271. Assessing South Africa's Growth Strategy
- Author:
- Jesmond Blumenfeld
- Publication Date:
- 07-1998
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- As South Africa approaches its second inclusive elections in 1999, the government's economic record will come under increasing scrutiny. Against widespread expectations of a post-apartheid transformation in economic performance, the country's achievements in output, investment and employment have been profoundly disappointing. The adoption of a new, and more market- and investor-friendly, macroeconomic strategy in 1996 boosted confidence by promising major structural and policy reforms, but this has since been undermined by failure to meet most of the strategy's targets. In this Briefing Paper, Jesmond Blumenfeld analyses the origins, content and outcomes of the strategy as well as the economic and political dilemmas that it has created.
- Topic:
- Economics and International Political Economy
- Political Geography:
- South Africa and New Delhi