Download Free The South African Economy 1910 90 Book in PDF and EPUB Free Download. You can read online The South African Economy 1910 90 and write the review.

The theme of the book is how efficient economic organisation with clearly defined property rights in the framework of a market economy has made possible the development of the South African economy. The book is divided into three periods: 1910-33, 1933-61 and 1961-90. Each of them begins with a brief survey of the growth of population and GDP which is then followed by a more detailed sectoral analysis. The book represents an important general survey of the South African economy in the twentieth century and as such will be required reading for all interested in the making of the modern South African economy.
The South African Economy 1910-90 surveys the growth of the South African economy since 1910, when the four provinces came together to form the Union of South Africa. The theme of the book is that efficient economic organization made possible the remarkable growth of the South African economy, which over the years has had to contend with natural disasters, a backward but politically influential agricultural sector, a fixed gold price, the impact of two world wars, and finally the constraints on growth imposed by the apartheid policies since 1948. Gold fuelled the growth of the economy and enabled the government to subsidize agriculture in a way that was not usually possible for developing countries. It also led the South African government to pioneer many of the policies more commonly associated with the agricultural policies of the European Economic Community. Gold, however, has been a mixed blessing, and since 1973 the dramatic rise in its price has not been accompanied by a boom in the growth rate. In fact, it led to a marked deceleration in the rate of growth and triggered a burst of inflation that is still ravaging the South African economy. Since leaving the Commonwealth in 1961 South Africa has experienced an industrial revolution that has made her the powerhouse of Africa, but accompanying this industrial transformation there occurred a population explosion that increased the need for foreign investment just at the time when anti-apartheid campaigns were making this impossible. As a result, the 1980s saw a decline in white incomes and an increase in black unemployment.
Study of the economy of South Africa R - covers natural resources, demographic aspects, productivity, employment policy, the standard of living, trade, the balance of payments, banking, economic growth, etc., and includes government policy in respect of the mining industry, the manufacturing industry and agriculture. Statistical tables, map, references and bibliography pp. 264 to 272.
This edition has been completely updated with new chapters on trade unions in South Africa, recent legislation affecting economic growth, the role of the State via the tricameral system, the development of the Black States, and other topics.
While sharing some characteristics with other middle-income countries, South Africa is a country with a unique economic history and distinctive economic features. It is a regional economic powerhouse that plays a significant role, not only in southern Africa and in the continent, but also as a member of BRICS. However, there has been a lack of structural transformation and weak economic growth, and South Africa faces the profound triple challenges of poverty, inequality, and unemployment. Any meaningful debate about economic policies to address these challenges needs to be informed by a deep understanding of historical developments, robust empirical evidence, and rigorous analysis of South Africa's complex economic landscape. This volume seeks to provide a wide-ranging set of original, detailed, and state-of-the-art analytical perspectives that contribute to scientific knowledge as well as to well-informed and productive discourse on the South African economy. While concentrating on the more recent economic issues facing South Africa, the handbook also provides historical and political context. It offers an in-depth examination of strategic issues in the country's key economic sectors, and brings together diverse analytical perspectives.
South Africa's leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the economic decline - resulting from misguided economic policies - that has been the experience of Sub-Saharan Africa. The contributors argue that the failure of manufacturing to maintain the country's economic growth, once the output of the gold mines began to decline, is central to an understanding of events and outcomes in the economy. Government policy towards manufacturing has played a major part in the decline of the South African economy, but this has, however, tended to be overlooked as a result of the turbulence generated by the political events unfolding in South Africa.
Furthermore, what role can international trade and investment play in spurring economic growth in South Africa, alleviating the country's poverty and promoting a more equitable distribution of wealth? These are some of the questions that came under the spotlight at an international conference organised in 1993 by The Aspen Institute and IDASA (The Institute for a Democratic Alternative for South Africa). At this conference, held in South Africa, a number of leading economists and policy advisers from the United States, Asia, Latin America and Africa met to stimulate discussion about a range of critical issues facing the South African economy in the years ahead.