Aron and John Muellbauer: Inflation in South Africa16. Stan de Plessis: Monetary Policy in South Africa since 199417. Vishnu Padayachee: Central Banking After the Global Financial Crisis: The South African CasePart 4: Finance, Industry, and Infrastructure18. Shakill Hassan: Capital Markets19. Penny Hawkins: The Visible Hand: Shaping Stability and Inclusion in the South African Financial Sector20. Seeraj Mohamed: Banking and Credit Markets21. Simon Roberts: Industrialisation Strategy22. Andreas Worgotter: Industrial Structure and Competition Policy23. Neil Rankin: Investment Climate24. Brian Levy: Commanding Heights: The Governance of State-Owned Enterprises in Contemporary South Africa25. Ethel Teljeur: Economic Regulation of the Energy Sector26. David Kaplan: Technology and Innovation: Performance, Policy, and Prospects27. Anton Eberhard: Electricity SupplyPart 5: Labour and Employment28. Morne Oosthuizen: Capturing South Africa's Demographic Dividend29. Cecil Mlatsheni and Murray Leibbrandt: Unemployment in South Africa30. Gary Fields: Segmented Labor Markets in South Africa31. Paul Benjamin: Labour Law32. Kate Philip: Public Employment in South Africa33. James Levinsohn: Youth Unemployment Policy34. Imraan Valodia: Informality in South Africa35. Francis Wilson: South Africa's Migrant Labour SystemPart 6: Poverty and Inequality in South Africa36. Vusi Gumede: Poverty and Poverty Lines in South Africa37. Murray Leibbrandt, Arden Finn, and Vimal Ranchhod: Post-apartheid Poverty and Inequality Trends38. Julian May: Income Mobility in South Africa39. Dorrit Posel: Gender InequalityPart 7: Post-Apartheid Social Policy40. Claudia Manning and Nokuzola Jenness: Origins, Trends, and Debates in Black Economic Empowerment41. Anne Case and Cally Ardington: Health Challenges Past and Future42. Nicoli Nattrass: The Macro Economics of AIDS in South Africa43. Linda Richter and Chris Desmond: Child Development44. David Lam and Nicola Branson: Education in South Africa since 199445. Ingrid Woolard and Katherine Hall: Social Safety Nets46. Francie Lund: Social Security and Social Grants47. Ivan Turok: Urbanization48. David Savage: Public Financing for HousingPart 8: Land, Agriculture, and Environment49. Ben Cousins: Land and Land Reform in South Africa50. Rolfe Eberhard: The Politics and Economics of Water in South Africa, 1994 to 201351. Mohammad Karaan and Nick Vink: Agriculture and Rural Development in the Post-Apartheid Era52. Tony Leiman: Environmental Policy and the State in Post-Apartheid South Africa