Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108005
Authors: 
Bhorat, Haroon
Cassim, Aalia
Hirsch, Alan
Year of Publication: 
2014
Series/Report no.: 
WIDER Working Paper 2014/155
Abstract: 
South Africa has exhibited tepid economic growth over the past twenty years as well as high levels of income inequality characteristic of a middle income country growth trap. This paper compares and contrasts South Africa's growth trap relative to middle-income peer economies. In addition, we study the policies and structures of the South African economy that have indeed perpetuated the persistently low levels of growth observed. In particular we consider the capital-intensive nature of manufacturing, regulation in the telecommunication and transport sector and the inadequacies of Black Economic Empowerment policies. The paper concludes discussing the welfare outcomes on the vast majority of South Africans who are unable to participate in the economy.
Subjects: 
South Africa
growth trap
middle income country
policy co-ordination
industrial policy
JEL: 
O10
O20
O25
O40
ISBN: 
978-92-9230-876-6
Document Type: 
Working Paper

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