South Africa : Stimulating Economic Growth
South Africa has begun a new phase in its history. This article reports on a study examining the challenge of promoting equitable and fiscally sustainable growth, and evaluating alternative paths to growth using an econometric model developed by Wo...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1994/07/1614975/south-africa-stimulating-economic-growth http://hdl.handle.net/10986/10014 |
| Summary: | South Africa has begun a new phase in
its history. This article reports on a study examining the
challenge of promoting equitable and fiscally sustainable
growth, and evaluating alternative paths to growth using an
econometric model developed by World Bank staff. The broad
conclusion is that there needs to be greater complementarity
between stimulating the economy through public investment
and reviving private investment if South Africa is to
achieve a sustainable growth. The prospects of success will
be improved considerably if skills are upgraded and a
reorientation towards exports is achieved, accompanied by a
restructuring of public expenditure - within fiscally
sustainable limits - for targeting the poor. The scenarios
examined assume that political stability is achieved and
that access to international capital markets improves. |
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