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. The Decline of the South African
Economy will prove to be a fascinating read for students, teachers,
researchers and academics with a special interest in modern
economic development or in Africa and the Third World.
General
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