The Oxford Handbook of the South African Economy最新文献

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Constraints to Economic Growth in South Africa 制约南非经济增长的因素
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.6
Kenneth Creamer
{"title":"Constraints to Economic Growth in South Africa","authors":"Kenneth Creamer","doi":"10.1093/oxfordhb/9780192894199.013.6","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.6","url":null,"abstract":"This chapter analyses the drivers and constraints on the rate of economic growth in South Africa from the 1950’s apartheid-era through to the democratic period post-1994. Key structural factors identified as impacting on the rate and composition of economic growth include the country’s history of racial injustice and exclusion, its industrial structure and linkages to the global commodity price cycle, the evolution of macroeconomic imbalances and related infrastructure investment failures, and the impact of weak state capacity and corruption. Thereafter, the chapter outlines a number of strategic policy interventions for overcoming constraints to inclusive economic growth in South Africa.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129128520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Value Chains and Industrial Development in South Africa 南非的价值链与产业发展
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.18
M. Morris, J. Barnes, D. kaplan
{"title":"Value Chains and Industrial Development in South Africa","authors":"M. Morris, J. Barnes, D. kaplan","doi":"10.1093/oxfordhb/9780192894199.013.18","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.18","url":null,"abstract":"This chapter focuses on the dynamics of global value chains (GVC) engagement and industrial development in South Africa through two case studies—the automotive and textiles/apparel sectors. The further industrialization and development of South Africa and of the Southern African region will depend heavily on further developing their engagement in GVCs and simultaneously upgrading their capacities into higher valued and more skill and intensive activities. The automotive industry is import and export intensive, offering the potential for technological advancement, increasing skill intensity and upgrading, and positive economic spillovers. Apparel is domestic market oriented, sourcing domestically, regionally in Southern Africa, and from Asia. It is an example of a low technology, labour intensive industry, exhibiting lower levels of managerial capabilities and skills. It is challenged by raising capabilities to meet new value chain requirements and extending the supplier base to increase value addition (and by implication employment) in the economy.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125502691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
South Africa’s Post-apartheid ECONOMIC Development Trajectory 南非后种族隔离时代的经济发展轨迹
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.5
David Francis, A. Habib, I. Valodia
{"title":"South Africa’s Post-apartheid ECONOMIC Development Trajectory","authors":"David Francis, A. Habib, I. Valodia","doi":"10.1093/oxfordhb/9780192894199.013.5","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.5","url":null,"abstract":"South Africa’s economic and social development trajectory in the post-apartheid period remains a controversial subject, notwithstanding the extensive literature that has developed. This chapter covers the full spectrum of this debate, but importantly also offers new insights and analysis of the issues. The literature is vast. At one extreme, views from the far left argue that the African National Congress (ANC) has essentially ‘sold out’ and followed uncritically a neo-liberal growth path, to defenders of the ANC’s policies from active participants in the process at the other extreme. Between these two views, there are a number of significant contributions. This chapter reviews the history and contestation of economic policy in South Africa and offers some explanations for why the country’s economic progress has been so uneven. It argues that chronic economic underperformance is the result of two persistent problems in the political-economic structure of South Africa. The first is the failure of politicians and policymakers to account for the limits of South African state capacity to implement even simple economic reforms; post-apartheid economic policymaking is characterized by an assumption that the South African state is able to carry out complex economic coordination and effect reforms. Second, the impasse is really a political one caused by ideological contestation within the ANC which has no mechanism to resolve the impasse.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114302589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Monetary Policy in South Africa 南非的货币政策
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.44
N. Viegi
{"title":"Monetary Policy in South Africa","authors":"N. Viegi","doi":"10.1093/oxfordhb/9780192894199.013.44","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.44","url":null,"abstract":"Monetary policy in emerging countries is a difficult balancing act between supporting economic transformation, maintaining a sound macroeconomic environment, and reacting to internal and external shocks. This chapter reviews monetary policy in South Africa focusing on the structural constraints that affect the efficiency of policy. The main argument is that future of monetary policy depends on how the country deals with the underlying structural constraints. The country needs to return to growth and build strong resilience in its economic and social institutions. Monetary policy can help in the transition process if the policy is strongly anchored to long-term stability objectives and the Central Bank remains a credibly independent institution.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121698782","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The South African Informal Economy 南非非正规经济
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.33
M. Rogan, C. Skinner
{"title":"The South African Informal Economy","authors":"M. Rogan, C. Skinner","doi":"10.1093/oxfordhb/9780192894199.013.33","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.33","url":null,"abstract":"The literature and key policy debates on the South African informal economy are reviewed through the lens of Chen’s taxonomy of informal economy debates into legalist, dualist, voluntarist, and structuralist schools of thought. Previous insights are supplemented with an empirical analysis of the South African informal economy, using Statistics South Africa’s Quarterly Labour Force Surveys. Together these analyses suggest that the post-apartheid informal economy is characterized by a large degree of heterogeneity by status in employment and sectoral distribution and is highly gendered in its segmentation. Further, earnings are low for all but a few groups of informal workers. Much of the existing evidence also suggests that, somewhat in contrast to conventional economic theory, the South African informal economy does not absorb newcomers easily, and particularly not in times of crisis. The chapter concludes by reflecting on the primary thrust of post-apartheid policy and by examining South Africa’s response to the global call to promote the formalization of the informal economy.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126162921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Public Debt in South Africa 南非的公共债务
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.43
M. Bittencourt
