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An Employment-Targeted Economic Program for South Africa (Hardcover, illustrated edition)
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An Employment-Targeted Economic Program for South Africa (Hardcover, illustrated edition)
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The people of South Africa, and the African National Congress-led
government, have made extraordinary social and economic advances
since ending apartheid and beginning the transition to democracy in
1994. But the country still faces severe problems of mass
unemployment, underemployment and poverty. This study, sponsored by
the United Nations Development Program, presents a detailed
economic program designed to produce major reductions in
unemployment and poverty, and a general spreading of economic
well-being, and to achieve these ends in a manner that is
sustainable over a longer-term framework. The 'employment-targeted'
program developed here builds from standard policy tools and
initiatives already undertaken by the government in the areas of
macroeconomic policy, development banking and large-scale credit
subsidies, labor-intensive public investments, and social welfare
expenditures. The authors introduce these measures alongside
specific proposals in the areas of fiscal budgetary control,
inflation control and exchange rate management. Students and
scholars of development economics will find this analysis of South
Africa's economy, and the authors' plan for stimulating job growth,
of great interest.
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