South Africa Economic Update, No. 11 : Jobs and Inequality
This report reviews South Africa’s recent economic and social developments. It underlines that South Africa’s current economic rebound may not be sustained if the fundamental factors undermining its growth potential are not boldly addressed. This i...
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World Bank, Pretoria
2018
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| Online Access: | http://documents.worldbank.org/curated/en/368961522944196494/South-Africa-Economic-Update-jobs-and-inequality http://hdl.handle.net/10986/29677 |
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okr-10986-296772021-06-14T10:09:25Z South Africa Economic Update, No. 11 : Jobs and Inequality World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK LABOR MARKET FISCAL TRENDS EXTERNAL TRADE JOB CREATION INEQUALITY POVERTY SKILLS INTENSITY SKILLS DEVELOPMENT SKILLED LABOR This report reviews South Africa’s recent economic and social developments. It underlines that South Africa’s current economic rebound may not be sustained if the fundamental factors undermining its growth potential are not boldly addressed. This includes in particular income inequality, which fuels resource contestation, policy uncertainty and scare private investors of seeing their investments overly taxed and expropriated. Nevertheless, inequalities are increasingly driven by labor markets developments, as opposed to race or location of origin. Policy actions could accelerate a projected decline in inequalities resulting from greater access to education. Using a dynamic computable general equilibrium, the report simulates a number of policy scenarios until 2030. Simulation results suggests that continuing to address corruption, restoring policy certainty in mining, improving the competitiveness of strategic state-owned enterprises, further exposing South Africa’s large conglomerates to foreign competition, and facilitating skilled immigration would raise labor demand and create the fiscal space needed to eventually build labor supply from the poor population through education and spatial integration reforms. By 2030, extreme poverty could be almost eradicated and inequalities significantly reduced. And as inequalities decline, the social contract would strengthen and likely encourage further private investment – a possibility not captured in the simulations. 2018-04-13T19:50:11Z 2018-04-13T19:50:11Z 2018-04-05 Report http://documents.worldbank.org/curated/en/368961522944196494/South-Africa-Economic-Update-jobs-and-inequality http://hdl.handle.net/10986/29677 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Pretoria Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Africa South Africa |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK LABOR MARKET FISCAL TRENDS EXTERNAL TRADE JOB CREATION INEQUALITY POVERTY SKILLS INTENSITY SKILLS DEVELOPMENT SKILLED LABOR |
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ECONOMIC GROWTH ECONOMIC OUTLOOK LABOR MARKET FISCAL TRENDS EXTERNAL TRADE JOB CREATION INEQUALITY POVERTY SKILLS INTENSITY SKILLS DEVELOPMENT SKILLED LABOR World Bank South Africa Economic Update, No. 11 : Jobs and Inequality |
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Africa South Africa |
| description |
This report reviews South Africa’s
recent economic and social developments. It underlines that
South Africa’s current economic rebound may not be sustained
if the fundamental factors undermining its growth potential
are not boldly addressed. This includes in particular income
inequality, which fuels resource contestation, policy
uncertainty and scare private investors of seeing their
investments overly taxed and expropriated. Nevertheless,
inequalities are increasingly driven by labor markets
developments, as opposed to race or location of origin.
Policy actions could accelerate a projected decline in
inequalities resulting from greater access to education.
Using a dynamic computable general equilibrium, the report
simulates a number of policy scenarios until 2030.
Simulation results suggests that continuing to address
corruption, restoring policy certainty in mining, improving
the competitiveness of strategic state-owned enterprises,
further exposing South Africa’s large conglomerates to
foreign competition, and facilitating skilled immigration
would raise labor demand and create the fiscal space needed
to eventually build labor supply from the poor population
through education and spatial integration reforms. By 2030,
extreme poverty could be almost eradicated and inequalities
significantly reduced. And as inequalities decline, the
social contract would strengthen and likely encourage
further private investment – a possibility not captured in
the simulations. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
South Africa Economic Update, No. 11 : Jobs and Inequality |
| title_short |
South Africa Economic Update, No. 11 : Jobs and Inequality |
| title_full |
South Africa Economic Update, No. 11 : Jobs and Inequality |
| title_fullStr |
South Africa Economic Update, No. 11 : Jobs and Inequality |
| title_full_unstemmed |
South Africa Economic Update, No. 11 : Jobs and Inequality |
| title_sort |
south africa economic update, no. 11 : jobs and inequality |
| publisher |
World Bank, Pretoria |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/368961522944196494/South-Africa-Economic-Update-jobs-and-inequality http://hdl.handle.net/10986/29677 |
| _version_ |
1764469959918878720 |