{"title":"Public Debt in South Africa","authors":"M. Bittencourt","doi":"10.1093/oxfordhb/9780192894199.013.43","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.43","url":null,"abstract":"After four decades of racial segregation, South Africa transitioned to a non-racial democracy in 1994. Inevitably for a country with segregationist labour market policies for so long, South Africa is also one of the most unequal countries in the world. In order to take an overview of government debt in South Africa, this chapter looks at macroeconomic performance but also at how the political regime characteristics and inequality have interplayed with government debt during the 1970–2016 period. The data suggest that economic growth correlates negatively with debt and that democracy correlates positively with debt. In addition, the data do not suggest that democratic maturity is already associated with lower debt nor that the outgoing apartheid-era National Party bequeathed the young democracy with high debt. Encouragingly, the data do suggest that inequality and public expenditure on education correlate positively with debt, which suggests that the democratic government has the median voter in mind when creating debt and also that part of the debt is being invested in human capital formation.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"172 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121314042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Energy in South Africa 南非的能源
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.14
R. Crompton, R. Matsika
{"title":"Energy in South Africa","authors":"R. Crompton, R. Matsika","doi":"10.1093/oxfordhb/9780192894199.013.14","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.14","url":null,"abstract":"South Africa’s long dependence on imported oil and domestic coal leaves it ill prepared to navigate the Fourth Industrial Revolution and decarbonization. In 1998, after a long history of state intervention in energy markets, post-apartheid policy set new market-orientated reform goals. Following a promising start, the pendulum swung back towards state intervention. In 2018 a combination of factors, including an electricity supply crisis, brought about indications of a return to market reforms, albeit an attenuated version thereof, particularly in power generation. Petroleum markets have been stuck in impasses associated with old-style regulation and social policies entangled in price regulation. Mismanagement and corruption have taken a toll as has private investor insistence on financial support. Good progress has been made in electrification, electricity subsidies for the poor, gas infrastructure, and renewable power capacity auctions. Technological innovation in renewable power offers reduced economies of scale and much promise for energy markets.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132003109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Migration and Remittances in South Africa 南非的移民和汇款
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.34
M. Collinson, Mduduzi Biyase
{"title":"Migration and Remittances in South Africa","authors":"M. Collinson, Mduduzi Biyase","doi":"10.1093/oxfordhb/9780192894199.013.34","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.34","url":null,"abstract":"The chapter draws from two data sources to describe patterns and trends of internal migration and remittances in South Africa and explore what these mean for rural households. These are the National Income Dynamics Study (NIDS 2008–17) and the South African Population Research Infrastructure Network (2000–17). NIDS data show that at a national level there are high levels of non-resident household membership. As much as 24 per cent of African rural households have a non-resident member. This reflects temporary migration, especially of young adults. SAPRIN shows that temporary migration rates remain persistent over time, while definitive migration shows a gradual decline in incidence after 2003. Some temporary migrants send remittances, mostly of money, but also clothes and food. The study shows amounts averaging R1,100 per month from female migrants and R1,500 per month from male migrants in 2017. These can play a crucial role in food security for the poorest rural households and in improving human capital in better-off rural households. What has not been explored here are costs to the household of temporary migration, which help to explain why more households do not send temporary migrants. These include financial costs, but the main two areas of concern are health and social connection.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114539734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
The Economic History of South Africa 1948–94 《1948 - 1994年南非经济史
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.3
B. Freund, V. Padayachee
{"title":"The Economic History of South Africa 1948–94","authors":"B. Freund, V. Padayachee","doi":"10.1093/oxfordhb/9780192894199.013.3","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.3","url":null,"abstract":"This chapter addresses the unfolding economic history of South Africa in the apartheid era (1948–94). The chapter is organized according to a periodization with 1971–73 as a marker of the break, and along specific thematic lines. These include a discussion of the way in which this history has been studied and through what theoretical lenses, before engaging with the main issues, including the impact of Afrikaner nationalism on economic growth, the way in which the minerals energy sector, which dominated early perspectives of South African economic history and perspectives, is impacted in this era of National Party rule. An analysis of the role of one major corporation (Anglo American Corporation) in shaping this economic history is followed by an assessment of the impact of the global and local crisis after c.1970 on the South African economy. An abiding theme is that of race and economic development and the way in which the impact of this key relationship of apartheid South Africa on economic growth has been studied.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"32 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132229882","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Economics of Education in South Africa 南非的教育经济学
The Oxford Handbook of the South African Economy Pub Date : 2021-11-18 DOI: 10.1093/oxfordhb/9780192894199.013.31
N. Branson, D. Lam
{"title":"The Economics of Education in South Africa","authors":"N. Branson, D. Lam","doi":"10.1093/oxfordhb/9780192894199.013.31","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780192894199.013.31","url":null,"abstract":"South Africa has made significant progress in raising education levels and reducing racial and gender gaps in education. Significant challenges remain, however, and progress in many dimensions has been disappointing. There continue to be substantial racial gaps in educational attainment, especially in the proportions completing secondary school and earning post-secondary qualifications. Although most learners attend nationally funded public schools, large differences persist in the quality of schools. These differences are reflected in large racial and socio-economic differences in test scores and low rankings in international comparisons. Education is strongly related to employment and earnings, with some of the steepest income-education gradients in the world. Returns to post-secondary education have increased, while there has been limited progress in access to post-secondary education. The combination of highly unequal education combined with strong effects of schooling on earnings and employment create a cycle in which inequality is transmitted across generations.","PeriodicalId":220950,"journal":{"name":"The Oxford Handbook of the South African Economy","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128313610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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